Course
Introduction to Financial Statements in Power BI
IntermediateSkill Level
Updated 10/2024Power BIApplied Finance4 hr13 videos38 Exercises3,000 XP4,671Statement of Accomplishment
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Examine financial statements
In this course, we will examine the financial statements of a fictitious automotive company, Larry's Automotive.Analyze Income Statements and Balance Sheets
We will focus our analysis on the income statement and balance sheet. You will use data visualization to create custom dashboards for the firm's financial information, which will help you identify trends, KPIs, and errors.Calculate KPIs
In addition to calculating key performance measures, such as COGs and EBITDA, we will spend time determining key profitability ratios, like profit margin. These skills will put you on a good path to becoming a financial analyst.Prerequisites
DAX Functions in Power BIData Modeling in Power BI1
The Evolution of the Financial Statement
In this chapter, you'll learn the components the balance sheet and income statement and see how they are derived from the accounting equation. With this information, you will examine these financial statements using DAX and creating key measures.
2
Budgetary Planning
Budgetary and Forecast planning plays a key role in the financial well-being of a company. By calculating and visualizing the budget, forecast and variance, you will learn how to detect valuable business trends.
3
Company Performance and Financial Analysis
Performance ratios are financial ratios and other information, that allows a company to determine how well they are doing. You will learn liquidity ratios and how they indicate a firms debt obligation and firm risk.
Introduction to Financial Statements in Power BI
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FAQs
What financial statements are analyzed in this Power BI course?
You will focus on the income statement and balance sheet of a fictitious automotive company called Larry's Automotive, examining both statements in detail.
What Power BI skills do I need before enrolling?
You should have completed introductory Power BI, data modeling in Power BI, and both introductory and intermediate DAX courses to handle the financial calculations.
What financial metrics and ratios will I calculate?
You will calculate cost of goods sold, EBITDA, profit margin, and other key profitability ratios using DAX measures to assess the company's financial health.
Does the course include building dashboards for financial data?
Yes. You will create custom data visualization dashboards that display financial KPIs, helping you identify trends and spot errors in financial statements.
Is this course relevant for aspiring financial analysts?
Yes. The skills taught, including financial statement analysis and KPI dashboard creation in Power BI, are directly used by financial analysts in their daily work.
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