Accounting and Finance Foundations

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.