CAS Project Reflection

CAS individual reflection last post

Ever since we started on our project, we’ve been meeting up every week so as to complete our project on time. As mentioned, we firstly did the double entries. We ensured that we all agreed with the transactions before proceeding on to input the data into the ACCPAC system.

At start, we were all clueless as to how to begin to key in the data as there was not much information given to us. But after consulting our teacher, we knew the direction we were heading. Firstly was to key in the opening balances in the GL system and so on, followed by keying in transactions linked with the AR and AP system. As there were lots of data to be keyed into the system, we even stayed in the school lab till about 7-8pm just to complete certain parts of the project. Also, we came back almost every day during the holidays to carry on doing the project! Though it was tiring but it was all fun and educational at the same time. Because of the fear of having to redo our entire project, we dared not post any of the batches that we have created. We even saved almost every step we did! haha.

Of cause not to mention that there were also disagreements within to team about what was the appropriate data to be inserted into the system. For example, we were discussing whether or not to include GST into our balance day adjustments and also which system should the void check be in. Sometimes, we even have to redo certain parts of our project because the errors were irreversible. For example, after a batch is being posted, no changes can be made to the batch. Because we have found out some error that was being made in the posted batch, we had to re-download from our previously saved file.

However after one a half months of sweat and blood for the project, we finally completed it! It was a total sense of relieve because the project was really tedious but we managed to overcome it! It was a sense of great achievement!
Also, I must compliment all my team members for all their hard work and time they have put in for this project. It was great being able to work with such a great team. Everyone has done their fair share of the project. For this project, I have contributed suggestions on issues that have slowed down my group’s progression. In addition I also helped to key in transactions into the systems, find the logo for the company, double-checking of some of the batch to ensure that the amount balances out etc.

From this project, I have learned how much help an accounting system can provide for a company. I’ve learned how to use its systems and functions to help a company runs its daily transactions in an error and fraud-free environment. Most importantly, I have learned how to work closely with my teammates and to truly understand the phrase “two heads are better than one”.

Hui-Shan