This advanced course explores the data structure and measures required to build financial statements in Excel using the DAX language. We’ll review the required Chart of Account setup and follow this with key DAX patterns for creating Profit & Loss, Balance Sheet, Statement of Cash Flow, Expected Actuals statements, as well as General Journal, General Ledger and Trial Balance reports.
If you’ve worked with Excel Power Pivot for any amount of time, you know that it has incredible potential to change your reporting game. But while building a simple sales report may be easy, have you struggled to re-create a full set of financial statements in DAX?
Let’s face it, generating your current month’s sales may be easy, but how do you display that next to year to date, or same period prior year? Then comes the balance sheet. While calculating a year-to-date balance for assets and liabilities is not super difficult, what about current earnings? How about retained earnings to the end of the prior period?
Next up comes everyone’s most dreaded statement: the Statement of Cash Flows. Many users find this hard enough to work out with a regular Excel spreadsheet, but how about using DAX Measures?
Finally, we’ll explore the Forecasted Actual statement, which allows you to dynamically pull from historical actual values – where they exist – and report budget (or forecast) for the months that haven’t happened yet.
In this course we will explore creating the key requirements behind building a robust set of financial statements. Concepts that will be covered include:
This training is an expert level, hands-on Excel course which leverages Power Query and Power Pivot. Please see the “Who is the Course For” section below to ensure that you have the background knowledge required before attending.
This is an advanced course which targets users with Power Pivot experience who are struggling with the DAX formulae required to build financial statements. It is geared toward those with:
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First release of the course.
This course is built on an annual subscription format. Your registration comes with 12 months of access to the course materials, so you can refer back to the videos and example files whenever you like. Your subscription also gives you access to our private Discussion Forum, where you can ask questions related to the course materials, as well as how to apply those teachings to your own work. This forum is an invaluable resource that also allows students to practice their own learnings by helping others with those questions.
On your annual renewal date, your subscription will be automatically renewed with the credit card information on file, unless you cancel your subscription beforehand. You will be emailed a renewal reminder about one month before the renewal date. Please see the FAQs below for information about subscription renewals and cancellations.
The videos are streamed on-demand and may be watched as often as you like. However, they are not downloadable. The example files and handouts for each lesson are downloadable.
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All users with a current course subscription receive access to our private Discussion Forum, where they can ask questions related to the course materials, as well as how to apply those teachings to their own work. This forum is also intended to act as a place for students to practice their own learnings by helping others with those questions. While the focus of this forum is primarily aimed at allowing students to learn by helping each other, they are monitored by our course authors as well. For technical issues related to the site, course access, or other questions regarding your account, please get in touch through our Contact Us page.
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