Abstract: The subject of this research is the system for assessing academic performance of Bachelor’s degree students. The goal is to improve this system namely increase the accuracy of the results, motivation and engagement of the participants in the performance review. The article employs the following empirical methods: research on this topic, modern trends in the system for assessing academic performance, development of the system of academic ratings, complication the assessment system due to inclusion of the results of social, cultural and sports activity of students in the overall rating. The central methods of obtaining information include observation and recitation of Bachelor’s degree students of the Russian university. Recommendations are formulated in accordance with the acquired data. The novelty lies in consideration of the system for assessing academic performance as the factor that determines the quality of education, as well as in development of recommendations for improving the assessment system. The result of the conducted research consists in recommendations on the form and content of performance review aimed at increasing the accuracy of the assessment system. The advantages of revision of the assessment system for beneficiaries (universities, students, and employers) are substantiated. The author analyzes the effectiveness of the strategies “assessment of academic performance” and “assessment for academic performance”, as well as the role of intermediary and final performance review for various beneficiaries. The conclusion is made on the need to continue the research of the assessment system and methods for its improvement, taking into account the new educational trends.