Assignment: Financial Accounting 2

Adjusting Entries Scoring Guide

Due Date: End of Unit 2. Percentage of Course Grade: 6%.

CRITERIA NON-PERFORMANCE BASIC PROFICIENT DISTINGUISHED

Compute adjusting and closing entries. 30%

Does not compute adjusting and closing entries.

Computes either adjusting or closing entries.

Computes adjusting and closing entries.

Computes adjusting and closing entries without errors.

Prepare an income statement and balance sheet. 30%

Does not prepare an income statement and balance sheet.

Partially prepares an income statement and balance sheet.

Prepares an income statement and balance sheet.

Prepares an income statement and balance sheet using appropriate financial data and computations.

Identify information on balance and income statements for a company. 30%

Does not identify information on balance and income statements for a company.

Partially identifies information on balance and income statements for a company.

Identifies information on balance and income statements for a company.

Interprets information on balance and income statements for a company and justifies interpretation.

Communicate in a manner that is professional and consistent with expectations for members of the business professions. 10%

Communicates in a manner that is not professional or consistent with expectations for members of the business professions.

Communicates in a manner that is inconsistent with expectations for members of the business professions.

Communicates in a manner that is professional and consistent with expectations for members of the business professions.

Communicates in a manner that is professional, scholarly, and consistent with expectations for members of the business professions, and adheres to APA guidelines, creating work appropriate for publication.

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