The project was to develop a US GAAP and IFRS based financial reporting software application. The application will reference the relevant codification under US GAAP or IFRS accounting standards and provide the user with a step-by-step guide to recording technical accounting entries dictated under the relevant codification or standard. The software solves for the need to hire external expertise to perform such tasks. Through a series of relevant inputs, in-house accounting staff (or students) are afforded the opportunity to methodically work through the accounting topic or arrangement with reference to the codification and accounting standards. The software provides the final deliverables generally expected for financial reporting.