Accounting and Finance Foundations

Unit 12

Accounting and Finance Foundations Unit 12: Budgeting and Business Plans 964

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 budgeting   sheet   correctly.

•    Makes  no  mathematical    errors.

•    Thoroughly explains    methods for cutting discretionary   expenses    to  achieve savings goal.

•    Thoroughly explains    his/her chances of  saving  enough  for the Cancun  vacation.

3

•    Completes  most    or  all of  the budgeting   sheet   correctly.

•    Makes  few mathematical    errors.

•    Adequately explains    methods for cutting discretionary   expenses    to  achieve savings goal.

•    Adequately explains    his/her chances of  saving  enough  for the Cancun  vacation.

2

•    Completes  some    of  the budgeting   sheet   correctly.

•    Makes  some    mathematical    errors.

•    Provides   limited explanation of  methods for cutting discretionary   expenses    to  achieve savings goal.

•    Provides   limited explanation of  his/her chances of  saving  enough  for the Cancun  vacation.

1

•    Completes  the budgeting   sheet   incorrectly.

•    Makes  numerous    mathematical    errors.

•    Provides   little  or  no  explanation of  methods for cutting discretionary   expenses    to  achieve 

savings goal.

•    Provides   little  or  no  explanation of  his/her chances of  saving  enough  for the Cancun  vacation.

Open-Response Unit Assessment S/T Guide