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Introduction to Financial Statements in Power BI

Nikisha Alcindor

Data Scientist and Investor

The accounting equation

  • Balance Sheet
  • Income Statement
  • Accounting Equation
  • Detection of Trends
  • Correction of Errors

Screen shot of balance sheet

Introduction to Financial Statements in Power BI

Budgetary planning

  • Limit financial surprises through budgeting and forecasting
  • Created financial statements
    • included budgeted and forecasted numbers
  • Calculated variance
  • Analyzed actual vs. budget and forecast

Budgeted balance sheet screen shot

Introduction to Financial Statements in Power BI

Company performance and financial analysis

The relationship among selected items of financial statement data.

  • Liquidity ratios
  • Profitability Ratios

Screenshot of profitability ratios

Introduction to Financial Statements in Power BI

Congratulations!

Introduction to Financial Statements in Power BI

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