Training on Integrated Financial Reporting for Accounting & Finance with Power BI

Course Description:

This comprehensive training course is designed to equip accounting and finance professionals with the skills and knowledge needed to harness the full potential of Power BI for integrated financial reporting. Participants will gain hands-on experience in leveraging Power BI's features to consolidate, analyze, and visualize financial data, enabling them to make informed decisions and enhance organizational financial management.

Course Objectives:

1. Gain a comprehensive understanding of Integrated Financial Reporting's role in accounting and finance.
2. Master Power BI installation, configuration, and usage for financial reporting.
3. Develop visually engaging and interactive financial dashboards using Power BI.
4. Design and customize financial statements with effective reporting principles.
5. Utilize Power BI for advanced data analysis, including trend and variance analysis.
6. Implement automated data refresh processes and ensure data security through role-based access control.
7. Apply learned concepts through practical exercises, case studies, and collaborative projects, culminating in a final project and certification.

Duration: 10 Days (Class Based)

                         14 Days Online-Instructor-led

Module 1: Introduction to Integrated Financial Reporting

1.1 Understanding Integrated Financial Reporting

1.1.1 Definition and importance

1.1.2 Evolution and trends in financial reporting

1.2 Overview of Power BI

1.2.1 Introduction to Power BI

1.2.2 Key features and benefits

1.2.3 Power BI in the context of financial reporting

Module 2: Setting Up Power BI for Financial Reporting

2.1 Installation and Configuration

2.1.1 Download and installation procedures

2.1.2 Connecting Power BI to data sources

2.1.3 Configuration for financial reporting needs

2.2 Data Sources Integration

2.2.1 Connecting to Excel spreadsheets

2.2.2 Integration with databases (SQL Server, Oracle, etc.)

2.2.3 Cloud-based data sources and APIs

Module 3: Building Financial Dashboards

3.1 Understanding Power BI Desktop

3.1.1 Navigating the Power BI Desktop interface

3.1.2 Importing and transforming financial data

3.1.3 Data modeling techniques

3.2 Designing Dynamic Dashboards

3.2.1 Creating visually appealing dashboards

3.2.2 Incorporating financial KPIs

3.2.3 Implementing interactivity and slicers

Module 4: Customizing Financial Reports

4.1 Report Design Principles

4.1.1 Importance of report design in financial reporting

4.1.2 Best practices for creating effective reports

4.2 Customizing Financial Statements

4.2.1 Income statements and balance sheets

4.2.2 Cash flow statements

4.2.3 Budget vs. actual reports

Module 5: Data Analysis and Visualization

5.1 Advanced Data Analysis

5.1.1 Trends and variance analysis

5.1.2 Forecasting techniques

5.1.3 Drill-through and detailed analysis

5.2 Visualizations for Financial Insights

5.2.1 Utilizing charts and graphs effectively

5.2.2 Heatmaps and trend analysis

5.2.3 Geographic and financial mapping

Module 6: Automation and Scheduled Refresh

6.1 Automating Data Refresh

6.1.1 Setting up automatic data refresh

6.1.2 Managing data connections

6.1.3 Troubleshooting common refresh issues

6.2 Security and Access Control

6.2.1 Implementing role-based security

6.2.2 Managing user access to financial reports

6.2.3 Data encryption and compliance considerations

Module 7: Case Studies and Practical Applications

7.1 Real-world Examples

7.1.1 Case studies of successful integrated financial reporting with Power BI

7.1.2 Lessons learned and best practices

7.2 Hands-On Workshops

7.2.1 Guided exercises for participants to apply concepts

7.2.2 Building custom financial reports and dashboards

Module 8: Collaboration and Sharing

8.1 Collaborative Features of Power BI

8.1.1 Sharing and collaborating on reports

8.1.2 Utilizing Power BI workspaces for team collaboration

8.2 Best Practices for Collaboration

8.2.1 Version control and change management

8.2.2 Communication strategies for financial reporting teams

Module 9: Final Project and Certification

9.1 Capstone Project

9.1.1 Participants work on a comprehensive financial reporting project

9.1.2 Presentation and feedback session

9.2 Certification Exam

9.2.1 Exam covering key concepts and practical skills

9.2.2 Certification awarded upon successful completion

Conclusion:

• Recap of key concepts
• Future trends in Integrated Financial Reporting
• Resources for continuous learning

Note: The course outline can be adjusted based on the specific requirements of the training participants and the available time

The course outline can be customized based on the specific needs and level of expertise of the target audience. Additionally, the difficulty level of the topics covered can be adjusted to suit beginners or more advanced learners.