Project Frameworks

32 Accounting

Amanda McEachern Gaudet and Mackenzie Collins

Students from this program are expected to have reasonable knowledge in the following areas: auditing, financial and managerial accounting, taxation, and financial statement analysis.

Accounting projects do not follow a simple framework as the other types of projects will. Therefore, it is extremely important that both the client and the students are diligent in ensuring the deliverables not only align with the project goal, but accumulate to a final result.

Usually these projects involve the client simply wanting the students to assist current employees on their daily duties. In these instances, a final deliverable may include a recommendation report from the student or a presented summary of their work and successes over the term. However, it is still important that the project deliverables relate back to a central goal, and stay within the scope as initially set in the Project Charter.

Video Module by Scott Peters

 

Small Business Accounting & Tax Organization

The client is a small business that needs aid managing its accounting records and preparing to file taxes.

  • Assist with preparation of financial and statistical statements and reports
  • Account reconciliation
  • Compile year-end files for annual return and tax return

Courses and Guided Projects

Create Accounting Statements by Mohamed Abul Kassem, Coursera
Getting Started with ProfitBooks by Colleen Haddleton, Coursera

Book-Keeping for Non-Profit Organizations

The client needs book-keeping for a registered charity with the CRA.

  • Apply to government support for monthly wage and rent subsidies where applicable.
  • Examine and finalize the client’s past fiscal year’s financial figure.
  • Finalize the fiscal years Financial Statement for the CRA charity division.

Migration to Accounting Software

The client wishes to find a new accounting management software.

  • Research accounting/financial software for the client based on their needs
  • Draft a plan for the migration to the new software
  • Present recommendation report and formal plan for the migration to a potential software to client

Accounting Process Analysis

The client needs assistance developing processes to make their financial and accounting more efficient.

  • Assist with preparation of financial and statistical statements and reports
  • Analyze financial information from financial statements and reports and identify discrepancies
  • Develop a guideline on finance process and strategy, including templates for future uses

Accounting and Financial Business Plan

The client needs assistance developing sustainable financial processes for their growing business.

  • Development of financial procedures documentation to guide clients’ financial practices
  • Develop accounting guidelines to ensure proper filing of revenue and expenses for tax purposes
  • Present the contents of the documentation and guidelines

Courses and Guided Projects

Interest Rate Risk Management by Bekhruzbek Ochilov, Coursera

License

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Tools and Resources for Capstone (v. 1.2 Jan 2024) Copyright © by Amanda McEachern Gaudet and Mackenzie Collins is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

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