assessment correction

ASSESSMENT 1

Attempt 1 has been evaluated Evaluated Assessment File

Includes a link to the scoring guide and any additional faculty feedback.

Overall Comments:

Thanks, Frank. Your answers to these problems were incorrect. I strongly suggest that you schedule some time with the course tutor to review your work and calculaitons.

Competency: Consolidate financial statement information.

Criterion: Prepare a consolidated balance sheet for an equity investment.

Basic Non-Performance

Basic

Prepares a consolidated balance sheet for an equity investment that does not balance and includes incorrect account totals.

Faculty Comments:“Balance Sheet is incorrect. Consolidating entries are incorrect.”

Criterion: Determine retained earnings balances for an equity investment.

Distinguished Proficient Basic Non-Performance

Basic

Determines retained earnings balances for an equity investment that contain calculation errors or are based on the misapplication of a particular equity investment accounting method.

Faculty Comments:“Consolidated Retained Earnings balances are incorrect.”

Criterion: Determine consolidated asset balances for an equity investment.

Distinguished Proficient Basic Non-Performance

Basic

Determines consolidated asset balances for an equity investment that contain calculation errors.

Faculty Comments:“Consolidated balances are incorrect.”

Criterion: Prepare all necessary journal entries for an equity investment.

Distinguished Proficient Basic Non-Performance

Basic

Prepares journal entries for an equity investment that are incomplete or inaccurate.

Faculty Comments:“Journal entries are incorrect.”

Criterion: Analyze equity investment accounting methods.

Distinguished Proficient Basic Non-Performance

Non-Performance

Does not summarize equity investment accounting methods.

Faculty Comments:

ASSESSMENT 2

Attempt 1 has been evaluated Evaluated Assessment File

Includes a link to the scoring guide and any additional faculty feedback.

Overall Comments:

Thanks, Frank. Please see below.

Competency: Evaluate the influence of global money markets on financial statements.

Criterion: Determine consolidated balances.

Distinguished Proficient Basic Non-Performance

Basic

Determines consolidated balances that contain calculation errors or incorrect account totals.

Faculty Comments:“Consolidated balances are incorrect.”

Competency: Consolidate financial statement information.

Criterion: Calculate intra-entity transfer account balances.

Distinguished Proficient Basic Non-Performance

Basic

Calculates intra-entity transfer account balances with computational or data errors.

Faculty Comments:“Intra-company account balances are incorrect.”