Distinguished - Thoroughly and accurately completes the Cash Flow Statement Student Input Sheet.

Proficient - Completes the Cash Flow Statement Student Input Sheet. Minor details are unclear or slightly inaccurate.

Basic - Partially completes the Cash Flow Statement Student Input Sheet. Relevant details are unclear and/or inaccurate.

Below Expectations - Attempts to complete the Cash Flow Statement Student Input Sheet; however, significant details are unclear and inaccurate.

Non-Performance - The completion of the Cash Flow Statement Student Input Sheet is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Accurately solves for the unknowns in the preceding schedule.

Proficient - Solves for the unknowns in the preceding schedule. Minor details are slightly inaccurate.

Basic - Partially Solves for the unknowns in the preceding schedule. Relevant details are inaccurate.

Below Expectations - Attempts to solve for the unknowns in the preceding schedule; however, significant details are inaccurate.

Non-Performance - The solution for the unknowns in the preceding schedule is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Accurately makes all entries related to the allowance for credit losses account for 20X0–20X2.

Proficient - Makes all entries related to the allowance for credit losses account for 20X0–20X2. Minor details are slightly inaccurate.

Basic - Makes some of the entries related to the allowance for credit losses account for 20X0–20X2. Relevant details are inaccurate.

Below Expectations - Attempts to makes some of the entries related to the allowance for credit losses account for 20X0–20X2; however, significant details are inaccurate.

Non-Performance -All the entries related to the allowance for credit losses account for 20X0–20X2 are either nonexistent or lack the components described in the assignment instructions.

Distinguished - Accurately makes all entries for bad debts for 20X0–20X2.

Proficient - Makes all entries for bad debts for 20X0–20X2. Minor details are slightly inaccurate.

Basic - Makes some of the entries for bad debts for 20X0–20X2. Relevant details are inaccurate.

Below Expectations - Attempts to make some of the entries for bad debts for 20X0–20X2; however, significant details are inaccurate.

Non-Performance - The entries for all bad debts for 20X0–20X2 are either nonexistent or lack the components described in the assignment instructions.

Distinguished - Thoroughly explains why GAAP require the allowance method over the direct write-off method.

Proficient - Proficient - Explains why GAAP require the allowance method over the direct write-off method. Minor details are missing.

Basic - Minimally explains why GAAP require the allowance method over the direct write-off method. Relevant details are missing.

Below Expectations - Attempts to explain why GAAP require the allowance method over the direct write-off method; however, significant details are missing.

Non-Performance - The explanation of why GAAP require the allowance method over the direct write-off method is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Accurately calculates the cumulative difference in reported pre-tax income under the allowance and direct write-off methods over the 20X0–20X2 period.

Proficient - Calculates the cumulative difference in reported pre-tax income under the allowance and direct write-off methods over the 20X0–20X2 period. Minor details are slightly inaccurate.

Basic - Minimally calculates the cumulative difference in reported pre-tax income under the allowance and direct write-off methods over the 20X0–20X2 period. Relevant details are inaccurate.

Below Expectations - Attempts to calculate the cumulative difference in reported pre-tax income under the allowance and direct write-off methods over the 20X0–20X2 period; however, significant details are inaccurate.

Non-Performance - The calculations of the cumulative difference in reported pre-tax income under the allowance and direct write-off methods over the 20X0–20X2 period. is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Clearly and accurately discusses what adjustment to the initial $400,000 credit loss expense might the CFO make in each of the four scenarios.

Proficient - Discusses what adjustment to the initial $400,000 credit loss expense might the CFO make in each of the four scenarios. Minor details are unclear or slightly inaccurate.

Basic - Minimally discusses what adjustment to the initial $400,000 credit loss expense might the CFO make to three of four of the scenarios. Relevant details are unclear and/or inaccurate.

Below Expectations - Attempts to discuss what adjustment to the initial $400,000 credit loss expense might the CFO make in one to four of the scenarios; however, significant details are unclear and inaccurate.

Non-Performance - The discussion of what adjustment to the initial $400,000 credit loss expense might the CFO make in each of the four scenarios is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Thoroughly explains what other scenarios can be identified in which managers might use the provision for bad debts to accomplish some contract-related strategy.

Proficient - Explains what other scenarios can be identified in which managers might use the provision for bad debts to accomplish some contract-related strategy. Minor details are missing.

Basic - Minimally explains what other scenarios can be identified in which managers might use the provision for bad debts to accomplish some contract-related strategy. Relevant details are missing.

Below Expectations - Attempts to explain what other scenarios can be identified in which managers might use the provision for bad debts to accomplish some contract-related strategy; however, significant details are missing.

Non-Performance - The explanation of what other scenarios can be identified in which managers might use the provision for bad debts to accomplish some contract-related strategy is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Clearly and accurately identifies other items in the financial statements that managers have the ability to “manage.”

Proficient - Identifies other items in the financial statements that managers have the ability to “manage.” Minor details are unclear or slightly inaccurate.

Basic - Vaguely identifies other items in the financial statements that managers have the ability to “manage.” Relevant details are slightly unclear and/or inaccurate.

Below Expectations - Attempts to Identifies other items in the financial statements that managers have the ability to “manage:” however, significant details are unclear and inaccurate.

Non-Performance - The identification of other items in the financial statements that managers have the ability to “manage” is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Accurately uses APA formatting consistently throughout the paper, title page, and reference page.

Proficient - Exhibits APA formatting throughout the paper. However, layout contains a few minor errors. 

Basic - Exhibits limited knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements. 

Below Expectations - Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - The length of the paper is equivalent to the required number of correctly formatted pages. 

Proficient - The length of the paper is nearly equivalent to the required number of correctly formatted pages. 

Basic - The length of the paper is equivalent to at least three quarters of the required number of correctly formatted pages.

Below Expectations - The length of the paper is equivalent to at least one half of the required number of correctly formatted pages.   

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.