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iRubric: Accounting 12 Final Project rubric

iRubric: Accounting 12 Final Project rubric

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Accounting 12 Final Project 
Rubric Code: HXAA5A8
By nivek1982
Ready to use
Public Rubric
Subject: Accounting  
Type: Project  
Grade Levels: 9-12

Powered by iRubric Accounting 12 Final Project
  Poor

1 pts

Fair

2 pts

Good

3 pts

Excellent

4 pts

Introduction

Poor

The introduction does not contain all of the required elements and presents a poor case for investment in the business.
Fair

The introduction contains most of the required elements and presents a satisfactory case for investment in the business.
Good

The introduction contains all of the required elements and presents a satisfactory case for investment in the business.
Excellent

The introduction contains all of the required elements and presents a convincing case for investment in the business.
Chart of Accounts

Poor

The Chart of Accounts does not take into account the unique needs of the business described.
Fair

The Chart of Accounts contains some potential accounts based on the business description provided. Some accounts may be missing or inappropriate.
Good

The Chart of Accounts contains most potential accounts based on the business description provided, including relevant revenue, expense and tax accounts.
Excellent

The Chart of Accounts contains all potential accounts based on the business description provided, including relevant revenue, expense and tax accounts.
Journal Entries and Trial Balances

Poor

Trial balance does not balance.
Fair

There are some errors in the journal entries resulting in an incorrect trial balance being produced.
Good

All journal entries are completed accurately and posted to appropriate accounts. Trial balances balance some accounts may not be presented in the correct order.
Excellent

All journal entries are completed accurately and posted to appropriate accounts. Trial balances balance and all accounts are in the correct order.
Financial Statements

Poor

Financial statements are inaccurate, not labelled correctly and accounts are presented in the wrong order.
Fair

Financial statements are mostly accurate but may not be labelled correctly and accounts are not in the correct order.
Good

Financial statements are most accurate, largely labelled correctly, and most accounts are in the correct order.
Excellent

Financial statements are completely accurate, labelled correctly, and all accounts are in the correct order.
Accounting Principles explanation

Poor

Accounting principles are not understood and the explanation is not relevant to the business.
Fair

Accounting principles are somewhat understood and some of the relevant principles are included in the explanation.
Good

Accounting principles are mostly understood and most relevant principles are included in the explanation.
Excellent

Accounting principles are fully understood and all relevant principles are included in the explanation.
Control systems

Poor

The control systems described are not appropriate for this business.
Fair

The control systems that are described may not be entirely relevant or too strict or lose. Explanations are weak.
Good

The control systems that are described are largely relevant, somewhat strong, and mostly explained.
Excellent

The control systems that are described are relevant, strong, and fully explained.




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