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Duration 14 hours
Course Outline
Introduction to Power BI in Finance
- Exploring the Power BI ecosystem and its components.
- Examining data types and core features relevant to financial analysis.
- Reviewing the specific reporting needs of payroll and cash flow management.
Data Sources and Modeling
- Importing payroll and cash flow data from Excel or CSV sources.
- Constructing data models by establishing relationships and defining calculated columns.
- Implementing time intelligence functions to analyze payroll cycles and monthly trends.
Cash Flow Dashboards
- Visualizing the trajectory of inflows, outflows, and overall cash position.
- Conducting variance analysis and comparing forecasts against actuals.
- Designing KPI cards, line charts, and waterfall charts for comprehensive insights.
Payroll Reporting in Power BI
- Organizing payroll datasets to encompass earnings, benefits, and tax deductions.
- Generating reports segmented by department, location, or employee category.
- Detecting payroll trends, anomalies, and underlying cost drivers.
DAX for Financial Calculations
- Applying fundamental DAX expressions for cash flow metrics, such as net cash and rolling balances.
- Defining payroll-specific measures, including total compensation and tax ratios.
- Leveraging DAX to create cumulative views and monthly breakdowns.
Report Automation and Sharing
- Publishing dashboards to the Power BI Service for broader access.
- Configuring automated data refreshes and setting up report subscriptions.
- Ensuring secure sharing of reports with finance and HR stakeholders.
Best Practices and Use Case Walkthroughs
- Designing financial dashboards that are both clear and insightful.
- Utilizing what-if parameters for cash flow scenario modeling.
- Case study: Creating a full payroll overview with drill-down capabilities to the employee level.
Summary and Next Steps
Requirements
- A foundational grasp of financial principles and payroll mechanics.
- Proficiency with Microsoft Excel.
Target Audience
- Finance specialists engaged in payroll and cash flow reporting.
- HR analysts and payroll managers.
- Business analysts and Power BI practitioners within finance departments.
Testimonials (2)
The most valuable takeaway was learning how to apply the concepts in real-world scenarios and understanding the tools and processes.
Marcel Tansae - DB Technology
Course - Microsoft Power Automate
How to use relationships in Power BIand the differences between columns and measurements
