Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Chapter 12 Investments, basic knowledge of Excel, and XBRL. Goal of the project: Identify which banks had the most decrease in available-for-sale securities and
"Chapter 12 Investments", basic knowledge of Excel, and XBRL. Goal of the project: Identify which banks had the most decrease in available-for-sale securities and most increase in held-to-maturity securities using XBRL. Then, explain why these banks experienced an increase in such classifications of investment securities by searching financial statements, news articles, or other sources. Instructions: 1. The raw data comes from: https://www.sec.gov/dera/data/financial-statement-data- sets.html However, the dataset is too large to open in Excel. I have selected about 40 banks and constructed a sample of all their "SUB" and "NUM" datasets for 2015-2021. You can download from here: https://www.dropbox.com/s/8m0jvfavp9rcro2/xbrl_dataset.xlsx?dl=0 2. The fields included in the "SUB" and "NUM" datasets are described here: https://www.sec.gov/files/aqfs.pdf The "adsh" field is a unique identifier for each SEC filing. The "cik" field is a unique identifier for each SEC filer. Merge the "NUM" dataset with the "SUB" dataset using the "adsh" to obtain the CIK (central index key) and name of each bank. Use VLOOKUP (https://exceljet.net/functions/vlookup-function) The CIK can be used to search companies on SEC EDGAR. Select 10 banks. 3. The "ddate" field represents the date of the balance. Because it is not in a date format, use the (https://exceljet.net/excel-functions/excel-left-function LEFT ), ), MID (https://exceljet.net/excel-functions/excel-mid-function and RIGHT (https://exceljet.net/excel-functions/excel-right-function) functions to transform it into date format.
Step by Step Solution
★★★★★
3.47 Rating (154 Votes )
There are 3 Steps involved in it
Step: 1
Lets break down the steps to tackle this project Data Acquisition Download the provided dataset from ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started