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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

6

Streamlining with Power Query

In the previous chapter, we focused on an applied area when working with finance data: manual journal entries. In this chapter, we're going to change direction by focusing on some of our standard practices when shaping and managing the data we use for our semantic models.

When we think of Power BI, we need to think of two tools, not one. Power BI comprises Power BI and Power Query; the latter is launched by clicking the Transform data button from the Power BI ribbon and is used every time we work with Power BI. We're certain there will be some readers who haven't clicked Home | Transform Data to see what lies behind the button, and that's why we wrote this chapter to walk you through the basics of Power Query.

Power Query is an integral part of the Power BI process as an ETL tool.

Great – another acronym, and what does it mean? ETL stands for Extract, Transform, Load, and is a common term in the data world...

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