ACCT 212
Week 6 Financial Accounting Worksheet
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ACCT 212 Week 6 Financial Accounting Worksheet
·
Complete requirements 4–10 on the
worksheets.
·
Type your work directly into the
worksheets.
·
Save your workbook as “Milestone
2_CourseProject_ ACCT212_YourName.”
·
Don’t forget to submit your
workbook by the end of Week 6.
·
In an effort to improve your
success in this course, you have the opportunity to resubmit your response to
this assignment for a better grade if you show proof of Tutor.com usage within
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Rubric
|
Criteria
|
Ratings
|
Pts
|
|
This criterion is linked to a Learning OutcomeStep 4: Adjusting Journal Entries
|
|
15 to
>13.0 ptsExcellent
Journal entries use accurate accounts
and amounts; and debits and credits are used correctly.
|
13 to
>12.0 ptsCompetent
Journal entries mostly use accurate
accounts and amounts; and debits and credits are used correctly.
|
12 to
>10.0 ptsFair
Journal entries have some errors in use
of accounts and amounts; and debits and credits are only somewhat used
correctly.
|
10 to
>8.0 ptsPoor
Journal entries have some errors in use
of accounts and amounts; and debits and credits are not used correctly
|
8 to
>0 ptsUnacceptable
The submission does not meet this
requirement.
|
|
15 pts
|
|
This criterion is linked to a Learning OutcomeStep 5 and Step 6: Posted and
Adjusted Trial Balance
|
|
15 to
>13.0 ptsExcellent
Posting is correct leading to an
accurate trial balance.
|
13 to
>12.0 ptsCompetent
Posting is mostly correct leading to a
mostly correct trial balance.
|
12 to
>10.0 ptsFair
Posting has several errors leading to a
trial balance with several errors.
|
10 to
>8.0 ptsPoor
Posting is done poorly or not at all,
leading to inaccurate or no trial balance.
|
8 to
>0 ptsUnacceptable
The submission does not meet this
requirement.
|
|
15 pts
|
|
This criterion is linked to a Learning OutcomeStep 7.1: Income Statement
|
|
10 to
>9.0 ptsExcellent
The income statement is prepared
completely and accurately.
|
9 to
>8.0 ptsCompetent
The income statement is prepared
accurately, but may have some minor errors.
|
8 to
>7.0 ptsFair
The income statement is prepared with
several errors.
|
7 to
>6.0 ptsPoor
The income statement is prepared with
significant errors.
|
6 to
>0 ptsUnacceptable
The submission does not meet this
requirement.
|
|
10 pts
|
|
This criterion is linked to a Learning OutcomeStep 7.2: Retained Earnings
Statement
|
|
6 to
>5.0 ptsExcellent
The retained earnings statement is
prepared completely and accurately.
|
5 to
>4.0 ptsCompetent
The retained earnings statement is
prepared accurately, but may have some minor errors.
|
4 to
>3.0 ptsFair
The retained earnings statement is
prepared with several errors.
|
3 to
>2.0 ptsPoor
The retained earnings statement is
prepared with significant errors.
|
2 to
>0 ptsUnacceptable
The submission does not meet this
requirement.
|
|
6 pts
|
|
This criterion is linked to a Learning OutcomeStep 7.3: Balance Sheet
|
|
15 to
>13.0 ptsExcellent
The balance sheet is prepared completely
and accurately.
|
13 to
>12.0 ptsCompetent
The balance sheet is prepared accurately
and mostly, but may have some minor errors.
|
12 to
>10.0 ptsFair
The balance sheet is prepared with
several errors.
|
10 to
>8.0 ptsPoor
The balance sheet is prepared with
significant errors.
|
8 to
>0 ptsUnacceptable
The submission does not meet this
requirement.
|
|
15 pts
|
|
This criterion is linked to a Learning OutcomeStep 8: Closing Journal Entries
|
|
20 to
>18.0 ptsExcellent
Journal entries use accurate accounts
and amounts; and debits and credits are used correctly.
|
18 to
>16.0 ptsCompetent
Journal entries mostly use accurate
accounts and amounts; and debits and credits are used correctly.
|
16 to
>14.0 ptsFair
Journal entries have some errors in use
of accounts and amounts; and debits and credits are only somewhat used
correctly.
|
14 to
>12.0 ptsPoor
Journal entries have some errors in use
of accounts and amounts; and debits and credits are not used correctly.
|
12 to
>0 ptsUnacceptable
The submission does not meet this
requirement.
|
|
20 pts
|
|
This criterion is linked to a Learning OutcomeStep 9 and Step 10: Posted and
Post-closing Trial Balance
|
|
15 to
>13.0 ptsExcellent
Posting is correct leading to an
accurate trial balance.
|
13 to
>12.0 ptsCompetent
Posting is mostly correct leading to a
mostly correct trial balance.
|
12 to
>10.0 ptsFair
Posting has several errors leading to a
trial balance with several errors.
|
10 to
>8.0 ptsPoor
Posting is done poorly or not at all,
leading to inaccurate trial balance, or no trial balance was prepared.
|
8 to
>0 ptsUnacceptable
The submission does not meet this
requirement.
|
|
15 pts
|
|
This criterion is linked to a Learning OutcomeBM.UGB.ACCT212.CO3.Adjusting-ClosingACCT212 CO 3: Analyze and record adjusting and closing journal
entries in accordance with the accrual basis of accounting.
threshold: 3.0 pts
|
|
4 ptsExcellent: The
student’s submission fully and properly analyzes the adjusting information,
resulting in an accurate adjusted trial balance and financial statements.
The submission also contains closing entries that are fully and accurately
prepared, resulting in an accurate post-closing trial balance.
|
3 ptsCompetent: The
student’s submission analyzes the adjusting information, resulting in a
mostly accurate adjusted trial balance and financial statements. The
submission also contains closing entries that are accurately prepared,
resulting in a mostly accurate post-closing trial balance.
|
2 ptsFair: The student’s
submission demonstrates analysis of the adjusting information and the
preparation of an adjusted trial balance and financial statements, although
several errors exist. The closing entries are prepared with several errors,
resulting in the completion of a post-closing trial balance, that has
limited accuracy.
|
1 ptsPoor: The student’s
submission demonstrates limited analysis of the adjusting information and
the preparation of an adjusted trial balance and financial statements,
however significant errors exist. The closing entries are prepared with
significant errors, resulting in an inaccurate post-closing trial balance.
|
0 ptsUnacceptable: The
student’s submission does not meet the criteria of the outcome.
|
|
4 pts
|
|
Total Points: 100
|
