DAX Calculated Column for Financial Analysis

DAX Formula for Calculated Column

Formula

To create a new calculated column using the IF function based on the provided criteria, the DAX formula is as follows:

NewAmount = IF([Type] = "B) Costs", [Amount (Eur)] * (-1), [Amount (Eur)])

Explanation of the Formula

• NewAmount: This is the name of the new calculated column being created.
• IF Function: The function evaluates the condition specified.
  • Condition: It checks if the value in the [Type] column equals "B) Costs".
  • True Result: If the condition is true, it multiplies the value in the [Amount (Eur)] column by -1, effectively converting positive costs into negative values.
  • False Result: If the condition is false, it retains the original value from the [Amount (Eur)] column.

Practical Example

Consider a hypothetical dataset with the following columns:

Using the formula above, the resulting calculated column (NewAmount) would be:

Summary

The DAX formula provided effectively converts specific costs into negative values while preserving other amounts, facilitating better financial analysis by clearly distinguishing between costs and revenues within your dataset. For further enhancement of your DAX skills, consider exploring resources available on the Enterprise DNA Platform.