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Everything else is attached. Use the distinguished column to ensure everything is answered.
Financial Information Scoring Guide
| CRITERIA | NON-PERFORMANCE | BASIC | PROFICIENT | DISTINGUISHED |
|---|---|---|---|---|
| Prepare a general journal for a company using appropriate financial data. |
Does not prepare a general journal for a company using appropriate financial data. | Prepares a general journal for a company with errors in the financial data. | Prepares a general journal for a company using appropriate financial data. | Prepares a general journal for a company using the correct financial data and computations. |
| Apply knowledge of business accounting terminology by describing each term. |
Does not demonstrate knowledge of business accounting terminology. | Demonstrates knowledge of business accounting terminology with errors in interpretation. | Applies knowledge of business accounting terminology by describing each term. | Applies knowledge of business accounting terminology by describing each term’s use and user(s) and providing examples in a clear and concise manner. |
| Describe the internal and external users for accounting data. |
Does not identify the internal and external users for accounting data. | Identifies the internal and external users for accounting data. | Describes the internal and external users for accounting data. | Describes the internal and external users for accounting data and provides examples in a clear and concise manner. |
| Describe the role ethics has in the operation of an accounting system. |
Does not identify the role ethics has in the operation of an accounting system. | Identifies the role ethics has in the operation of an accounting system but demonstrates an incomplete understanding of the role of ethics. | Describes the role ethics has in the operation of an accounting system. | Describes the role ethics has in the operation of an accounting system. The description is articulate and demonstrates a thorough and insightful understanding of ethical issues. |
| Describe the purpose of accounting conventions prescribed by law, regulators, and accounting. |
Does not identify the purpose of accounting conventions prescribed by law, regulators, and accounting. | Identifies the purpose of accounting conventions prescribed by law, regulators, and accounting. | Describes the purpose of accounting conventions prescribed by law, regulators, and accounting. | Describes the purpose of accounting conventions prescribed by law, regulators, and accounting by providing examples in a clear and concise manner. |
| Describe the three main financial statements used in an accounting system. |
Does not identify the main financial statements used in an accounting system. | Identifies the main financial statements used in an accounting system. | Describes the main financial statements used in an accounting system. | Describes the main financial statements used in an accounting system by describing each term’s use and user(s) and providing examples in a clear and concise manner. |
| Discuss the role of debit and credit as applied in accounting. |
Does not identify the role of debit and credit as applied in accounting. | Identifies the role of debit and credit as applied in accounting. | Discusses the role of debit and credit as applied in accounting. | Discusses the role of debit and credit as applied in accounting by describing each term’s use and user(s) and providing examples in a clear and concise manner. |
| Prepare a general journal for a corporate ownership business using appropriate financial data. |
Does not prepare a general journal for a corporate ownership business using appropriate financial data. | Prepares a general journal for a corporate ownership business with errors in the financial data. | Prepares a general journal for a corporate ownership business using appropriate financial data. | Prepares a general journal for a corporate ownership business using the correct financial data and computations. |
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