Business Intelligence with Microsoft Power BI - with Material - Day of Year, Quarter, or Month

The video tutorial explains how to use Power Query to determine specific days of the month, year, and quarter based on a given date of birth. It provides step-by-step instructions for financial professionals to easily calculate these values without coding, using simple button clicks in Power Query. The tutorial emphasizes the practical application of these calculations in finance-related tasks.

What is the primary tool suggested for calculating specific days related to a date of birth?

• VBA Scripts

• Power Query

• Excel Formulas

• Manual Calculation

Which feature in Power Query is used to find the day of the month?

• Remove Duplicates

• Merge Queries

• Add Column

• Transform Data

How can you determine the day of the year using Power Query?

• By using the 'Add Column' feature and subtracting the start of the year from the date of birth

• By using Excel's DAY function

• By manually counting the days from the start of the year

• By using a calendar

What is the first step in calculating the day of the quarter in Power Query?

• Subtract the date of birth from the current date

• Use the 'Add Column' feature

• Calculate the day of the month first

• Find the start of the quarter

Why is Power Query particularly useful for finance professionals?

• It integrates with all accounting software

• It is a free tool

• It provides financial forecasting

• It requires no coding and simplifies complex date calculations