Live Case – Project

Financial Software Testing and Quality Assurance

A Collaboration Between

Project Synopsis

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.

Project Topics

Account Management

Reporting, Financial Planning & Analysis

Company Information

CompanyROOK Connect
HQCanada
RevenueUnlisted
Employees5-10
StageEstablished Startup
Hiring PotentialN/A
Websitehttp://rookconnect.com

Company Overview

Too many companies fail when going digital because the system they’re trying to implement can’t adapt to their specific business requirements. ROOK Connect provides structure, processes and workflows, while empowering businesses with configurations and a team of professionals to help you get the most out of our software. ROOK Connect was developed to help businesses streamline operations, enhancing their ability to operate efficiently and to maximize revenues through the application of lean prac

Industry Mentors

Company Admin

Kenneth Bond

[email protected]

Experiential Learning Program Details

SchoolSaint Peter’s University
Engagement FormatLive Case - Class Collaboration or Case Competition - This learning format allows educators to deliver experiential learning to students at scale. Students are often split into groups to work on a live case (or a series of cases) from a real host company that directly relates to key learning objectives.
CourseIntegrated Accounting Capstone (Spring 2021)
LevelUndergraduate
Students Enrolled9
Meeting Day & TimeMon/Wed/Th 9 - 9:50 AM ET
Student Time Commitment4-7 Hours Per Week
Company Time Commitment2 Hours
Duration11 Weeks

Program Timeline

Touchpoints & Assignments Due Date Submission
OFFICIAL PROJECT LAUNCH

OFFICIAL PROJECT LAUNCH

February 22 Event na
REMINDER OF CONFIDENTIALITY

REMINDER OF CONFIDENTIALITY

February 15 Event na
Kickoff Webinar - 11:00 - 11:50 am EST

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

February 22 Event na
KICKOFF EVALUATION DUE

KICKOFF EVALUATION DUE

February 21 Event na
TEMPERATURE CHECK SURVEY DUE

TEMPERATURE CHECK SURVEY DUE

April 01 Event na
FINAL PEER EVALUATION DUE

FINAL PEER EVALUATION DUE

May 17 Event na
FINAL SELF EVALUATION DUE

FINAL SELF EVALUATION DUE

May 17 Event na
Final Presentations Webinar

Final Presentations Webinar

May 13 Event na
Internal Presentation Internal Presentation
March 08 Submission Required submission-required
Presentation of Financial Statements and Initial Bug Report Presentation of Financial Statements and Initial Bug Report
March 29 Submission Required submission-required
Ratio Analysis & Bug Report to Rook Accounting Ratio Analysis & Bug Report to Rook Accounting
April 19 Submission Required submission-required
Foreign Currency Audit Decision-Making Tree and Financial Statement; Bug Report Memo Foreign Currency Audit Decision-Making Tree and Financial Statement; Bug Report Memo
May 13 Submission Required submission-required
Reflection & Analysis

Reflection & Analysis

May 17 Event na
TEMPERATURE CHECK SURVEY DUE

TEMPERATURE CHECK SURVEY DUE

March 12 Event na
OFFICIAL PROJECT END

OFFICIAL PROJECT END

May 13 Event na

Key Project Milestones

  • March 8, 2021 - Develop a working knowledge of the software (individual activity)

    • Take a tour of the software
    • Learn how to load the software
    • Practice conducting basic traditional accounting tasks (e.g. entering transactions, creating a trial balance) and work through the steps of the accounting cycle using practice data

    Suggested Deliverable:

    Internal presentation

  • March 29, 2021 - Test the Software by Applying the Accounting Cycle to a Real Case

    • Complete the accounting cycle using real case financial data supplied by Rook Accounting.
    • Create and maintain a “Bug Journal”, documenting faults, failures, flaws, errors, and unwanted outcomes in the software

    Rook Accounting Ask: Financial data for real case study


    Suggested Deliverable:

    Visual and oral presentation of financial statements and post-closing trial balance and key findings documented in the Bug Journal

  • April 19, 2021 - Ratio Analysis to Compare and Evaluate the Real Case Company and Test Software

    • Conduct Internet research to identify a company in the same business sector and obtain financial data.
    • Determine metrics to be used in ratio analysis.
    •  Conduct financial ratios analysis comparing financial statements of Real Case and the chosen company.
    • Based upon the comparative analysis, draw conclusions and inferences about the Real Case company. For instance:
      • What do your findings suggest about the financial health of the company? About the company’s position?
      • What would this information signal to potential investors?
    • Document faults, failures, flaws, errors, and unwanted outcomes in the software in the Bug Journal

    Suggested Deliverable:

    • Visual and oral presentation to Rook Accounting including:
      • Side-by-side comparison between companies and metrics used in analysis
      • Bug report
  • May 13, 2021 - Conduct Foreign Currency Audit and Software Test

    • Determine the functional currency of the company.
    • Review/analyze company’s financial statements for currency exchange (purchasing)
      • identify foreign currency transactions; note their transaction date and settlement date.
      • conduct research to determine exchange rate(s)
      • assess financial statements for accuracy and identify errors
      • correct financial statements, restate financial statement if appropriate
    • Make notations in the Bug Journal reporting any issues with software’s capabilities to handle currency reporting functions used in your analysis or any other problems you encounter with the software.

    Rook Accounting Ask: Financial Data for Foreign Currency Exchange analysis


    Suggested Deliverable:

    Visual and oral presentation of:

    • Cognitive Map/Decision Tree outlining decision-making, roadblocks, actions taken in the process.
    • Before and After Financial Statements
    • Bug Report Memorandum to Rook Accounting

Project Resources

There are no resources currently available

Academic Mentors

Instructor

Karen Beerbower

[email protected]

Assigned Students

There are currently no students assigned.