the The Role of Power BI Applying in Accounting Financial Performance Analysis: An Analytical Study of the Opinions of a Sample of Employees in Industrial Companies in the Kurdistan Region of Iraq

Authors

  • Dlwan Taher Azzat Khan Faculty of Law, Political Science and Management Accounting Department. Kurdistan Regional Government – Iraq
  • Rizgar Abdullah sabir Jaf Department of Accounting, College of Administration and Economics, Salahaddin University-Erbil, Kurdistan Region, Iraq

DOI:

https://doi.org/10.21271/zjhs.30.SpB.32

Keywords:

Power Bi, Visualization, Financial Performance Analysis, Financial Health

Abstract

This research aims to investigate the impact of Microsoft Power BI affects financial performance analysis in industrial firms in the Kurdistan Region of Iraq. As more businesses rely on big data and digital tools to make data-driven decisions, Power BI has become a popular business intelligence tool. The research addresses the lack of real evidence showing how Power BI helps with key financial areas including revenue, expenses, cash flow, profitability, financial health, and investment appraisal.

To investigate this, a quantitative approach was used with a structured questionnaire sent to 20 industrial companies in Erbil, Sulaymaniyah, and Duhok. Out of 87 surveys sent, 78 valid responses were collected. The data was analysis using correlation and regression to examine how Power BI’s features like cost reduction, productivity improvement, and competitive advantage relate to financial performance.

The results show that Power BI has a positive impact most financial areas, especially profitability, investment appraisal, and revenue. Among the features studied, competitive advantage had the strongest effect, while cost reduction had a smaller impact.

In conclusion, the study shows that using Power BI to analysis big data in financial processes facilitates better decision-making, faster reporting, and stronger financial control. This highlights the value of BI tools for industrial firms in developing regions and suggests that more companies should adopt digital solutions for financial management.

References

- Alexandru, C.G., 2019. The role of profitability rates and profit margins in assessing the company's financial performance. Annals – Economy Series, 1, pp.137–142.

- Alnoukari, M. and Alhussan, A., 2021. The impact of business intelligence on organizations’ effectiveness: An empirical study. Procedia Computer Science, 181, pp.1044–1051. https://doi.org/10.1016/j.procs.2021.01.289

- Altdorf, A., 2024. Operational work management with data and management reporting: Utilizing Power BI reporting and visualization [Master’s thesis] Metropolia University of Applied Sciences.

- Ames, M., 1998. Assessing the profitability of forest-based enterprises. In: M. Ruiz Pérez and J. E. M. Arnold, eds. Incomes from the Forest. CIFOR, Indonesia, pp.107–136.

- Aspin, A., 2018. Pro Power BI Desktop: Interactive data analysis and visualization for the desktop. 2nd ed. Apress. https://doi.org/10.1007/978-1-4842-3210-1

- Ayuso García, P., 2023. Analysis and visualization of financial data with Power BI [Master's thesis] UPF Barcelona School of Management.

- Barnard, O., 2025. Maximize your Power BI ROI: Calculate savings & efficiency now. Ebiexperts, [online] 21 Feb. Available at: https://www.ebiexperts.com/powerbi-roi-maximizer-calculate-your-roi-today/

- Bhosale, S.S. and Sawant, S.S., 2020. A comparative study of business intelligence tools with focus on Power BI. In: 2020 International Conference on Emerging Trends in Information Technology and Engineering (ic-ETITE). IEEE, pp.1–5. https://doi.org/10.1109/ic-ETITE47903.2020.256

- CFA Institute, 2024. Introduction to financial statement analysis. [online] Available at: https://www.cfainstitute.org/insights/professional-learning/refresher-readings/2024/introduction-financial-statement-analysis

- Collie, R., & Singh, A. (2016). Power Pivot and Power Bi: The Excel User's Guide to DAX, Power Query, Power Bi & Power Pivot in Excel 2010-2016. Tickling Keys, Inc.

- Dealhub, 2024. Revenue analytics. [online] Available at: https://dealhub.io/glossary/revenue-analytics/

- Dokka, 2024. Financial performance analysis. [online] Available at: https://dokka.com/glossary/financial-performance-analysis/

- Dubych, Y., 2024. Financial performance analysis: Definition, formula & examples. Coupler.io, [online] Available at: https://blog.coupler.io/financial-performance-analysis/

- Egwu, E.M., Orugun, F.I. and Adelakun, A., 2021. Exploration of cash flow management for enterprise's business performance. Asian Journal of Economics, Business and Accounting, 21(10), pp.97–105.

- Forrester Consulting, 2020. The Total Economic Impact™ of Microsoft Power BI. Forrester Research. [online] Available at: https://www.forrester.com/report/The+Total+Economic+Impact+Of+Microsoft+Power+BI/-/E-RES157138

- Heesen, B., 2024. Effective strategy execution: Business intelligence using Microsoft Power BI. Springer Nature.

- Jaf, R. A. S., & Rashid, C. A. (2023). The Role of Accounting Measurement and Disclosure of Social Capital in Improving Financial Performance. Academic Journal of Nawroz University, 12(4), 469-477.

- Kagan, J., 2024. Financial health. Investopedia, [online] 26 Aug. Available at: https://www.investopedia.com/terms/f/financial-health.asp

- Kenton, W., 2024. Financial performance. Investopedia, [online] Available at: https://www.investopedia.com/terms/f/financialperformance.asp

- Khzer, K.A. and Sabir Jaf, R.A. (2023). The Role of Income Smoothing on

- Financial Performance Indicators. 3C Empresa. Investigación y pensamiento crítico, 12(2), 362-376. https://doi.org/10.17993/3cemp.2023.120252.362-376

- Laghari, F., Ahmed, F. and López García, M.D.L.N., 2023. Cash flow management and its effect on firm performance: Empirical evidence on non-financial firms of China. PLOS ONE, 18(6), p.e0287135.

- Liberto, D., 2024. Financial analysis. Investopedia, [online] Available at: https://www.investopedia.com/terms/f/financial-analysis.asp

- Litvak, A., 2024. The 6 types of revenue analysis and when to use them. Sightfull, [online] 12 Nov. Available at: https://www.sightfull.com/resources/blogs/revenue-analysis-types/#section-8

- Mahdi, M. and Khaddafi, M., 2020. The influence of gross profit margin, operating profit margin and net profit margin on the stock price of consumer good industry in the Indonesia stock exchange on 2012–2014. International Journal of Business, Economics, and Social Development, 1(3), pp.153–163.

- Melicher, R.W. and Norton, E.A., 2017. Introduction to finance: Markets, investments, and financial management. 16th ed. John Wiley & Sons.

- Melvin, J., Boehlje, M., Dobbins, C. and Gray, A., 2004. The Dupont profitability analysis model: An application and evaluation of an e-learning tool. Agricultural Finance Review, 64(1), pp.75–89.

- Microsoft, 2024. Power BI updates and features. [online] Available at: https://powerbi.microsoft.com

- Nariswari, T.N. and Nugraha, N.M., 2020. Profit growth: Impact of net profit margin, gross profit margin and total assets turnover. International Journal of Finance & Banking Studies, 9(4), pp.87–96.

- Ragan, J. M., Dobroskey, A., & Pro, J. (2022). Powering up with Power BI within the accounting curriculum: A case approach. Journal of Business Cases and Applications, 47, 1–10.

- Ramamoorthy, A.A. and Keerthivasan, 2024. Expense tracking: Importance and strategies. Spendflo, [online] 10 Dec. Available at: https://www.spendflo.com/blog/expense-tracking-importance-strategies

- Rashid, C. A., & Jaf, R. A. S. (2023). The Usefulness of The Capital Asset Pricing Model in Predicting Total Shareholder Return. Zanco Journal of Humanity Sciences, 27(1), 408-416.

- Sanabia-Lizarraga, K.G., Carballo-Mendívil, B., Arellano-González, A. and Bueno-Solano, A., 2024. Business intelligence for agricultural foreign trade: Design and application of Power BI dashboard. Sustainability, 16(21), Article 9576.

- Sharda, R., Delen, D., Turban, E., Aronson, J. and Liang, T., 2014. Business intelligence and analytics: Systems for decision support. Pearson.

- Singh, S.P. and Singh, S.K., 2021. Power BI as a business intelligence tool for decision making. International Journal of Engineering Research & Technology (IJERT), 10(06), pp.1–5.

- Soaring Eagle Data Solutions, 2023. Why should you implement a Power BI solution immediately. SE Data Solutions, [online] 8 Jun. Available at: https://www.sedatasolutions.io/why-should-you-implement-a-power-bi-solution-immediately/

- Solomon, D.C. and Muntean, M., 2012. Assessment of financial risk in firm's profitability analysis. Economy Transdisciplinarity Cognition, 15(2), pp.58.

- TIO Staff, 2024. Investment appraisal: Definition and techniques. TIOmarkets, [online] 3 Jun. Available at: https://tiomarkets.com/article/investment-appraisal

- Tuovila, A., 2024. Financial analysis: Definition, types, and techniques. Investopedia, [online] 24 Jun. Available at: https://www.investopedia.com/terms/f/financial-analysis.asp

- Ulagaratchagan, A., 2019. Increase business impact with Power BI and Azure Analytics. Microsoft Power BI Blog, [online] 3 Oct. Available at: https://powerbi.microsoft.com/en-us/blog/increase-business-impact-with-power-bi-and-azure-analytics/

- UNSGSA, 2021. Measuring financial health: Concepts and considerations. [online] Available at: https://www.unsgsa.org/sites/default/files/resources-files/2021-11/Measuring-Financial-Health-note-v2.pdf

- Wahab, M.S.A., Shazali, S.T.S., Mohamed, N.H.N., Abdullah, R.A. and Mohamaddan, S., 2024. Enriching operational efficiency in Industry 4.0 through machine learning: A case study. International Journal of Technical Vocational and Engineering Technology, 5(2), pp.22–31.

Published

2026-04-15

How to Cite

Dlwan Taher Azzat Khan, & Rizgar Abdullah sabir Jaf. (2026). the The Role of Power BI Applying in Accounting Financial Performance Analysis: An Analytical Study of the Opinions of a Sample of Employees in Industrial Companies in the Kurdistan Region of Iraq. Zanco Journal of Human Sciences, 30(SpB), 649–671. https://doi.org/10.21271/zjhs.30.SpB.32

Issue

Section

Extracted from PhD dissertation/MA thesis