MARKING GUIDE: ASS Steps 3-6 (ACCT11081)
Here is a Marking Example: MARKING EXAMPLE ASS Steps 3-6 (ACCT11081)
For some of the steps, use
Copy the Marking Example at the end of the student’s Word Document; and adjust the marks and comments to suit the particular student.
Grades will be allocated to the Assignment as follows:
| Mark | Your Mark | |
| Step 3 (3 marks) | ||
| Background information on company | 1 | |
| Comments/KCQs | 1 | |
| Discussion with others | 1 | |
| Step 4 | ||
| The recording process | 5 | |
| Step 5 (6 marks) | ||
| Trial Balance | 4 | |
| Individual reflections | 1 | |
| Discussion with others | 1 | |
| Step 6 | ||
| Individual feedback with others | 2 | |
| TOTAL | 16 |
Step 3
- Background information on company:
1 marks:
Describes the company’s activities quite well. This may include links to their blogs, links to the company’s website, news articles etc.
0.5 mark: Limited description of the company
0 marks: No description of the company.
- Comments/KCQs:
1 mark:
Communicates their opinions, supporting their reactions with evidence from their own prior knowledge and previous experience and of others in the unit. May also communicate personally significant insights and engagement with their firm and with their firm’s annual report. Gives a strong, thoughtful description of their firm.
0.5 marks:
Communicates their opinions, with very limited (if any) support (for example, from their prior knowledge and previous experience). Gives a reasonable description of their firm. They give only limited (if any) evidence they have discussed with other students in the unit about their firms. IT is expected most students will get 0.5 marks.
0 marks: Very limited description of their firm or leaves it blank.
- Discussion with others:
1 mark:
Gives evidence of having discussed with others and/or commented on some other people’s blogs. Comments on how useful (or not useful) they found discussing with others was to them.
0.5 marks:
Gives limited evidence of having discussed with others and/or commented on some other people’s blogs.
0 mark: Leaves it blank (or largely blank).
Mark this aspect generously. Quite a few people may get 1 mark with the rest 0.5 marks (except if they left it blank or largely blank).
Step 4 (5 marks)
Classifying transactions (1.5 marks)
1.5 marks:
Recorded transactions and categorised transactions effectively into a chart of accounts.
1 mark:
Recorded transactions and categorised transactions into a chart of accounts, but with some limitations or errors.
0.5 marks: Recorded some transactions but not categorise into a chart of accounts
0 marks: Not attempted; or seriously deficient.
Income Statement (1.5 marks)
1.5 marks:
Prepared an Income Statement, with headings and items of income and expenses correctly linked and calculated from their spreadsheet of personal transactions; and calculated profit/loss correctly.
1 mark:
Prepared an Income Statement, linking to items from their spreadsheet of personal transactions; but with some errors or omissions.
0.5 marks:
Prepared an Income Statement but did not link it to items from their spreadsheet of personal transactions and/or made significant errors or omissions.
0 marks: Not attempted or seriously deficient.
Thoughts, KCQs and responses to questions (2 marks)
2 Marks
Communicated personally significant insights and engagement with the recording process, including responses to the questions (rare)
1.5 marks
You communicated your understanding of some of the key concepts in your own words. You also communicated your opinions and reactions to some of the key concepts, with some support and evidence from your prior knowledge and previous experience.
1.25 marks
You described some of the key concepts in your own words. You also communicated your opinions and responses to some of the key concepts, with limited support from your prior knowledge and previous experience.
1 mark
Superficially discuss the concepts and/or simply summarise material about the recording process.
0-0.5 marks Nit attempted or incomplete in significant respects
Step 5 (6 marks)
- Trial Balance
4 marks
Enter all your firm’s assets, liabilities, equity, revenue and expenses items in the Trial Balance spreadsheet and link to the Trial Balance columns in the spreadsheet – and it balances. Quite a few people could get 4/4 for this part of Step 5
3 marks Has a small number of errors.
2 marks Has quite a few errors.
1 mark A bit of a mess.
0 marks Incomplete in significant respects.
- Individual reflections
1 mark
Insightful and thoughtful comments and what they have learnt from this Step.
0.5 marks Limited comments
0 marks Not attempted; or minimal comments
- Discussion with others
1 mark
Insightful and thoughtful comments about what they gained (or did not gain) from discussions with others about the trial balance task.
0.5 marks Limited comments
0 marks Not attempted; or minimal comments
Step 6
2 marks
Provides thoughtful and considered feedback to three other students (fairly rare).
1.5 marks
Provides reasonable quality feedback to three other students (OR thoughtful and considered feedback to only two other students).
1 mark Provides limited feedback to two or fewer students
0 mark Provides little or no feedback
When you have marked each Step, calculate the total mark and consider whether the total mark looks reasonable.
To help you do this, here is the letter grade that is equivalent to each mark out of 16:
| 8 | 50% | P |
| 9 | 56% | |
| 10 | 63% | |
| 10.5 | 66% | C |
| 11 | 69% | |
| 12 | 75% | D |
| 13 | 81% | |
| 13.5 | 84% | HD |
| 14 | 88% | |
| 15 | 94% |
We do not expect to have a lot of HD’s – say 5-10% of students. However, we do mark each student’s work on its merits, so the proportion of HDs, for example, may vary from term to term.
When finished marking – loading marks and feedback files onto Moodle:
- When you have finished marking the student’s assignment, attach the student’s Word document with your feedback and marks in the Response files section. Click on Add, then Upload a file, then click on Browse to locate the feedback file you wish to attach and then click on Upload this file.
- Add some further words in the Feedback box, including the student’s name. For example: “Hi Fred, Your feedback is in the attached file. Regards, Martin”.
- Include the student’s grade in the Grade box.
- Also, make sure the Send notifications box is ticked (this will ensure the student receives an email that their assignment has been marked).
- Then click on Save changes. This completes the marking task for that student.
Note: Marking time of 3 students/hour has been allocated to marking ASS Steps 3-6 (i.e. 20 minutes/student).
Regards,
Martin Turner
Course Co-ordinator
Martin Turner Accounting 