Key benefits
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
Description
This 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.
Who is this book 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.
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

Table of Contents
Editor’s notes
Downloadable Resources
CHAPTER 1: Introduction
CHAPTER 2: Introduction to Power Bl
CHAPTER 3: Best Practice Methodology
Chapter 4: Financial Statements Theory
CHAPTER 5: Control Accounts
CHAPTER 6: Getting Started
CHAPTER 7: Creating Parameters
CHAPTER 8: Calculating Sales
CHAPTER 9: Formatting Matrix Visualisations
CHAPTER 10: Calculating COGS (Part 1)
CHAPTER 1l: VAR Variables
CHAPTER 12: Calculating Inventory (FIFO)
CHAPTER 13: Average Inventory Calculation
CHAPTER 14: Calculating COGS (Part 2)
CHAPTER 15: Calculating Operating Expenditure (Opex)
CHAPTER 16: Calculating Capital Expenditure (Capex)
CHAPTER 17: Calculating Debt
CHAPTER 18: Calculating Interest
CHAPTER 19: Income Statement (Part 1)
CHAPTER 20: Calculating Tax (Part 1)
CHAPTER 2l: Recursion Aversion
CHAPTER 22: Calculating Tax (Part 2)
CHAPTER 23: Income Statement (Part 2)
CHAPTER 24: Calculating Equity and Dividends
CHAPTER 25: Cash Flow Statement
CHAPTER 26: Balance Sheet
CHAPTER 27: And Finall…
Index.