ProgramsIntegrated Accounting Capstone (Spring 2021)ProjectsFinancial Software Testing and Quality Assurance

Project Title: Financial Software Testing and Quality Assurance

ROOK Connect

Details
Project Title Financial Software Testing and Quality Assurance
Project Topics Reporting, Financial Planning & Analysis
Skills & Expertise Accounting Information Systems Accounting Principles AI-Assisted Testing Tools Data Validation Defect Tracking ERP Systems Excel/Google Sheets Financial Reporting Financial Statement Analysis General Ledger Accounting Journal Entries PowerPoint/Google Slides Process Documentation Quality Assurance Root Cause Analysis Software Testing Systems Thinking User Acceptance Testing (UAT) Workflow Analysis
Project Synopsis: Challenge/Opportunity
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.
Project Synopsis: Activities/Actions Required
  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.
Project Synopsis: Expected Results
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.

Project Timeline

Touchpoints & Assignments Date Type

Program Kickoff

 Sep 14 2020 Event

TEMPERATURE CHECK SURVEY DUE

 Jan 04 2021

REMINDER OF CONFIDENTIALITY

 Feb 10 2021

Present Prototype to Client

 Feb 11 2021 Submission Required

KICKOFF EVALUATION DUE

 Mar 10 2021 Evaluation

OFFICIAL PROJECT LAUNCH

 May 10 2021

Internal Presentation

 Aug 03 2021 Submission Required

SUBMIT FINAL DELIVERABLE

 Sep 12 2021 Submission Required

OFFICIAL PROJECT END

 Oct 12 2021

TEMPERATURE CHECK SURVEY DUE

 Dec 03 2021

FINAL PEER EVALUATION DUE

 Dec 12 2021 Evaluation

FINAL SELF EVALUATION DUE

 Dec 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

Teams

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No Teams Available