Live Case – Project
Financial Software Testing and Quality Assurance
A Collaboration Between
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
| Company | ROOK Connect |
| HQ | Canada |
| Revenue | Unlisted |
| Employees | 5-10 |
| Stage | Established Startup |
| Hiring Potential | N/A |
| Website | http://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
Experiential Learning Program Details
| School | Saint Peter’s University |
| Engagement Format | Live Case - Think "Hackathon" or Case Competition with a whole class of students! 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. |
| Course | Integrated Accounting Capstone (Spring 2021) |
| Level |
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| Students Enrolled | 22 |
| Meeting Day & Time | Mon/Wed/Th 11 - 11:50 AM ET |
| Student Time Commitment | 4-7 Hours Per Week |
| Company Time Commitment | 2 Hours |
| Duration | 11 Weeks |
Program Timeline
| Touchpoints & Assignments | Due Date | Type | |
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REMINDER OF CONFIDENTIALITY
REMINDER OF CONFIDENTIALITY
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.
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February 15th, 2021 | Event na | |
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KICKOFF EVALUATION DUE
KICKOFF EVALUATION DUE
Survey link: https://forms.gle/XvAzEQrkno4Mvhxo7
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February 21st, 2021 | Event na | |
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OFFICIAL PROJECT LAUNCH
OFFICIAL PROJECT LAUNCH |
February 22nd, 2021 | Event na | |
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Kickoff Webinar - 11:00 - 11:50 am EST
Kickoff Webinar - 11:00 - 11:50 am EST |
February 22nd, 2021 | Event na | |
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Internal Presentation
Internal Presentation
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March 8th, 2021 | Submission Required submission-required | |
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TEMPERATURE CHECK SURVEY DUE
TEMPERATURE CHECK SURVEY DUE
Survey link: https://forms.gle/gYGjLesdZQWnDeJz5
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March 12th, 2021 | Event na | |
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Presentation of Financial Statements and Initial Bug Report
Presentation of Financial Statements and Initial Bug Report
Visual and oral presentation of financial statements and post-closing trial balance and key findings documented in the Bug Journal
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March 29th, 2021 | Submission Required submission-required | |
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TEMPERATURE CHECK SURVEY DUE
TEMPERATURE CHECK SURVEY DUE
Survey link: https://forms.gle/AfCCRHjYcLNPU8G2A
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April 1st, 2021 | Event na | |
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Ratio Analysis & Bug Report to Rook Accounting
Ratio Analysis & Bug Report to Rook Accounting
Visual and oral presentation to Rook Accounting including: Side-by-side comparison between companies and metrics used in analysis and bug report
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April 19th, 2021 | Submission Required submission-required | |
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Foreign Currency Audit Decision-Making Tree and Financial Statement; Bug Report Memo
Foreign Currency Audit Decision-Making Tree and Financial Statement; Bug Report Memo
Cognitive Map/Decision Tree outlining decision-making, roadblocks, actions taken in the process. Before and After Financial Statements Bug Report Memorandum to Rook Accounting
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May 13th, 2021 | Submission Required submission-required | |
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OFFICIAL PROJECT END
OFFICIAL PROJECT END |
May 13th, 2021 | Event na | |
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Final Presentations Webinar
Final Presentations Webinar |
May 13th, 2021 | Event na | |
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Reflection & Analysis
Reflection & Analysis |
May 17th, 2021 | Event na | |
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FINAL PEER EVALUATION DUE
FINAL PEER EVALUATION DUE
Survey link: https://forms.gle/Cm8njxneMPAtdL4S8
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May 17th, 2021 | Event na | |
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FINAL SELF EVALUATION DUE
FINAL SELF EVALUATION DUE
Survey link: https://forms.gle/UQTxVJkQ6V1JvHZg8
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May 17th, 2021 | Event na |
Key Project Milestones
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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
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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
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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
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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
Industry Mentors
Academic Mentors
Assigned Students
There are currently no students assigned.