MARKING GUIDE: ASS Steps 7-11 (ACCT11081)

 

Grades will be allocated to the Assignment as follows: 

Step 7    
Inventory   5
Step 8  (5 marks)    
MYOB set up 2  
MYOB training 2  
MYOB quiz 1 5
Step 9  (8 marks)    
Business transactions  2  
All Journals report 3  
Financials and discussion 3 8
Step 10    
Depreciation   5
Step 11    
Individual feedback with others   2
TOTAL   25

 

Breakdown of marking criteria for Step 7:

2 marks: Key concepts

2 marks: Disclosures

1 mark: Other comments

The amount of disclosure by different companies may vary significantly. This is fine. Mark based on the quality of the answers in identifying information from the footnotes, commenting on the various disclosures and other comments.

 

Breakdown of marking criteria for Step 8:

2 marks: for successfully completing the initial set up of MYOB (screen shot) (award 1 mark if they have made a note about completing it, or had technical trouble and couldn’t complete the screen shot).

2 marks: for successfully completing the training of MYOB (screen shot) (award 1 mark if they have made a note about completing it, or had technical trouble and couldn’t complete the screen shot).

1 mark: for including a screen shot of their quiz results (no marks for no screen shot).

 

Breakdown of marking criteria for Step 9:

1. Creates a set of business transactions:

2 marks:          Creates a comprehensive set of realistic business transactions, related to their company.

1 mark :           Creates a limited set of business transactions

0 marks:          Creates no business transactions.

2. Recording of transactions:

3 marks:          Provides the All Journals report clearly showing all transactions recorded in a correct manner.

2 marks:          Provides the All Journals report showing transactions mostly recorded correctly.

1 mark:            Provides the All Journals report showing transactions recorded with many errors.

0 marks:          Leaves it blank.

3.  Discussion on reports:

3 marks:          Produces a full set of financial statements (IS, BS, CFS) and provides comprehensive analysis and discussion on these, including holistic discussion as well as to each individual statement. (rare to get 3/3)

2.5 marks:       Produces a full set of financial statements (IS, BS, CFS) and provides good analysis and discussion on these, including holistic discussion as well as to each individual statement.

2 marks:          Produces a full set of financial statements (IS, BS, CFS) and provides some analysis and discussion on these; or produces only two financial statements with good analysis and discussion.

1.5 marks: Produces two financial statements (IS, BS, CFS) and provides some analysis and discussion on these.

1 mark:            Limited discussion and/or limited reports produced.

0 mark:            Leaves it blank (or largely blank).

 

Breakdown of marking criteria for Step 10:

3.5 marks: Comments

1.5 marks: Three journal entries (0.5 marks each)

The amount of disclosure by different companies may vary significantly. This is fine. Mark based on the quality of the answers in identifying information from the footnotes, commenting on the various disclosures and other comments.

As further guidance for marking, the total mark out of 5 may likely be as follows (you can also use these words for written feedback for this Step, adjusted slightly for a student as relevant):

5 marks: Provides comprehensive, thorough and quality discussion regarding depreciation, providing new insights into the material. Provides correct journal entries, relevant to their firm and provides the correct description of effect on financial statements. Well set out and presented.

4 marks: Provides good discussion surrounding depreciation, with correct journal entries relevant to their firm. Correct description of effect on financial statements. Quite well set out and presented.

3 marks: Provides average discussion surrounding depreciation, with correct journal entries relevant to their firm. Correct description of effect on financial statements. Reasonably well set out and presented.

2 marks: Provides basic discussion surrounding depreciation, with mostly correct journal entries relevant to their firm. May have some errors in description of effect on financial statements.

1 marks: Very minimal discussion, no journal entries presented or discussed.

0 marks: Provides a limited discussion or leaves it blank (or largely blank).

 

 Breakdown of marking criteria for Step 11:

2 marks:          Provides thoughtful and considered feedback to three other students; provides thorough discussion on the usefulness of feedback. (will be rare)

1.5 marks:       Provides reasonable quality feedback to three other students and average discussion on the usefulness of feedback.

1 mark:            Provides limited feedback to two or fewer students and limited or no discussion on the usefulness of feedback.

0 mark:            Provides little or no feedback/discussion.

 

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 25: 

13 52% P
14 56%  
15 60%  
16 64% C
17 68%  
18 72%
19 76% D
20 80%
21 84% HD
22 88%  
23 92%

 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.

Any marks of 23/25 or more need to be first cleared with me before posting to Moodle.

 When finished marking – loading marks and feedback files onto Moodle:

  1. 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.
  2. 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”.
  3. Include the student’s grade in the Grade box.
  4. Also, make sure the Send notifications box is ticked (this will ensure the student receives an email that their assignment has been marked).
  5. Then click on Save changes. This completes the marking task for that student.

 

Regards,

Martin Turner

Course Co-ordinator

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