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  1. KEEP
  2. Theses and Dissertations
  3. Barrett, The Honors College Thesis/Creative Project Collection
  4. Simplifying the Workflows of Accounting Transactions with a Service-Oriented Software System
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Simplifying the Workflows of Accounting Transactions with a Service-Oriented Software System

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Description

In 2022, the revenue generated from accounting services hit an all-time high of 119.48 billion USD (“Accounting Services in the US - Market Size”, 2022). On top of this, research has shown that 45% of all accounting professionals would like to automate something about their workflow (Thomas, 2020). Indeed, a lot of bookkeeping accountancy has been phased out by simple automation. However, larger accounting tasks like business mergers still require a team of accountants despite being a largely iterative process. This project chronicles one such attempt at automating accounting events or transactions that are performed by businesses both large and small. With the help of accounting students Madeline Stolper and Heddie Liu we were able to build a fully-functioning website to automate accounting transactions. For this project, we used industry-standard software frameworks React and Express to build the site with dynamic accounting applications. These applications were built with reusable components, making the development of future applications very simple. We also leveraged cutting-edge technological solutions from Amazon Web Services to make the website available on the Internet with rapid response times. Lastly, we incorporated an agile approach to project management and communication, in order to create functionality in the most efficient and organized manner possible. On a large scale, something like this has never been attempted and TurboIFRS/GAAP represents a revolutionary leap in accounting automation.

Date Created
2022-05
Contributors
  • Roth, Ryder (Author, Co-author)
  • McLemore, Benjamin (Co-author)
  • Forde, Jakob (Co-author)
  • Chen, Yinong (Thesis director)
  • Hunt, Neil (Committee member)
  • Barrett, The Honors College (Contributor)
  • Computer Science and Engineering Program (Contributor)
Topical Subject
  • Automation
  • Accounting
  • Service-Oriented Software
Resource Type
Text
Copyright Statement
In Copyright
Reuse Permissions
Attribution-NonCommercial-ShareAlike
Primary Member of
Barrett, The Honors College Thesis/Creative Project Collection
Peer-reviewed
No
Open Access
No
Series
Academic Year 2021-2022
Handle
https://hdl.handle.net/2286/R.2.N.165091
Embargo Release Date
Mon, 04/15/2024 - 00:00
System Created
  • 2022-04-15 07:11:31
System Modified
  • 2022-04-18 02:40:26
  •     
  • 9 months 1 week ago
Additional Formats
  • OAI Dublin Core
  • MODS XML

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