How to write calculation to classify Current FY and Previous FY from a Date column?

[Deeintu]

Hello guys,

I'm new to Power BI,  and trying to learn how to write DAX and other calculated columns.

I have date colum only with 3 years data, and the financial year starts from July to June.

Condition is:

1) IF Date <= 01/07/2021  AND Date >= 30/06/2022   THEN "Current FY"

    ELSE Date >=30/06/2021 THEN "Previous FY"

   END

Need to calcualte current Financial year dynamically without hardcoding the values in the calculation.

Expected out of the calculated column should be below (Period) as an example.

Date		Period
1/01/2019		Previous  FY
1/02/2019		Previous FY
1/03/2019		Previous FY
1/04/2019		Previous FY
1/05/2019		Previous FY
1/06/2019		Previous FY
1/07/2019		Previous FY
1/08/2019		Previous FY
1/09/2019		Previous FY
1/10/2019		Previous FY
1/11/2019		Previous FY
1/12/2019		Previous FY
1/01/2020		Previous FY
1/02/2020		Previous FY
1/03/2020		Previous FY
1/04/2020		Previous FY
1/05/2020		Previous FY
1/06/2020		Previous FY
1/07/2020		Previous FY
1/08/2020		Previous FY
1/09/2020		Previous FY
1/10/2020		Previous FY
1/11/2020		Previous FY
1/12/2020		Previous FY
1/01/2021		Previous FY
1/02/2021		Previous FY
1/03/2021		Previous FY
1/04/2021		Previous FY
1/05/2021		Previous FY
1/06/2021		Previous FY
1/07/2021		Current FY
1/08/2021		Current FY
1/09/2021		Current FY
1/10/2021		Current FY
1/11/2021		Current FY
1/12/2021		Current FY

Please let me know how to achieve it.

Thanks in advance

Dee

[amitchandak · Accepted solution]

@Deeintu , Try a new column in DAX like

new column =
var _month = month(today() )
var _year = year(today())
var _st = date(if(_month <=6, _year -1, _year),7,1)
var _end = date(if(_month <=6, _year , _year)+1,6,30)
return
if([date] >= _st && [Date] <=_end , "Current FY", "Previous FY")

[Deeintu]

Hi Amit,

Thank you very much!

Now I understood how to declare variables and include them in the calculation.

Regards

Dee