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iRubric: Accounting Simulation Rubric

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Accounting Simulation Rubric Accounting Simulation Rubric Rico Sanchez Simulation -- 1st Semester IA Rubric Code: N59BW5 By mbrennan Ready to use Public Rubric Subject: Accounting Type: Project Grade Levels: (none)

Accounting Simulation
	Unsatisfactory (N/A)	Partially Proficient (N/A)	Proficient (N/A)	Advanced (N/A)
Journalizing Business Transactions 25 points	Unsatisfactory Shows little to no understanding of the principles of journalizing accurately in the appropriate journal. (10 points)	Partially Proficient Shows a basic understanding of the principles of journalizing accurately in the appropriate journal. (15 points)	Proficient Shows a good understanding of the principles of journalizing accurately in the appropriate journal. (20 points)	Advanced Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal. (25 points)
Posting 15 points	Unsatisfactory Shows little to no understanding of the principles of posting. (6 points)	Partially Proficient Shows a basic understanding of the principles of posting. (9 points)	Proficient Shows a good understanding of the principles of posting. (12 points)	Advanced Shows a well developed understanding of the principles of posting. (15 points)
Worksheet 10 points	Unsatisfactory There is no worksheet. (0 points)	Partially Proficient The entire worksheet is not completed. (6 points)	Proficient The entire worksheet is correctly prepared, with no more than two major errors. (8 points)	Advanced The entire worksheet is correctly prepared with no major errors. (10 points)
Financial Statements 15 points	Unsatisfactory No financial statements are included. (0 points)	Partially Proficient Some of the Financial Statements are included. More than two errors on those presented. (9 points)	Proficient All of the Financial Statements are included with no more than two major errors on the complete set. (12 points)	Advanced All of the financial statements are presented with no major errors. (15 points)
Adjusting/Closing Entries 10 points	Unsatisfactory There are no adjusting and closing entries. (0 points)	Partially Proficient Only adjusting entries are completed. (6 points)	Proficient Adjusting and closing entries are completed with no more than two errors. (8 points)	Advanced Adjusting and closing entries are completed with no errors. (10 points)
Post-Closing Trial Balance 5 points	Unsatisfactory The post-closing trial balance has not been completed. (o points)	Partially Proficient The post-closing trial balance is complete, but does not balance correctly. (2 points)	Proficient The post-closing trial balance is correct, with no major errors. (4 points)	Advanced The post-closing trial balance is correct, with no errors. (5 points)