Easily Replace Selected Option from the 12 Month Income Statement

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How to Replace Selected Option from the 12 Month Income Statement

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whats up guys Parker here in todays video Im gonna show you how to display the previous twelve months of data based on one date selection this might be pretty hard to wrap your mind around so let me go ahead and dive into the demo so recently I had a client asked me that if they selected one date they want to show the previous 12 months of data which is kind of counterintuitive because by default power bi is going to allow you to select a date and its going to filter down the graph just to show one date so in this case would be one column and one point on the line but as you see Ive selected 831 2012 and we show the data from 831 2012 all the way back to 831 2012 so if we select another date well see that dynamically changes to show our selected date to the previous twelve months of data and if we dont select a date its just gonna select our most recent month which is January 31st 2014 back to January 31st 2013 so theres a kind of cool trick that you can do just by creating a

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What is the difference between cash flow balance sheet and income statement?

Balance sheets show what a company owns and what it owes at a fixed point in time. Income statements show how much money a company made and spent over a period of time. Cash flow statements show the exchange of money between a company and the outside world also over a period of time.

How do you fill out a monthly income statement?

Steps to Prepare an Income Statement Choose Your Reporting Period. Your reporting period is the specific timeframe the income statement covers. Calculate Total Revenue. Calculate Cost of Goods Sold (COGS) Calculate Gross Profit. Calculate Operating Expenses. Calculate Income. Calculate Interest and Taxes. Calculate Net Income.

Does the statement of cash flows replace the income statement?

The cash flow statement cannot exist without the income statement, as it begins with the net income or loss derived from the income statement, and goes onto show how well a company manages its cash position.

Is statement of cash flows the same as income statement?

A cash flow statement sets out a businesss cash flows from its operating activities, its financing activities, and its investment activities. An income statement provides users with a businesss revenues and gains, as well as expenses and losses, over a specific period of time.

Which is more important income statement or cash flow statement?

Types of Financial Statements: Income Statement. Typically considered the most important of the financial statements, an income statement shows how much money a company made and spent over a specific period of time.

What is a 12-month income statement?

Trailing 12 months (TTM) is the term for the data from the past 12 consecutive months used for reporting financial figures. A companys trailing 12 months represents its financial performance for a 12-month period; it does not typically represent a fiscal-year ending period.

What are alternative terms for income statement?

The income statement is also known as a profit and loss statement, statement of operation, statement of financial result or income, or earnings statement.

Can cash flow statement be a substitute of income statement?

It can not be substituted for Income Statement because Income statement includes both cash as well as non-cash transaction (such as Depreciation) and gives the balancing figure as Net Profit or Net Loss, without which Cash Flow statement can not be prepared.

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