ProgramsIntegrated Accounting Capstone (Spring 2021)

Integrated Accounting Capstone (Spring 2021)

Program Overview
Program Title Integrated Accounting Capstone (Spring 2021)
Organization Saint Peter's University
Student Application Link https://capsource.app/program/integrated-accounting-capstone-spring-2021/rfp
# of Students Enrolled
22
# of Projects Running
2 Project/s Added (of Expected)

Program Timeline

Project Duration

Start Date: 09/14/20      End Date: 11/30/20

3 months
Collaboration Overview
About Students

Rook Accounting is asking students to conduct a series of accounting tasks and challenges to test their accounting software, identify issues or areas of concern, and make recommendations based upon their analysis.

Student Level:  

Student Time Commitment:   Full Time

Team Structure:   -

Program Goals
Format Structure

Single Project Single Team
Format Title Multiple Projects Multiple Teams
Format Description
Benefits For Industry Partners
Project Modality Fully Remote
Industry Partner Requirements to Participate
Project Topics Corporate Social Responsibility Customer Service & Account Management Data Management Growth Strategy International Affairs Legal, Regulatory, Compliance Marketing Mergers & Acquisitions Operations Organizational Culture Product Design & Development Purchasing, Logistics, Supply Chain Quality Control Reporting, Financial Planning & Analysis Research & Development Sales & Business Development Software Design & Development Talent Management
Target Industries
Skills & Expertise
Location Information & Preferences

Located Anywhere Regional (within 90 miles)

Sponsorship

No Sponsorship Required
Compensation

Following compensation will be offered to the students:

Exactly $0.0 per hour

Other Requirements
Expected Time Commitment For Project Managers per week
Key Program Dates Due Date
Official Program Launch

We’ll find a time on this day for you to meet with the students to kick off your project.

Sep 14 2020, 12:00.00 AM
Finalize Project Charter

Educators and Industry Partners finalize project charters, legal documents, and background materials.

Nov 11 2020, 12:00.00 AM
Official Program End

We’ll find a time on this day for you to meet with the students to wrap up your project.

Nov 30 2020, 12:00.00 AM
Proposal Application Deadline

Final date for Industry Partners to express interest in participating.

Dec 10 2020, 12:00.00 AM
Interview

Educators will begin interviewing interested Industry Partners to discuss project ideas.

May 31 2021, 12:00.00 AM
Request for Proposal published

Collaboration request published. Industry Partners may express interest in participating.

Jun 28 2021, 12:00.00 AM

Project Overview

Project Details
Project Title Financial Software Testing And Quality Assurance
Project Synopsis

What is the challenge or opportunity you are trying to address within your organization?

Rook Accounting has developed accounting software designed to help businesses efficiently manage their financial operations. As with any financial application, the accuracy, reliability, and usability of the platform are critical to ensuring users can confidently manage accounting transactions and produce dependable financial reports. 

Before new features and enhancements are released, it is essential to thoroughly test the software under a variety of real-world accounting scenarios. Even minor errors in journal entries, account balances, financial statement generation, or reporting logic can lead to inaccurate financial information, reduced customer confidence, and increased support requirements. 

Rook Accounting is seeking students to serve as an independent quality assurance team by performing common accounting tasks within the software, evaluating how the system processes transactions, identifying defects or usability issues, and recommending improvements. Students will apply their accounting knowledge while gaining hands-on experience working with an integrated accounting platform and participating in a real-world software testing process. 

This project provides students with the opportunity to bridge accounting principles and technology by helping improve the functionality, reliability, and user experience of a commercial financial software solution.


What are some of the activities or action items you think will need to be taken to achieve your desired results?

  1. Develop an understanding of the Rook Accounting platform, its features, and intended accounting workflows.
  2.  Perform a variety of accounting transactions within the software, including journal entries, account reconciliations, and financial reporting activities. 
  3.  Test general ledger functionality and verify that transactions are accurately recorded and processed. 
  4.  Evaluate the accuracy and consistency of generated financial statements and management reports. 
  5.  Identify software defects, calculation errors, workflow issues, or user experience challenges. 
  6.  Document testing procedures, findings, and recommended corrective actions using professional quality assurance practices. 
  7.  Prioritize recommendations based on business impact, user experience, and implementation complexity. 
  8.  Present findings and improvement recommendations to the Rook Accounting leadership team.


What would make this project a success for your organization? What measurable results are you looking to accomplish?

Success will be measured by the team's ability to thoroughly evaluate the accounting software and provide actionable recommendations that improve product quality and user confidence. 

Successful outcomes include: 
  •  Comprehensive testing of key accounting workflows and financial reporting functionality. 
  •  Identification of software bugs, calculation errors, and workflow inconsistencies. 
  •  Validation of financial statement accuracy and reporting reliability. 
  •  Recommendations to improve usability, reporting capabilities, and overall user experience. 
  •  Well-documented testing results that support future software development efforts. 
  •  Professional presentation of findings and prioritized enhancement recommendations.
Compensation

Following compensation will be offered to the students

Exactly $0.0 per hour

Sponsorship

No Sponsorship Required
Resources

Program Timeline

Touchpoints & Assignments Date Type

Program Kickoff

 09/14/2020 Event

TEMPERATURE CHECK SURVEY DUE

 01/04/2021

REMINDER OF CONFIDENTIALITY

 02/10/2021

Present Prototype to Client

 02/11/2021 Submission Required

KICKOFF EVALUATION DUE

 03/10/2021 Evaluation

OFFICIAL PROJECT LAUNCH

 05/10/2021

Internal Presentation

 08/03/2021 Submission Required

SUBMIT FINAL DELIVERABLE

 09/12/2021 Submission Required

OFFICIAL PROJECT END

 10/12/2021

TEMPERATURE CHECK SURVEY DUE

 12/03/2021

FINAL PEER EVALUATION DUE

 12/12/2021 Evaluation

FINAL SELF EVALUATION DUE

 12/12/2021 Evaluation

Presentation of Financial Statements and Initial Bug Report

 Submission Required

Ratio Analysis & Bug Report to Rook Accounting

 Submission Required

Deliverable #1 Due

 Submission Required

Deliverable #2 Due

 Submission Required

Final Presentations Webinar

Foreign Currency Audit Decision-Making Tree and Financial Statement; Bug Report Memo

 Submission Required

REMINDER OF CONFIDENTIALITY

KICKOFF EVALUATION DUE

OFFICIAL PROJECT LAUNCH

Kickoff Webinar - 11:00 - 11:50 am EST

Reflection & Analysis

FINAL PEER EVALUATION DUE

FINAL SELF EVALUATION DUE

TEMP CHECK #1 DUE

 Evaluation

TEMP CHECK #2 DUE

 Evaluation

TEMP CHECK #3 DUE

 Evaluation

OFFICIAL PROJECT END

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