Introduction to Financial Statements in Power BI

About This Course

Understanding financial statements is crucial for assessing a company's financial health. In this course, we will examine the financial statements of a fictional automotive company, Larry's Automotive. Our main focus will be on the income statement and balance sheet. You will learn to use data visualization techniques to create customized dashboards for the company's financial data, enabling you to identify trends, key performance indicators (KPIs), and potential errors. Additionally, we will compute essential performance metrics such as Cost of Goods Sold (COGS) and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), while also reviewing significant profitability ratios like the profit margin. Mastering these skills will set the foundation for a successful career as a financial analyst.