Prepare a general journal for a company using appropriate financial data.
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Does not prepare a general journal for a company using appropriate financial data. |
Prepares a general journal for a company with errors in the financial data. |
Prepares a general journal for a company using appropriate financial data. |
Prepares a general journal for a company using the correct financial data and computations. |
Apply knowledge of business accounting terminology by describing each term.
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Does not demonstrate knowledge of business accounting terminology. |
Demonstrates knowledge of business accounting terminology with errors in interpretation. |
Applies knowledge of business accounting terminology by describing each term. |
Applies knowledge of business accounting terminology by describing each term’s use and user(s) and providing examples in a clear and concise manner. |
Describe the internal and external users for accounting data.
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Does not identify the internal and external users for accounting data. |
Identifies the internal and external users for accounting data. |
Describes the internal and external users for accounting data. |
Describes the internal and external users for accounting data and provides examples in a clear and concise manner. |
Describe the role ethics has in the operation of an accounting system.
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Does not identify the role ethics has in the operation of an accounting system. |
Identifies the role ethics has in the operation of an accounting system but demonstrates an incomplete understanding of the role of ethics. |
Describes the role ethics has in the operation of an accounting system. |
Describes the role ethics has in the operation of an accounting system. The description is articulate and demonstrates a thorough and insightful understanding of ethical issues. |
Describe the purpose of accounting conventions prescribed by law, regulators, and accounting.
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Does not identify the purpose of accounting conventions prescribed by law, regulators, and accounting. |
Identifies the purpose of accounting conventions prescribed by law, regulators, and accounting. |
Describes the purpose of accounting conventions prescribed by law, regulators, and accounting. |
Describes the purpose of accounting conventions prescribed by law, regulators, and accounting by providing examples in a clear and concise manner. |
Describe the three main financial statements used in an accounting system.
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Does not identify the main financial statements used in an accounting system. |
Identifies the main financial statements used in an accounting system. |
Describes the main financial statements used in an accounting system. |
Describes the main financial statements used in an accounting system by describing each term’s use and user(s) and providing examples in a clear and concise manner. |
Discuss the role of debit and credit as applied in accounting.
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Does not identify the role of debit and credit as applied in accounting. |
Identifies the role of debit and credit as applied in accounting. |
Discusses the role of debit and credit as applied in accounting. |
Discusses the role of debit and credit as applied in accounting by describing each term’s use and user(s) and providing examples in a clear and concise manner. |
Prepare a general journal for a corporate ownership business using appropriate financial data.
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Does not prepare a general journal for a corporate ownership business using appropriate financial data. |
Prepares a general journal for a corporate ownership business with errors in the financial data. |
Prepares a general journal for a corporate ownership business using appropriate financial data. |
Prepares a general journal for a corporate ownership business using the correct financial data and computations. |
