Unit 5
Accounting and Finance Foundations Unit 5: Accounting Terminology 437
Accounting TerminologyOpen-Response Unit Assessment S/T Guide
Evaluation Criteria
You must score a 3 or 4 on the scenario in order to pass this portion of the assessment.
Scoring Rubric
4
• Inputs all of the business transactions into the T accounts correctly.
• Thoroughly explains all 12 US GAAP standards.
• Well organized and communicated effectively.
3
• Inputs most of the business transactions into the T accounts correctly.
• Adequately explains most or all of the 12 US GAAP standards.
• Generally well organized and communicated effectively.
2
• Inputs some of the business transactions into the T accounts correctly.
• Somewhat explains some of the 12 US GAAP standards.
• Limited organization and communication of content.
1
• Inputs most or all of the business transactions into the T accounts incorrectly.
• Provides little or no explanation of the 12 US GAAP standards.
• Little or no organization with ineffective communication.