Microsoft Power BI Financial Reporting Training
Training Methodology:
This Power BI Financial Reporting HRDF HRD Corp Claimable takes a practical, hands-on approach to teaching participants how to use Power BI for financial reporting. This methodology includes:
- Instructor-led demonstrations: Live walkthroughs on how to generate financial reports with Power BI tools.
- Real-world financial datasets: Participants will use financial data to apply what they’ve learnt.
- Interactive discussions involve group discussions and Q&A sessions to solve common financial reporting issues.
- Case studies demonstrate the practical use of Power BI to meet financial reporting requirements.
- Continuous feedback: Participants receive regular feedback to help them improve their reports and dashboards for financial analysis.
Microsoft Power BI Financial Reporting Training Course Description
Power BI for Financial Reporting is intended to assist financial professionals and analysts in optimizing and improving their financial reporting processes using Power BI. Participants will acquire the skills to generate dynamic financial reports, evaluate financial data, and construct dashboards that yield actionable insights. Upon completion of the course, participants will possess the abilities to automate and enhance financial reporting processes via Power BI.
What You'll Learn
- Financial Data Visualization: Acquire the skills to present financial measurements, KPIs, and trends via Power BI visualizations.
- DAX for Financial Analysis: Acquire proficiency in essential DAX functions to formulate financial computations and metrics.
- Dynamic Financial Dashboards: Construct real-time financial dashboards that facilitate interactive data analysis.
- Utilize Power BI to develop forecasting and budgeting models for financial planning.
- Automating Financial Reports: Discover methods to automate the generation and dissemination of financial reports utilizing Power BI.
Course Outline
Module 1: Introduction to Power BI for Financial Reporting
Comprehending financial facts and reports.
Integrating Power BI with financial data sources such as Excel and databases.
Examination of Power BI visualizations and their application in financial reporting.
Module 2: Financial Data Modeling and DAX for Finance
Organizing financial data models with Power BI.
Essential DAX functions for financial analysis (e.g., SUMX, CALCULATE, FILTER).
Developing computed columns and measures for financial indicators.
Module 3: Building Financial Reports and Statements
Creating interactive financial reports, including income statements, balance sheets, and cash flow statements.
Utilizing PivotTables and charts for the presentation of financial data.
Generating automated financial statements via Power BI.
Module 4: Budgeting, Forecasting, and Variance Analysis
Developing budget and forecasting models with Power BI.
Examining discrepancies between actual figures and budgeted amounts.
Conducting what-if research and scenario planning for financial forecasting.
Module 5: Automating and Sharing Financial Dashboards
- Automating the generation of financial reports and the refresh of data.
- Securely disseminating financial dashboards to stakeholders.
- Administering permissions and access control for financial data within Power BI.
Course Conclusion:
After finishing the Power BI for Financial Reporting course, participants will be armed with the knowledge and abilities essential to develop dynamic financial reports and dashboards that deliver meaningful information regarding the financial performance of a firm. Due to the fact that it will teach them how to make use of the powerful features that Power BI offers in order to streamline the process of financial reporting, this course is an excellent choice for corporate executives, accountants, and financial analysts who are attempting to improve the efficiency of their reporting procedures.
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