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    The document provides a rubric for evaluating a master budget assignment with criteria including accuracy of financial data, compliance with accounting standards, completeness, consistency, income statement presentation, and balance sheet presentation. Points are allocated to each criteria, with the maximum total points being 100. The rubric was prepared by the FABM 2 teacher Ranrave B Budlao.

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    The document provides a rubric for evaluating a master budget assignment with criteria including accuracy of financial data, compliance with accounting standards, completeness, consistency, income statement presentation, and balance sheet presentation. Points are allocated to each criteria, with the maximum total points being 100. The rubric was prepared by the FABM 2 teacher Ranrave B Budlao.

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    8 views2 pages

    ACC 02 Master Budget Quiz

    Uploaded by

    autida.carlouiedonn
    The document provides a rubric for evaluating a master budget assignment with criteria including accuracy of financial data, compliance with accounting standards, completeness, consistency, income statement presentation, and balance sheet presentation. Points are allocated to each criteria, with the maximum total points being 100. The rubric was prepared by the FABM 2 teacher Ranrave B Budlao.

    Copyright:

    © All Rights Reserved
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    of 2

    ACCOUNTANCY, BUSINESS, AND MANAGEMENT

    FIRST SEMESTER A.Y 2023-2024


    FUNDAMENTALS OF ACCOUNTANCY, BUSINESS, AND MANAGEMENT 02
    Take Home Quiz

    MASTER BUDGET

    RUBRIC

    CRITERIA POINTS SCORE

    Accuracy of Financial Data

    -All financial data, including


    numbers and calculations,
    should be accurate. 15

    -Cross-referencing with
    supporting documentation
    and external sources.

    Compliance with
    Accounting Standards

    -Adherence to relevant
    accounting principles and
    standards (e.g., GAAP or 20
    IFRS).

    -Proper application of
    accounting policies.

    Completeness

    -Inclusion of all necessary


    financial information.
    15
    -No material omissions in the
    financial statements.

    Consistency

    -Consistency in the 10
    application of accounting
    methods and presentation
    formats.

    -Comparability with previous


    periods.

    Income Statement

    -Clear presentation of
    revenues, expenses, gains,
    and losses. 20

    -Proper classification of
    operating and non-operating
    items.

    Balance Sheet

    -Accurate representation of
    assets, liabilities, and equity.

    -Clear classification between 20


    current and non-current
    items.

    TOTAL 100

    Prepared by: Ranrave B Budlao, JD


    FABM 2 Teacher

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