But in many schools the grade does only reflect content mastery as demonstrated through formal assessments. The formative assessments such as homework, classwork, and quizzes are given while understanding is being formed...which is why I don't think they should be reported for official grades. They're still learning. I do think an end of course final grade is supposed to indicate how much a student knows or doesn't know about the subject. I will add, though, that I think things such as behavior and completing tasks on time are extremely important, so I love when schools have a separate area on report cards for such things.