Go back to Courses

Building Financial Statements in Excel with Power Pivot

  • On-Demand
Author: Ken Puls
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.
Course

Building Financial Statements in Excel with Power Pivot

$270 Renews at $69 per year
(All prices in USD)
This Course contains:
12h of training content
12 Content Modules
Downloadable files and Handouts
Support and Discussion groups
Certificate of completion
DURATION:
12h
TOOLS:
Excel
Power Pivot
SKILLS:
Data Preparation
Data Modeling
DAX Formulas
PivotTable Reporting

What you'll learn?

Configuring a Power Pivot model for finance solutions
The essentials for a Chart of Accounts table
A layered approach to complex DAX formulae
Methods to build General Ledger, General Journal & Trial Balance reports
How to build Income (P&L), Balance Sheet, Cash Flow statements
Creating a Forecasted Actuals Statement
Formatting tricks to make your statements look great
Protection techniques for your models

Course Overview

Course Description

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:

  • Correctly laying out the chart of accounts for financial statement reporting.
  • Building P&L measures which display Revenues and Expenses as positive values, subtotal correctly and include comparative period columns.
  • Creating Balance Sheet measures which display as positive values, subtotal correctly, and calculate current earnings and retained earnings.
  • Generating measures to correctly display the Statement of Cash Flows metrics, grouping them appropriately into their cash, non-cash and financing sub-groups.
  • Architecting a forecasted actual statement that switches to display actual vs forecasted values.
  • Following key DAX patterns for creating General Journal, General Ledger and Trial Balance reports.

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.

Who this course is for?

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:

  • Experience in working with Power Pivot and the DAX formula language.
  • Experience using Power Query for reshaping and loading data to the Power Pivot data model.
  • Understanding of the CALCULATE() function and experience using it to modify filter context.
  • Working knowledge of financial statements (including Balance Sheet, Profit & Loss and Statement of Cash Flows)

Course Update Log

First release of the course.

Course Formats

On-Demand
This is an on-demand course, delivered via pre-recorded video modules that you can consume at your own pace. It includes all required sample files and practice sets.

Course Content

Welcome to the Course!
3 Lessons
Getting Started
Course Introduction
Who’s Ken?
Dimensional Models for Finance
8 Lessons
The Financial “Star” Schema
Getting Started… the Easy Way
Fact Table Design Options
Example: Getting Transaction (Fact) Data
Example: Getting Budget (Fact) Data
Example: Adding Key Dimensions
Example: Adding a Calendar Table
Example: Linking the Model Tables
General Journal
3 Lessons
Goals & Rules of the General Journal
Creating [Debit $] and [Credit $] Measures
Finalizing the General Journal Report
Helper Measures
5 Lessons
Why We Need Helper Measures
Creating a Helper Measure Table
Date Helper Measures
Text Helper Measures
Cash Flow Helper Measures
Income Statement (P&L)
8 Lessons
Goals & Rules of the Income Statement
Review: The VAR Statement
Review: The SWITCH Function
Building the [Actual $ – Selected] Measure
YTD & Revenue Specific Measures
Budget Specific Measures
Variance Measures
Finalizing the Income Statement Report
Balance Sheet
7 Lessons
Goals & Rules of the Balance Sheet
Fixing the [Actual $ – Selected] Measure
Building Lifetime to Date Measures
The Current Earnings Measure
The Retained Earnings Measure
Building the [Actual $ – BS] Measure
Finalizing the Balance Sheet Report
Statement of Cash Flows
7 Lessons
Goals & Rules of the Cash Flow Statement
Understanding the SCF Leaf Table
Creating the Opening Cash Measure
Creating the Cash Change Measure
Creating the Non-Cash Measure
Creating the Cash Effect Measure
Finalizing the Cash Flow Statement
Expected (Forecasted) Actuals
4 Lessons
Goals & Rules of the Expected Actuals Forecast
Creating an EAMonths Table
Building the Expected $ Measure
Finalizing the Expected Actuals Forecast
Trial Balance
6 Lessons
Goals & Rules of the Trial Balance
Trial Balance Helper Measures
Debit -TB Measure Framework
Creating the [Credit – TB] Measure
Fixing the [Debit – TB] Measure
Finalizing the Trial Balance
General Ledger
9 Lessons
Goals & Rules of the General Ledger
General Ledger Helper Measures
Creating the GL Opening Balance
Creating the GL Ending Balance
Creating the [Actual – GL] Measure
Creating a Running Balance Measure
Solving Running Balance Issues
Forcing 0’s on Subtotal Lines Only
Finalizing the General Ledger Report
Preparing for Users
4 Lessons
Hiding Measures & Tables From View
Organizing Measures
Linking Slicers & Timelines
Protecting Your Work
Rate the Course
1 Lesson
Course Feedback

How subscription works?

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.

About the author

Ken Puls

Microsoft MVP, FCPA, FCMA
Ken Puls is one of the founding partners of Skillwave.Training, and the President and Chief Training Officer of Excelguru Consulting Inc. in Canada. He is a Chartered Professional Accountant, blogger, author, and trainer with over 20 years of business and IT experience. His passion lies in exploring tools to turn data into information, and teaching others how to use them. Ken is a Microsoft MVP and a leading expert in Excel, Power Query, and Power BI.

FAQ

How do I access the course materials? Are they downloadable?
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.
Where are the course videos hosted?
All the videos for the course are hosted on Vimeo. Please note that some networks block access to Vimeo, in which case the videos will not be watchable. You may want to double-check that your network allows access to Vimeo before registering in the Academy, to ensure that you will be able to see the videos.
What support is included with the course? How do I ask questions?
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.
How do I access my Certificate of Completion?
After all the modules and lessons have been completed, you will be able to download the Certificate of Completion from the My Courses area of your Account Dashboard.
How do I renew my subscription?
If you subscription is set to auto-renew, our system will automatically renew your subscription for another year on your renewal date using the billing information on file. If you subscription is set to manual renewal, our system will generate a manual invoice and email it to you on the renewal date. About a month (4 weeks) before your next renewal date, you will receive an email from us reminding you that the renewal is coming up and to confirm your billing details so your access is uninterrupted.
How do I cancel my subscription?
You may cancel your subscription at any time, and you will continue to have access to all of your course materials until your expiry date. To cancel your subscription, go to the Billing page from your Account Dashboard and select the subscription to cancel from the My Subscriptions area. Once in the Subscription Details page, you can then choose to cancel your subscription from the Actions field. After your subscription expires, you will not longer have access to the course materials.
What payment methods do you accept? What currency is used?
We accept credit card payments through our secure online payment portal, Stripe. If you would like to discuss other payment options, please get in touch through our Contact Us page. All transactions are charged in US Dollars. Please note that because Skillwave is registered in Canada, we are required by Canada Revenue Agency to collect the 5% Goods & Services Tax (GST) on registrations made by Canadians.
What is your refund policy for this course?
We think you will love our training; however, if you are unsatisfied with the training for any reason, we offer a 14-day 100% money-back guarantee, as long as you have completed less than 25% of the course. All we ask in return is that you tell us why you were unsatisfied with the training. We do not offer refunds if you have completed over 25% of the course and/or it is more than 14 days after the purchase date.
Can an account be shared with or transferred to another user?
Logins, downloads, and other materials are for the exclusive use of the registered user only. Sharing of credentials is in violation of our site policies and may result in termination of product and/or site access without notice.

Reviews

Building Financial Statements in Excel with Power Pivot

5
(2 Reviews)
5
4
3
2
1

2 reviews for Building Financial Statements in Excel with Power Pivot

  1. Marvin Rivas (verified owner)

    I was excited when I saw it listed in the course catalog in Skillwave.

  2. Eric (verified owner)

    This course is awesome. Ken did a great job. I’m slowly making my way through the first time, knowing I will do a deeper dive afterwards. It is the best course I have found on integrated 3-way statements using power query, power pivot and DAX.

Only verified customers who have purchased this product may leave a review.

Recommended Courses

Continue your learning journey with our other training offerings. We’ll help you take your skills to the next level.