Evaluation Rubric for Accounting Report

This rubric may be used for self-assessment and peer feedback. The project grade will be based upon the following evaluation scale:

A - Exemplary: 80-100 pointsC & D - Partially Proficient or Incomplete: 50-69 points
B - Proficient: 70-79 pointsF – Unsatisfactory: less than 50 points
MP Rubric

ACTIVITY / Level 4 - A / Level 3 - B / Level 2 - C / Level 1 - D / Level 0 - F / POINTS
KNOWLEDGE / UNDERSTANDING / Sales Projection / Excellent understanding of projections shown.
Very clear presentation and documentation. / Plausible projections shown.
Clearly explained and documented. / Projections shown.
Some explanation and logic documented. / Projections shown.
Minimal explanation shown. / Projections shown.
Minimal explanation shown.
Operations / Resources / Provision of Product or Service / Excellent and complete plan.
All points (Layout, location, resources, materials, hours, employees) incorporated in plan showing excellent feasibility of providing product or service. / Plan is clear and complete.
All points (Layout, location, resources, materials, hours, employees) clearly incorporated in plan in a logical manner. / Plan is complete.
Most points (Layout, location, resources, materials, hours, employees ) incorporated in plan in a logical manner. / Plan exists.
Some points (Layout, location, resources, materials, hours, employees) incorporated in plan. / Plan exists.
Some points (Layout, location, resources, materials, hours, employees) incorporated in plan.
Research /
Appendices / Outstanding, creative and professional supplementary information included and cross-referenced, such as marketing statistics, analysis, cost information, technical information, website detail, charts, graphs etc. / Complete and relevant supplementary information included and cross-referenced to the plan. / Most relevant supplementary information included with some cross-referencing to the plan. / Minimal relevant supplementary information included.
Little cross-referencing to the plan. / Minimal relevant supplementary information included.
Little cross-referencing to the plan.
THINKING / INQUIRY / Finance:
Balance Sheets / Flawless opening and closing balance sheets for one year.
Professional presentation style. / Neat and detailed.
All important elements identified and make sense.
Clear presentation style. / Logical and neat.
The numbers work properly.
Most elements make sense. / Some attention to neatness and logic.
Minimal inclusion of detail.
Some elements make sense. / Some attention to neatness and logic.
Minimal inclusion of detail.
Some elements make sense.
Finance:
Income Statements / Flawless Income Statements.
Q1,2,3 &4 projections included and fit superbly for all elements of the statements.
Projections are well documented.
Professional presentation style / Neat and detailed.
Q1,2,3 &4 projections included and make sense for most elements of the statements.
Projections are plausible.
Clear presentation style. / Logical and neat.
Q1,2,3 & 4 projections included.
Some fit between projection sequence.
Some elements make sense. / Some attention to neatness and logic.
Some attempt to include projections for all 4 quarters.
Minimal inclusion of detail.
A few elements make sense. / Some attention to neatness and logic.
Some attempt to include projections for all 4 quarters.
Minimal inclusion of detail.
A few elements make sense.
COMMUNICATION / Refers to most or all of the required points in the report outline
Explains the business and financial plans eloquently and in a way that would inspire confidence in a potential investor / Refers to most of the required points in the report outline
Explains the business and financial plans insightfully / Refers to several of the required points in the report outline
Explains the business and financial plans with moderate clarity / Refers to few of the required points in the report outline
Explains the business and financial plans with limited clarity / Refers to very few of the required points in the report outline
Explains the business and financial plans with very little clarity.
APPLICATION / Uses an exceptionally insightful analysis of the business to produce highly convincing financial statements, containing all important elements. / Uses an insightful analysis of the business to produce convincing financial statements, containing most important elements. / Uses some analysis of the business to produce financial statements, containing some important elements. / Uses little analysis of the business to produce financial statements, containing few important elements. / Uses very little analysis of the business to produce inadequate financial statements, containing very few important elements.
COMMENTS AND OVERALL RATING

NOTICE TO TRADE SHOW TEAMS:

To obtain full marks, each partner must prepare and submit half of the required sections of the financial plan. Partners are required to sign of the following table for the areas they are agreeing to prepare and submit on behalf of their team. Each partner must submit approximately half the work in order to obtain full marks on this assignment.

FinancialReport Project – Work Allocation Table

Task / Partner #1 / Partner #2
Names:
Financial Objectives
Targeted Revenues and growth % for the first 3 years.
Income estimates including Gross Margin and Return on Sales %’s.
How long until your new business is profitable.
Business Operations
Layout of work areas, offices, factory and storage areas.
What Assets will you need start up the business ($100,000 limit).
Where will you get your start up costs from (Debt and/or Equity). Include calculation of Interest costs if you plan to have debt.
Location of your facility including your related occupancy costs.
Materials needed to make your product or deliver your service. Include estimated costs.
Employees required to make your product, or deliver your service. Include wages and benefit costs, hours of operation and estimates of quarterly and annual costs.
Income Statements
Projections are well documented with research and realistic assumptions.
Flawless Income Statements in good form.
Q1,2,3 &4 projections included.
All elements fit superbly and seem reasonable and realistic.
Professional Presentation Style.
Balance Sheets
Projections are well documented with research and realistic assumptions.
Flawless Balance Sheets in good form. Opening and Closing Statements for year one.
All elements fit superbly and seem reasonable and realistic.
Professional Presentation Style.
Other considerations:
Ensure your plan has an opening and closing Balance Sheet.
Ensure your opening Total Assets are not greater than $100,000.
Ensure you have solid assumptions for Revenues, Expenses, Assets and Liabilities.
Do you have supporting research for your Revenues, Expenses, Assets and Liabilities?
Calculations of GM%, ROS %, Working Capital, Liquidity Ratios along with commentaryexplaining your financial statements and your assumptions.

BBI10 - Unit 3 – Financial Report

Financing and Accounting for Your Trade Show Business

As a member of a partnership preparing a business for the upcoming HTS Trade Show, you are required to develop a Financial Plan and Financial Statements to ensure your business attracts interest from investors and banks. You must prove that you have adequate funding to effectively deliver the Business’s product or service to prospective customers. Your Financial Plan is a Business Report addressed to potential investors, ensuring them that your business has adequate capital to allow it to survive the start up period and grow and prosper into the future. In addition the Financial Plan allows potential investors to assess the reasonableness of your projections of Revenues and Expenses as well as the realism of your estimates of Assets used and Liabilities incurred by the business while it is operating. Use the following structure for your report:

  • Open with a statement of your Financial Objectives
  • Targeted Revenues and growth % for the first 3 years.
  • Income estimates including Gross Margin and Return on Sales %’s.
  • How long until your new business is profitable.
  • Discuss how your Business Operations considering the following factors:
  • Layout of work areas, offices, factory and storage areas
  • What Assets will you need start up the business ($100,000 limit)
  • Where will you get your start up costs from (Debt and/or Equity). Include calculation of Interest costs if you plan to have debt.
  • Location of your facility including your related occupancy costs
  • Materials needed to make your product or deliver your service. Include estimated costs
  • Employees required to make your product, or provide your service. Include wages and benefit costs, hours of operation and estimates of quarterly and annual costs.
  • Develop Projected Income Statements for your business.
  • Projections are well documented with research and realistic assumptions.
  • Flawless Income Statements in good form.
  • Q1,2,3 &4 projections included
  • All elements fit superbly and seem reasonable and realistic.
  • Professional Presentation Style
  • Develop estimated Opening and Closing Balance Sheets for the first year of your businesses operations.
  • Projections are well documented with research and realistic assumptions.
  • Flawless Balance Sheets in good form. Opening and Closing Statements for year one.
  • All elements fit superbly and seem reasonable and realistic.
  • Professional Presentation Style
  • Other considerations:
  • Ensure your plan has an opening and closing Balance Sheet
  • Ensure your opening Total Assets are not greater than $100,000.
  • Ensure you have solid assumptions for Revenues, Expenses, Assets and Liabilities.
  • Do you have supporting research for your Revenues, Expenses, Assets and Liabilities.
  • Calculations of GM%, ROS %, Working Capital, Liquidity Ratios along with commentary, explaining your financial statements and your assumptions.