Financial Modelling in Power BI: Master Subtotals, Functions, and Advanced Excel Tricks in Minutes!

MrExcel's Holy Macro! Books · Jonathan Liau · Liam Bastick

Dec 2024 · Packt Publishing Ltd

Ebook

355

Pages

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About this ebook

Explore Power BI for financial modeling. This book enables you to learn data preparation, DAX optimization, and creating advanced visualizations and reports. You will also be equipped to automate workflows and create dynamic models.Key Features

A clear explanation of financial modeling concepts and methodologies
Coverage of financial modeling concepts and Power BI tools
A clear breakdown of DAX functions for precise financial analysis

Book DescriptionThis book introduces readers to the fundamentals of financial modeling using Power BI, starting with an overview of the tool and best practices for creating robust, transparent, and flexible models. Early chapters lay the groundwork by explaining financial statement theory and control accounts, essential concepts for any financial analyst. Readers are guided step-by-step through creating parameters and calculating sales, ensuring a solid foundation in Power BI's core functionalities. As the book progresses, readers delve into more advanced topics such as inventory calculations, operating and capital expenditures, and tax computations. Practical examples and hands-on exercises make complex concepts like DAX functions, FIFO inventory modeling, and control account measures accessible to users of all experience levels. Detailed sections on cash flow statements, income statements, and balance sheets tie the lessons together, showing how these elements integrate into a comprehensive financial model. The final chapters explore advanced features like interest and debt modeling, recursion aversion, and equity calculations, culminating in the creation of fully dynamic and optimized models. Readers also learn to design compelling visualizations to present financial insights effectively. By the end of the journey, users will have the tools and confidence to apply their knowledge to real-world scenarios, mastering financial modeling with Power BI.What you will learn

Understand how to format data for subtotals
Learn to sort and organize complex data sets
Apply advanced subtotal tricks and techniques
Use VBA to automate subtotal calculations
Create custom subtotal reports with formatting
Leverage Power Query to replace subtotals

Who this book is for

This book is ideal for finance professionals, analysts, and business intelligence enthusiasts who want to leverage Power BI for financial modeling. Readers should have basic familiarity with Power BI and Excel. The content is suited for intermediate to advanced users who aim to build dynamic, scalable financial models.

About the author

Holy Macro! Books has been providing top-quality books on Excel, Power Query, and Power BI since 2002. They have published over 100 titles by 30 authors, including numerous Microsoft MVPs.

Jonathan Liau was born in Singapore and lived in China as an ex-pat for most of his formative years. He served in the military in Singapore for two years before enrolling in the University of Sydney, studying Economics, Finance, and IT. Currently an experienced Senior Analyst at SumProduct Australia, Jonathan specialises in Power BI projects. Aside from work he enjoys hiking and driving around Australia, the casual whiskey with friends, power lifting, and tinkering with computers.

Liam Bastick has over 30 years' experience in financial model development / auditing. With over 2,000 articles written for the accounting profession, he is a regular contributor to the AICPA, Microsoft's Excel Blog and various LinkedIn specialist discussion groups. A frequent public speaker, Liam attends Excel and Power BI conferences around the globe and has been a central organiser for the Excel Summit South and Excel Virtually Global. He still follows Derby County and the England cricket team. Poor soul.

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