Assessment Rubric PRBA001

ASSESSMENT 2: Case Studies

In Parts A and B, students will do some research and advice on particular issues. The assignment in Part C is based upon the accounting concepts and procedures to prepare and present financial reports. Students are required to assess if the Company is a reporting entity or not and are required to prepare the financial reports such as the statement of financial position (balance sheet), statement of comprehensive income and the statement of changes in equity. Criteria High Distinction >85% Significant accuracy in calculations. Excellent ability to correctly apply accounting techniques. Demonstrates excellent ability to understand and analyse the accounting information produced. Distinction >75%< 85% High degree of accuracy in calculations. Good ability to correctly apply accounting techniques. Demonstrates good ability to understand and analyse the accounting information produced. Credit >60% <75% Reasonable degree of accuracy in calculations. Reasonable ability to correctly apply accounting techniques. Demonstrates reasonable ability to understand and analyse the accounting information produced. Reasonable ability to communicate accounting information and its implications to nonaccountants, such that the communication would be useful to managers in exercising their duties. Pass >50% < 60% Inaccurate results due to errors in calculations or limited ability to apply accounting techniques. Demonstrates limited ability to understand and analyse the accounting information produced. Fail <50% Significant errors in calculations and little or no aptitude for applying accounting techniques. Little or no ability to understand and analyse the accounting information that has been produced.

Accounting procedure and analysis skills

Client Communications

Outstanding ability to communicate accounting information and its implications to nonaccountants, such that the communication would be useful to managers in exercising their duties.

Good ability to communicate accounting information and its implications to nonaccountants, such that the communication would be useful to managers in exercising their duties.

Limited ability to communicate accounting information and its implications to nonaccountants, such that the communication would be useful to managers in exercising their duties.

Lacks the ability to communicate accounting information and its implications to nonaccountants, such that the communication would be useful to managers in exercising their duties.

Accessing and summarising resources

Evidence of broad, systematic and creative research. Demonstrates skilful use of high quality, credible, relevant sources. Selection of sources goes beyond the mainstream literature. An excellent summary of relevant data.

Evidence of controlled and systematic research. Demonstrates selection of credible, relevant sources from relevant, quality literature. Accurate summary of relevant data

Evidence of good research skills. Demonstrates an attempt to use credible and/or relevant sources. Information is gathered from a good range of electronic and non-electronic sources but could be extended. Summary of data could be improved.

Research conducted demonstrates an attempt to use credible and/or relevant sources. Information is gathered from a limited range of electronic and nonelectronic sources Some capacity to summarise data

Limited research skills demonstrated. Very limited range of sources utilised. Lack of demonstrated ability to summarise data.

Acknowledging resources

Wide range of sources accurately reference.

Good range of sources with minor errors in referencing. Good demonstration of the capacity to summarise and critically analyse information, formulate own conclusions.

Reasonable range of sources, some referencing errors. Reasonable summary and analysis of information. Able to draw warranted conclusions and generalisations.

Limited resources with a number of errors in referencing. Limited ability to interpret data, appraise evidence or evaluate arguments. Inadequate conclusion. Conclusion inconsistent with the argument built in the analysis. Limited ability to construct a sound and consistent argument. Writing style should be improved. Mark-earning content reduced due to padding with tautology and

Insufficient or poor sources with major errors in referencing. No critical analysis of information, poor conclusions and no original thought.

Analysis

Excellent ability to summarise and interpret multisourced data, to appraise evidence, evaluate arguments and to formulate and express very sound conclusions. Outstanding ability to construct a sound and consistent argument. Concise writing style totally lacking in verbosity of any form.

Academic Communication

Good ability to construct a sound and consistent argument. Concise writing style with little tautology or repetition. No colloquialisms.

Reasonable ability to construct a sound and consistent argument. Reasonable writing style. Should reduce the incidents of padding with tautology and repetition. May have

Limited understanding of accounting concepts demonstrated. Mainly descriptive report Lack of assignment focused content, significant verbiage.

tendency to use colloquialisms. Overview of English skills Structure Logic Mechanics Well-constructed assignment: appropriate, clear, and smooth transitions; arrangement of organisational elements seems particularly apt. Uses sophisticated sentences effectively; usually chooses words aptly; observes professional conventions of written English and report format; free of spelling, grammatical, punctuation and typing errors. Well written and presented assignment: distinct units of thought in paragraphs; clear transitions between developed, coherent, and logically arranged paragraphs; a few mechanical difficulties or stylistic problems; may make occasional problematic word choices or syntax errors; a few spelling or punctuation errors or a clich; uses appropriate report format. Reasonably written and presented: some awkward transitions; some brief, weakly unified or undeveloped paragraphs; arrangement may not appear entirely natural; contains extraneous information; more frequent wordiness; unclear or awkward sentences; imprecise use of words or overreliance on passive voice; some distracting grammatical errors; some spelling, punctuation and typing errors.

repetition. Uses colloquialisms. Not consistently logically structured: narrates; digresses from one topic to another; awkward use of words, numerous errors in style and presentation including spelling punctuation and grammar. Simplistic, tends to narrate or merely summarise; illogical arrangement of ideas some major grammatical or proofreading errors; language frequently weakened by clichs, colloquialisms, repeated inexact word choices.