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

ROOK Connect - Financial Software Testing and Quality Assurance
Due Date
Activities
Deliverables
Status
Action
Mon, 09/14/20
12:00 AM UTC
Program Kickoff
No Deliverables
No deliverables are required for this action item.
Location:
Mon, 01/04/21
12:00 AM UTC
TEMPERATURE CHECK SURVEY DUE
No Deliverables
No deliverables are required for this action item.
Description:
Wed, 02/10/21
12:00 AM UTC
REMINDER OF CONFIDENTIALITY
No Deliverables
No deliverables are required for this action item.
Description:
During this program, you'll be working on a real project posed by a real industry partner. By registering for the CapSource system and participating in this Program, you are bound by the Rules of Engagement, including strict confidentiality of information shared with you. Please be respectful and professional.
Thu, 02/11/21
12:00 AM UTC
Present Prototype to Client
Required Deliverable
Required Deliverable
Deliverable submission is required.
Description:
3:00-4:15 pm
Wed, 03/10/21
12:00 AM UTC
KICKOFF EVALUATION DUE
Required Evaluation
Evaluation submission is required.
Description:
Survey link: https://forms.gle/pzX8tzUBXNAsSvTe7 Meet client (3:00-4:15 pm)
Mon, 05/10/21
12:00 AM UTC
OFFICIAL PROJECT LAUNCH
No Deliverables
No deliverables are required for this action item.
Tue, 08/03/21
12:00 AM UTC
Internal Presentation
Required Deliverable
Required Deliverable
Deliverable submission is required.
Sun, 09/12/21
12:00 AM UTC
SUBMIT FINAL DELIVERABLE
Required Deliverable
Required Deliverable
Deliverable submission is required.
Description:
Submit video presentation of results for the client (Dec 9-12). Client will meet with the professor to provide feedback December 14,3:00-5:00 pm EST. Students are encouraged to participate if available at that time.  
Tue, 10/12/21
12:00 AM UTC
OFFICIAL PROJECT END
No Deliverables
No deliverables are required for this action item.
Fri, 12/03/21
12:00 AM UTC
TEMPERATURE CHECK SURVEY DUE
No Deliverables
No deliverables are required for this action item.
Description:
Sun, 12/12/21
12:00 AM UTC
FINAL PEER EVALUATION DUE
Required Evaluation
Evaluation submission is required.
Description:
Sun, 12/12/21
12:00 AM UTC
FINAL SELF EVALUATION DUE
Required Evaluation
Evaluation submission is required.
Description:
Presentation of Financial Statements and Initial Bug Report
Required Deliverable
Required Deliverable
Deliverable submission is required.
Description:
Visual and oral presentation of financial statements and post-closing trial balance and key findings documented in the Bug Journal
Ratio Analysis & Bug Report to Rook Accounting
Required Deliverable
Required Deliverable
Deliverable submission is required.
Description:
Visual and oral presentation to Rook Accounting including: Side-by-side comparison between companies and metrics used in analysis and bug report
Deliverable #1 Due
Required Deliverable
Required Deliverable
Deliverable submission is required.
Deliverable #2 Due
Required Deliverable
Required Deliverable
Deliverable submission is required.
Final Presentations Webinar
No Deliverables
No deliverables are required for this action item.
Foreign Currency Audit Decision-Making Tree and Financial Statement; Bug Report Memo
Required Deliverable
Required Deliverable
Deliverable submission is required.
Description:
Cognitive Map/Decision Tree outlining decision-making, roadblocks, actions taken in the process. Before and After Financial Statements Bug Report Memorandum to Rook Accounting
REMINDER OF CONFIDENTIALITY
No Deliverables
No deliverables are required for this action item.
Description:
During this program, you'll be working on a real project posed by a real industry partner. By registering for the CapSource system and participating in this Program, you are bound by the Rules of Engagement, including strict confidentiality of information shared with you. Please be respectful and professional.
KICKOFF EVALUATION DUE
No Deliverables
No deliverables are required for this action item.
Description:
OFFICIAL PROJECT LAUNCH
No Deliverables
No deliverables are required for this action item.
Kickoff Webinar - 11:00 - 11:50 am EST
No Deliverables
No deliverables are required for this action item.
Reflection & Analysis
No Deliverables
No deliverables are required for this action item.
FINAL PEER EVALUATION DUE
No Deliverables
No deliverables are required for this action item.
Description:
FINAL SELF EVALUATION DUE
No Deliverables
No deliverables are required for this action item.
Description:
TEMP CHECK #1 DUE
Required Evaluation
Evaluation submission is required.
Description:
TEMP CHECK #2 DUE
Required Evaluation
Evaluation submission is required.
Description:
TEMP CHECK #3 DUE
Required Evaluation
Evaluation submission is required.
Description:
OFFICIAL PROJECT END
No Deliverables
No deliverables are required for this action item.

Teams

Team Name  Project Name  Team Members 
No Teams Available