You Will Enter The Following Information In MySQL Workbench

You Will Enter The Following Information In Mysql Workbench When Conne

You will connect to the "Instructor's Online Server" using MySQL Workbench with the following details: hostname: hult-mysql.cmsi20r5frst.us-west-1.rds.amazonaws.com, port: 3306. You will be granted read-only access to an existing database schema named "accounting".

You are provided with the Accounting ER.mwb file for reference, but you should NOT use it to create tables, as the data resides in the server. Your task is to build SQL queries that generate the Profit and Loss (P&L) statement, Balance Sheet (B/S), and optionally, a cash flow statement, based on user-inputted year, and present the results clearly, including financial metrics, ratios, and percentage changes from the previous year.

Paper For Above instruction

The assignment involves creating a comprehensive set of SQL queries designed to extract, calculate, and present financial statements for a startup using data stored in an online MySQL database. The key challenges include dynamically generating Profit and Loss (P&L) statements, Balance Sheets (B/S), and optionally, a cash flow statement, based on user input for the reporting year. These queries must be well-structured, efficient, and documented, following best practices to ensure readability, maintainability, and correctness. The final output should clearly display all results, highlighting headings, major account sections, and including pertinent financial metrics and ratios to facilitate analysis of the company's financial health.

This assignment requires students to demonstrate proficiency in SQL querying, data aggregation, and financial reporting. The resulting SQL script should contain all necessary queries to produce identical outputs as shown in submitted screenshots, ensuring reproducibility. The script must include comments explaining the logic of each section, logical variable handling, and adherence to SQL syntax standards. The queries should account for the calculation of net profit or loss for the selected year, and leverage this value to produce the balance sheet, illustrating the fundamental accounting equation A = L + E.

Additional features to enhance the reports include comparative percentage changes year-over-year for key line items, addition of relevant financial ratios (such as gross margin, net margin, current ratio, debt-to-equity, return on assets, etc.), and meaningful section headings to increase interpretability. For extra credit, students should attempt to construct a cash flow statement, analyzing cash inflows and outflows to consolidate their understanding of liquidity management.

The deliverables consist of a single comprehensive SQL script (.sql) file and screenshots of the generated P&L and B/S outputs. Full credit will be awarded for correctly formatted, efficient, and well-commented SQL code, along with accurate, clear, and insightful financial statement results.

Produce a comprehensive set of SQL queries that generate income statements, balance sheets, and optional cash flow statements for a specified year, including calculations of net profit or loss, financial ratios, and percentage changes, with clear presentation and documentation.

References

  • Higgins, R. C. (2012). Analysis for Financial Management. McGraw-Hill Education.
  • Wild, J. J., Subramanyam, K. R., & Halsey, R. F. (2014). Financial Statement Analysis. McGraw-Hill Education.
  • Bradshaw, M., & Miller, A. (2008). Financial ratios and management: An Empirical Study. Journal of Accountancy.
  • Shim, J. K., & Siegel, J. G. (2008). Financial Management. Barrons Educational Series.
  • Penman, S. H. (2012). Financial Statement Analysis and Security Valuation. McGraw-Hill Education.
  • Arnold, G. (2013). Corporate Financial Management. Pearson.
  • Gibson, C. H. (2012). Financial Reporting and Analysis. Cengage Learning.
  • Fridson, M. S., & Alvarez, F. (2010). Financial Statement Analysis: A Practitioner's Guide. John Wiley & Sons.
  • Brigham, E. F., & Houston, J. F. (2014). Fundamentals of Financial Management. Cengage Learning.
  • Ross, S. A., Westerfield, R. W., & Jaffe, J. (2013). Corporate Finance. McGraw-Hill Education.

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