3.1.2.1 Logical and Physical Design Issues
To identify the most important types of information, students met with board members, financial executives
(typically at the treasurer level), parties responsible for regulatory compliance, and auditors. In addition to learning
valuable interpersonal skills through their interactions with group members and client personnel, students received a
dose of reality when they learned that things do not always go as planned – that sometimes they could not contact
individuals because of scheduling conflicts, did not receive information in a timely fashion, and/or could not get
needed information.
Once system requirements were determined, students designed the systems. Logical design was often a
challenge, as students had to figure out how to integrate and obtain data from the various reporting systems used by
the organizations, as well as how to present it in the most useful manner. Non-financial data further complicated the
projects since it was generally located in a separate system and often maintained manually. In some cases,
rudimentary systems had to be developed to convert the manual information to a computerized system, and then data
from the computerized systems could be uploaded into the new system.
In terms of physical system design, most groups developing financial reporting systems used spreadsheet
templates because of their ease of use in terms of both downloading data and custom formatting. Groups working
on database development generally chose to use Access, given that most clients already had the software and the
students had familiarity using it. The valuation project used a spreadsheet system for its physical design.
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