2024 Semester 2 ACCT110 Financial Reporting & Analysis: Assignment rubric (45 marks will be scaled to 15% of course assessments)
Outstanding Very Good Meets Expectations Below Expectations Well Below Expectations
Journal entries All of the transactions of the company
have been correctly journalised with
no errors or only a minor error.
Most of the transactions of the
company have been correctly
journalised with few errors.
An adequate number of the
transactions of the company have
been correctly journalised.
Some of the transactions of the
company have been correctly
journalised.
Few or none of the
transactions of the company
have been correctly
journalised.
Marks /14 13-14 10-12 7-9 4-6 0-3
General ledger accounts and
trial balance
All of the general ledger account
balances are correct with no errors or
only minor errors and the trial balance
is in the correct format.
Most of the general ledger
account balances are correct
with few errors and the trial
balance is in the correct format.
An adequate number of the
general ledger account balances
are correct and the trial balance is
in a reasonable format with a few
errors.
Some of the general ledger account
balances are correct and the trial
balance is in a fair format.
Few or none of the general
ledger account balances are
correct and the trial balance
is in a poor format.
Marks /18 16-18 13-15 9-12 4-7 0-3
Preparation of the statement
of profit and loss, retained
earnings and statement of
financial position.
All of the balances have been
correctly categorised and the
statements are in the correct format.
Most of the balances have been
correctly categorised with few
errors and the statements are
mainly in the correct format.
An adequate number of the
balances have been correctly
categorised and the statements are
in a reasonable format with a few
errors.
Some of the balances have been
correctly categorised and the
statements are in a fair format.
Few or none of the balances
have been correctly
categorised and the
statements are in a poor
format.
Marks/13 12-13 10-11 7-9 4-6 0-3
Total: 45 marks (which will be scaled back to 15% of the course)