Accounting and Finance Foundations

Unit 11

Accounting and Finance Foundations Unit 11: Financial Analysis 883

Financial Analysis

Evaluation Criteria

You must score a 3 or 4 on the scenario in order to pass this portion of the assessment.

Scoring Rubric

4

•    Completes  the comparative income  statement   correctly.

•    Makes  no  mathematical    errors.

•    Thoroughly explains    significance    of  changes in  sales,  cost    of  goods   sold,   gross   profit, 

total operating expenses, and net income.

•    Thoroughly identifies  and explains    the financial   analysis    method  used.

3

•    Completes  most    or  all of  the comparative income  statement   correctly.

•    Makes  few mathematical    errors.

•    Adequately explains    significance    of  changes in  sales,  cost    of  goods   sold,   gross   profit, 

total operating expenses, and net income.

•    Adequately identifies  and explains    the financial   analysis    method  used.

2

•    Completes  some    of  the comparative income  statement   correctly.

•    Makes  some    mathematical    errors.

•    Provides   limited explanation of  significance    of  changes in  sales,  cost    of  goods   sold,   

gross profit, total operating expenses, and net income.

•    Provides   limited explanation of  the financial   analysis    method  used.

1

•    Completes  the comparative income  statement   incorrectly.

•    Makes  numerous    mathematical    errors.

•    Provides   little  or  no  explanation of  significance    of  changes in  sales,  cost    of  goods   

sold, gross profit, total operating expenses, and net income.

•    Provides   little  or  no  explanation of  the financial   analysis    method  used.

Open-Response Unit Assessment S/T Guide