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iRubric: Accounting Cycle rubric

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Accounting Cycle 
Accounting Cycle
Using text, perform the following: 1. Evaluate the student's knowledge of accounting cycle 2. Demonstrate the use of documentation 3. Understand a complex accounting problem.
Rubric Code: XXXB928
By bucky78
Ready to use
Public Rubric
Subject: Accounting  
Type: Assessment  
Grade Levels: 9-12

Powered by iRubric Test Chapter 6: TechVision Web Des
  Advanced

20 pts

Proficient

15 pts

Novice

10 pts

Unsatisfactory

5 pts

Journalizing Business Transactions

Advanced

Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal. Very few errors in journalizing points
(20-15 points)
Proficient

Shows a good understanding of the principles of journalizing accurately in the appropriate journal. Few errors in journalizing
(14-10 points)
Novice

Shows little to no understanding of the principles of journalizing accurately in the appropriate journal. Many errors in posting
(9-5 points)
Unsatisfactory

Transactions appear incomplete. Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
(5-0 points)
Posting to Ledgers

Advanced

Shows a well developed understanding of the principles of posting.Very few errors in posting
(20-15 points)
Proficient

Shows a good understanding of the principles of posting.few errors in posting <BR>
(10-7 points)
Novice

Shows little understanding of the principles of posting.many errors in posting <BR>
(6-3 points)
Unsatisfactory

Shows very little understanding of the principles of posting.<BR>
(2-0 points)
Format of Journal

Advanced

Journal Formatted 100% correct
(20-15 points)
Proficient

Journal Formatted with minor errors
Novice

Many errors in journal format
Unsatisfactory

Journal format unacceptable
Trial Balance

Advanced

trial balance is correct, with no errors.
(20-15)
Proficient

trial balance is correct, with no major errors.<BR>
Novice

trial balance contains many errors BR>
Unsatisfactory

trial was started but is basically incomplete.<BR>
Trial Balance Format

Advanced

Trial Balance formatted 100% correct
(20-15)
Proficient

Trial balance contains a few minor errors
Novice

Trial balance contains many errors
Unsatisfactory

Trial Balance incomplete




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