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University College Dublin (UCD) teaches its students on AccountsIQ

19th Dec 2017
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Award-winning cloud accounting software for multi-company businesses.

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UCD, the largest university in Ireland, uses AccountsIQ’s cloud accounting platform to teach their commerce undergraduates business processes and financial management.

The challenge

UCD needed a reliable, robust and secure cloud accounting module to allow students to login for tutorials (enabling up to 150 students to work simultaneously during the same lecture), take exams and have their work graded.

As AccountsIQ is cloud-based, the over 520 UCD students are able to access the software with minimal support through a web browser, using their own laptops.

Requirements overview:

  • Cloud solution
  • Safe, secure & reliable access
  • Multicurrency processing  
  • SOP, POP inventory management, general ledger and reporting
  • Individual grading of over 500 students

The solution

AccountsIQ designed a version of the software that would enable students to learn and test their knowledge. In five years UCD has now been training over 3,000 students with AccountsIQ. The University can set tutorials and reset all companies used for each tutorial to a starting position afterwards. Each year the AccountsIQ system’s data is re-supplied to UCD for the new students.

UCD’s IT lecturer Linden Lee says: “AccountsIQ is more logically set out than some other systems, it is less complex and students can see quite clearly the progression through various business processes such as the expenditure and revenue cycles. It’s intuitive and well thought-out.”

AccountsIQ is easy to use for both lecturers and students. Each student is required to take a series of four tutorials followed by a 3-hour exam. The student learns the flow through all business processes and has to set up debtors, creditors, push through orders, and then produce a stock pdf, which then tests if the student has entered the correct information.  

As Linden explains: “We’ve been using AccountsIQ for five years now and thousands of students have used the system and been tested on it. It’s great for teaching as we can set exams with literally no set up required. Students can follow it easily and we can see clearly how each student has performed. Batch files are set up each time and it’s a proven method that simply works.”

Benefits overview:

  • Simple fee with no upfront cost on local servers
  • Resetting of student companies to the starting position for the next group
  • Extensive inventory, order processing, reporting and other functionality
  • Capability to develop further course content

Find out what AccountsIQ can do for you: contact us or request a free demo.

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