Accounting Database with General Ledger

Description
The provided database in Excel file offers a comprehensive dataset for practicing Financial Reporting and Financial Analysis using various tools such as Power BI, Tableau, and Excel. At its core, the database contains a General Ledger, a fundamental component of accounting systems, which tracks all financial transactions of an organization.

With the General Ledger as the central piece, users can connect it with other tables within the database using unique keys. These connections enable the integration of additional financial data, such as accounts payable, accounts receivable, inventory, and payroll, providing a holistic view of the organization's financial health.

Practicing Financial Reporting involves generating structured financial statements, including income statements, balance sheets, and cash flow statements, using the data stored in the General Ledger and related tables. This process helps stakeholders, such as investors, creditors, and management, to assess the company's performance and make informed decisions.

Financial Analysis, on the other hand, involves interpreting the financial data to uncover trends, identify areas of strength or weakness, and make recommendations for improvement. Through tools like Power BI, Tableau, and Excel, users can visualize the data, perform ratio analysis, conduct trend analysis, and create dashboards and reports to communicate insights effectively.
By leveraging this database, individuals can sharpen their skills in financial reporting and analysis, gaining valuable experience for real-world applications in finance and accounting roles.