Introduction to Financial Statements in Power BI

Overview

Discover how to use the income statement and balance sheet in Power BI

Analyzing financial statements is an important part of understanding the firm's financial health. In this course, we will examine the financial statements of a fictitious automotive company, Larry's Automotive.

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.

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.

Syllabus

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.

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.

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.