Grade Book - Represents all the work that you want to evaluate users on in a course. Grading System - Choose from Weighted, Formula, or Points systems. Grade Items - An Item is a column in the Grade Book. Grade Categories - A way to sort your grade items and create restrictions and conditions for grade items. Calculated Final Grade - The final grade calculated by the grade book. Cannot be adjusted. Adjusted Final Grade - The final grade calculated by the grade book but can be manually adjusted by the instructor.