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Financial Modeling and Reporting with Microsoft Power BI

Financial Modeling and Reporting with Microsoft Power BI

By : Andy Clark, Tom Gough, Shailan Chudasama
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Financial Modeling and Reporting with Microsoft Power BI

Financial Modeling and Reporting with Microsoft Power BI

By: Andy Clark, Tom Gough, Shailan Chudasama

Overview of this book

Financial Modeling and Reporting with Microsoft Power BI is the definitive guide to designing high-performance, flexible, and insightful financial reports using Power BI. This Power BI book empowers finance and BI professionals to create everything from trial balances to enterprise-wide performance dashboards with ease and precision. The book starts by helping you define your reporting goals and data sources, mapping these needs to Power BI’s capabilities. You’ll then build a core financial data model—covering ledger transactions, charts of accounts, and multi-company support. As you proceed, you’ll integrate complex DAX measures, handle foreign exchange and journal entries, and extend your model with budgeting and inventory data. Each chapter builds toward a comprehensive suite of reports, complete with visual best practices and tested metrics. You’ll learn to streamline datasets using Power Query, test for data integrity, and generate printable reports via Power BI Paginated. The final chapters dive into using AI, predictive analytics, and Microsoft Fabric to future-proof your reporting. Whether you're consolidating data across systems or evolving your reports for changing business needs, this hands-on guide ensures you’re prepared to meet the demands of modern finance.
Table of Contents (16 chapters)
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15
Index

5

Handling Manual Journal Entries

In the last chapter, we furthered our understanding of DAX by focusing on some applied areas in finance. In this chapter, we're going to be even more applied, by looking at manual journal entries and how to deal with them, the data we can derive from them, and how we can include them in our data model.

Although we use the term manual journals in this chapter, the principles apply to many manual adjustments you may need to apply to your financial reporting.

Manual journal entries are manually-entered transactions that don't fit neatly into the "normal" transactions generated by the finance system during the normal course of business. They can be adjustments, corrections, or special entries that are entered to provide a complete picture of financial and business operations. Businesses don't run perfectly, and manual journal entries allow you to deal with imperfections. Manual journal entries in an Enterprise Resource...

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