Financial Reporting with Power BI: Basic Financial Analysis from Coursera

Through practical exercises and a real-world scenario, learners will create a financial report to help a business owner decide if they should expand their business in the near future. By the course's conclusion, participants will be able to import financial data into Power BI and use tools such as Power Query to clean financial data, ensuring it is primed for in-depth financial analysis. Learners will learn to create informative visuals that effectively communicate financial data and analysis, enabling better decision-making for stakeholders. Additional focus of the course will be on utilizing DAX (Data Analysis Expressions) formulas to perform various financial analyses. Participants will delve into DAX's functionalities, enabling them to analyze financial statements and comprehend a company's financial position and performance over time.

The prerequisites for this course include a basic knowledge of financial statements. A basic knowledge of excel formulas would be nice.

What's inside

Syllabus

Project Overview

In this comprehensive course, learners will acquire essential skills to harness the power of Power BI for financial analysis. Whether you are a finance professional seeking to enhance your analytical capabilities or an aspiring data analyst in the financial domain, this course will equip you with valuable skills to interpret financial data using Power BI, leading to smarter financial decisions and strategic planning. Through practical exercises and a real-world scenario, learners will create a financial report to help a business owner decide if they should expand their business in the near future. By the course's conclusion, participants will be able to import financial data into Power BI and use tools such as Power Query to clean financial data, ensuring it is primed for in-depth financial analysis. Learners will learn to create informative visuals that effectively communicate financial data and analysis, enabling better decision-making for stakeholders. Additional focus of the course will be on utilizing DAX (Data Analysis Expressions) formulas to perform various financial analyses. Participants will delve into DAX's functionalities, enabling them to analyze financial statements and comprehend a company's financial position and performance over time.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Teaches how to use Power BI to analyze financial data effectively

Leverages hands-on exercises and a real-world case study to enhance learning

Equip learners with skills to analyze financial statements and comprehend a company's financial health

Assumes prior knowledge of financial statements

Incorporates DAX formulas for in-depth financial analysis

Prior knowledge of Excel formulas would be beneficial

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Financial Reporting with Power BI: Basic Financial Analysis with these activities:

Read 'Power BI for Financial Analysis' by Rob Collie

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Expand your knowledge of Power BI for financial analysis by reading this comprehensive book

View Power Pivot and Power BI: The Excel User's... on Amazon

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Read through the book and highlight key concepts
Apply the concepts you learn to your own financial analysis projects
Participate in online discussions or forums related to the book

Review Course Materials and Notes

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Reinforce your understanding of course concepts by reviewing and organizing notes and materials

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Review lecture notes and slides
Compile and organize notes from readings and online resources

Form a Study Group with Classmates

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Discuss course concepts and collaborate on assignments with fellow learners

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Form a study group with classmates that have similar goals
Meet regularly to discuss lecture materials, assignments, and projects
Work together to solve problems and enhance your understanding

Six other activities

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Assist Fellow Learners in the Course Discussion Forum

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Reinforce your understanding of course concepts by assisting other learners in the discussion forum

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Monitor the discussion forum for questions and queries
Provide helpful responses and explanations based on your knowledge
Engage in respectful discussions and exchange ideas with fellow learners

Follow Online Tutorials on Advanced Power BI Features

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Enhance your skills in Power BI by following guided tutorials that cover advanced features and techniques

Browse courses on Data Analysis

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Identify online tutorials from reputable sources
Follow the tutorials step-by-step
Apply the learned techniques to your own financial analysis tasks

Build a Financial Report for a Business Case

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Apply your Power BI skills to create a comprehensive financial report that supports business decision-making

Browse courses on Financial Reporting

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Import and clean financial data using Power Query
Identify key financial metrics and data sources
Develop visualizations and dashboards to present financial insights
Analyze financial data and provide recommendations based on findings

Practice DAX Queries and Formulas

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Improve your proficiency in creating DAX queries and formulas to analyze financial data and enhance decision-making

Browse courses on Power BI

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Review DAX syntax and functions
Create practice scenarios using real-world financial datasets
Implement and test DAX queries and formulas to solve financial analysis problems

Develop a Financial Analysis Tool

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Deepen your understanding of Power BI and financial analysis by creating a custom tool that automates financial data analysis

Browse courses on Power BI

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Identify a specific financial analysis problem to solve
Design and develop a solution using Power BI
Test and refine the tool to ensure accuracy and efficiency
Document the tool's functionality and usage

Contribute to the Power BI Community Forums

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Share your knowledge and gain insights from the wider Power BI community by contributing to the forums

Browse courses on Data Analysis

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Join the Power BI community forums
Participate in discussions and ask questions
Contribute to the community by sharing your own knowledge and solutions

Career center

Learners who complete Financial Reporting with Power BI: Basic Financial Analysis will develop knowledge and skills that may be useful to these careers:

Business Intelligence Developer

Business Intelligence Developers are responsible for designing and developing data-driven solutions to support business decision-making. This course can be very helpful to those in this field as it will provide the necessary skills to prepare and analyze financial data in Power BI. Additionally, DAX formulas taught in this course can be used to build financial models and enhance data analysis.

See salaries and explore the career path for Business Intelligence Developer

Financial Data Analyst

Financial Data Analysts are focused on analyzing large sets of financial data to build models and discover trends that can be used to drive better decision making. This course will be highly beneficial to those in this role by expanding their skill set to prepare and analyze data in Power BI. Additionally, these individuals will be able to use DAX to clean, analyze, and share their findings in a better way.

See salaries and explore the career path for Financial Data Analyst

Financial Risk Analyst

Financial Risk Analysts assess the risks and potential impacts of financial instruments and transactions. This course will be helpful in developing the skills necessary to understand how financial data relates to risk. Furthermore, the Power BI skills gained in this course can be used to effectively communicate complex financial data to others.

See salaries and explore the career path for Financial Risk Analyst

Auditor

Auditors are responsible for examining and verifying the accuracy of financial records. This course will be helpful for developing skills needed to analyze financial data and identify potential risks. Using Power Query to clean financial data as taught in this course will ensure the accuracy of financial records prior to analysis.

See salaries and explore the career path for Auditor

Risk Manager

Risk Managers identify, assess, and mitigate risks that could impact an organization. This course can help develop the necessary skills to understand how financial data relates to risk management. Additionally, Power BI skills gained in this course will help to effectively communicate risk data to stakeholders.

See salaries and explore the career path for Risk Manager

Data Analyst

Data Analysts are responsible for collecting, cleaning, and analyzing data to help organizations make better decisions. This course will provide helpful skills for this role as Power BI is commonly used to prepare, analyze, and visualize data. The DAX formulas taught in this course will be especially beneficial in performing complex financial analysis.

See salaries and explore the career path for Data Analyst

Tax Analyst

Tax Analysts are responsible for analyzing tax laws and regulations to ensure that organizations comply with tax requirements. This course may be helpful for developing the necessary skills to understand financial data as it relates to tax. Furthermore, Power BI skills will help effectively communicate complex financial and tax data to management and external stakeholders.

See salaries and explore the career path for Tax Analyst

Financial Analyst

Financial Analysts are employed in nearly every industry. This course may help individuals in this role to take their analysis one step further. Creating interactive reports with Power BI will increase efficiency and the ability to quickly make informed decisions. Financial Analysts often need to distill complex financial information into clear and easily understandable terms. Power BI allows for this information to be shared in engaging visuals.

See salaries and explore the career path for Financial Analyst

Credit Analyst

Credit Analysts analyze the creditworthiness of individuals and businesses. This course may be helpful for developing the skills needed to analyze financial data and assess risk. Power BI skills taught in this course will help visualize complex financial data in interactive reports for efficient decision making.

See salaries and explore the career path for Credit Analyst

Budget Analyst

Budget Analysts plan and manage the financial resources of an organization. This course may be helpful in developing the skills needed to analyze financial data and create budgets. DAX formulas taught in this course will help build financial and forecasting models for budgeting purposes.

See salaries and explore the career path for Budget Analyst

Investment Analyst

Investment Analysts evaluate and make recommendations on stocks, bonds, and other financial investments. This course will help in developing the necessary financial analysis skills needed to succeed in this role. Additionally, the DAX formulas taught in this course can be used to enhance financial models that assess the risk and return of different investments.

See salaries and explore the career path for Investment Analyst

Financial Manager

Financial Managers plan, organize, direct, control, and coordinate the financial activities of an organization. This course will be beneficial for those in this role as it will help develop the skills needed to effectively analyze financial data. Additionally, this course will teach DAX, which can be used to enhance financial models and create interactive reports.

See salaries and explore the career path for Financial Manager

Financial Planner

Financial Planners help people manage their finances and make informed decisions about their money. This course may be helpful for developing the necessary skills to understand how financial data relates to an individual's financial goals. Furthermore, the Power BI skills gained in this course can be used to effectively communicate complex financial data to clients.

See salaries and explore the career path for Financial Planner

Financial Consultant

Financial Consultants advise corporate, institutional, and individual clients on financial matters. This could include strategizing for future financial success or advising on large investments. This course may be helpful for those in this field as it will allow them to gain the necessary skills to analyze large datasets using Power BI. Additionally, this course will expand skillsets by teaching DAX formulas, broadening a Financial Consultant's analytical toolbox.

See salaries and explore the career path for Financial Consultant

Business Analyst

Business Analysts are responsible for analyzing an organization's business processes to identify areas for improvement. This course will be useful for those in this role as it will help develop the skills needed to analyze financial data. Additionally, the DAX formulas taught in this course can be used to enhance financial models and create interactive reports.

See salaries and explore the career path for Business Analyst