Assignment 4:Financial Acct 1

Inventory Analysis Scoring Guide

Due Date: End of Unit 4. Percentage of Course Grade: 5%.

CRITERIA NON-PERFORMANCE BASIC PROFICIENT DISTINGUISHED

Apply average cost, FIFO, LIFO, and specific identification inventory methods. 30%

Does not apply average cost, FIFO, LIFO, and specific identification inventory methods.

Applies average cost, FIFO, LIFO, and specific identification inventory methods incorrectly.

Applies average cost, FIFO, LIFO, and specific identification inventory methods.

Applies average cost, FIFO, LIFO, and specific identification inventory methods using appropriate financial data and computations.

Analyze the effects of LIFO and FIFO inventory methods on an income statement. 30%

Does not identify the effects of LIFO and FIFO inventory methods on an income statement.

Identifies the effects of LIFO and FIFO inventory methods on an income statement.

Analyzes the effects of LIFO and FIFO inventory methods on an income statement.

Evaluates the effects of LIFO and FIFO inventory methods on an income statement using appropriate financial data and computations.

Analyze specific inventory financial data on a company's financial statements. 30%

Does not identify specific inventory financial data on a company's financial statements.

Identifies specific inventory financial data on a company's financial statements.

Analyzes specific inventory financial data on a company's financial statements.

Interprets specific inventory financial data on a company's financial statements using appropriate computations.

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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