Power Bi For Budget Analysis & Reporting Training Course

Introduction

Transforming raw financial data into actionable insights is crucial for effective budget analysis and impactful reporting. This essential training course focuses on leveraging Power BI for Budget Analysis & Reporting, equipping participants with the skills to utilize leading business intelligence platforms for financial data exploration and communication. You will learn how to connect to various data sources, build interactive dashboards, perform in-depth budget analysis, and generate compelling financial reports that drive informed decision-making. Mastering Power BI for budget analysis & reporting empowers organizations to gain a deeper understanding of their financial performance and improve forecasting accuracy.

This intensive training course delves into the practical application of utilizing business intelligence platforms like Power BI for sophisticated budget analysis and dynamic financial reporting. We will explore how to import and transform budget data, create insightful visualizations to identify trends and variances, and build interactive dashboards that allow stakeholders to drill down into key financial metrics. Participants will learn how to leverage Power BI's powerful analytical capabilities to perform scenario analysis, compare actuals against budgets, and generate visually appealing and easily understandable financial reports. By the end of this training course, you will be proficient in using Power BI to unlock the full potential of your budget data and enhance your financial reporting processes.

Target Audience

• Financial Analysts
• Budget Analysts
• Accountants
• Controllers
• Business Intelligence Developers
• Data Analysts
• Anyone involved in budget analysis and financial reporting

Course Objectives

• Understand the benefits of using Power BI for budget analysis and financial reporting.
• Learn how to connect Power BI to various data sources containing budget and actual financial data.
• Master data transformation and cleaning techniques within Power BI using Power Query.
• Develop skills in building data models in Power BI optimized for budget analysis.
• Learn how to create interactive visualizations (charts, graphs, tables) to analyze budget variances and trends.
• Master the creation of dynamic and user-friendly Power BI dashboards for budget reporting.
• Understand how to perform drill-down analysis and explore underlying budget data within Power BI.
• Learn how to create calculated measures and columns in Power BI for advanced budget analysis.
• Explore techniques for comparing actual financial performance against budget targets in Power BI.
• Understand how to implement security and sharing options for Power BI budget reports and dashboards.
• Learn how to utilize Power BI features for forecasting and trend analysis of budget data.
• Explore best practices for designing effective and informative Power BI budget reports.
• Develop a practical skillset in using Power BI to perform comprehensive budget analysis and generate impactful financial reports.

Duration

5 Days

Course Content

Module 1: Introduction to Power BI for Financial Reporting

• Understanding the Power BI ecosystem and its components (Power BI Desktop, Service, Mobile) for your module.
• Exploring the advantages of using Power BI for budget analysis compared to traditional methods.
• Connecting to various financial data sources (Excel, databases, cloud services).
• Navigating the Power BI Desktop interface and understanding its key features.
• Reviewing best practices for data connectivity and security in Power BI.

Module 2: Data Transformation and Cleaning with Power Query

• Importing budget and actual data into Power BI using Power Query (Get Data) for your module.
• Understanding common data cleaning challenges in financial datasets.
• Utilizing Power Query's transformation tools (filtering, sorting, removing duplicates, splitting columns).
• Shaping and restructuring data for optimal analysis and modeling.
• Applying data type conversions and handling errors in Power Query.

Module 3: Building Data Models for Budget Analysis

• Understanding the principles of relational database design and their application in Power BI for your module.
• Creating relationships between budget tables and actual financial data tables.
• Managing data cardinality and filter direction in the Power BI data model.
• Creating calculated tables for specific budget analysis requirements.
• Optimizing the data model for performance and efficient querying.

Module 4: Creating Interactive Budget Visualizations

• Selecting appropriate chart types (bar charts, line charts, waterfall charts) for budget variance analysis for your module.
• Creating visualizations to compare actuals against budget targets.
• Utilizing slicers and filters for interactive data exploration.
• Formatting visuals for clarity and impact in financial reports.
• Implementing drill-down capabilities to explore underlying budget details.

Module 5: Designing Dynamic Budget Dashboards

• Planning the layout and structure of effective Power BI budget dashboards for your module.
• Incorporating key budget metrics and visualizations for a high-level overview.
• Utilizing cards and KPIs to highlight critical budget performance indicators.
• Implementing navigation elements for easy exploration of different budget aspects.
• Ensuring dashboard design is user-friendly and accessible to stakeholders.

Module 6: Drill-Down Analysis and Data Exploration

• Utilizing Power BI's drill-down and drill-through features to investigate budget variances at different levels of detail for your module.
• Exploring the underlying data behind summary visualizations.
• Identifying the root causes of significant budget deviations.
• Creating interactive reports that allow users to explore budget data independently.
• Applying filters and cross-filtering to focus on specific budget segments.

Module 7: Calculated Measures and Columns for Advanced Analysis

• Understanding the power of DAX (Data Analysis Expressions) in Power BI for creating custom calculations for your module.
• Creating calculated measures to analyze budget variances (absolute and percentage).
• Developing measures for calculating key budget ratios and performance metrics.
• Utilizing calculated columns for segmenting and categorizing budget data.
• Applying time intelligence DAX functions for year-over-year and period-over-period budget comparisons.

Module 8: Comparing Actuals Against Budget Targets

• Creating visualizations that clearly highlight the differences between actual financial performance and budgeted amounts for your module.
• Utilizing conditional formatting to flag significant budget variances.
• Developing measures to calculate the percentage of budget consumed.
• Implementing variance analysis tables and charts for detailed comparisons.
• Analyzing trends in budget variances over time.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre.

We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.