To generate a conditional formula (e.g., the result is C3+B4 if true and N9-E5 if false).To test if an argument is true or false.There are many reasons why an analyst or anyone who uses Excel would want to build IF formulas. If we wish to add up conditions, we should use the SUMIF and SUMIFS functions.If we wish to count conditions, we should use the COUNTIF and COUNTIFS functions.When any of the arguments are provided to the function as arrays, the IF function will evaluate every element of the array.#VALUE! error – Occurs when the given logical_test argument cannot be evaluated as TRUE or FALSE.In such a case, any non-zero value is treated as TRUE and zero is treated as FALSE. The Excel IF function will work if the logical_test returns a numeric value.To calculate the total price for 100 items, the formula will be: Using multiple IF functions, we can create a formula to check multiple conditions and perform different calculations depending on what amount range the specified quantity falls in. Sellers frequently provide a discount based on the quantity purchased. If a cell is blank, the formula will assign the status “open.” However, if a cell contains a date, then the formula will assign a status of “closed.” The formula used is:
In Column B, we will use a formula to check if the cells in Column C are empty or not.
In the worksheet above, we listed AGM-related tasks in Column A. Suppose we wish to test a cell and ensure that an action is taken if the cell is not blank. You can see exactly how the Excel IF statement works in the simple example below.ĭownload the simple XLS template. If the argument is true, then we want to return some text stating “Yes it is”, and if it’s not true, then we want to display “No it isn’t”. We want to test if the value in cell C2 is greater than or equal to the value in cell D2. Suppose we wish to do a very simple test. To understand the uses of the Excel IF statement function, let’s consider a few examples: Example 1 – Simple Excel IF Statement When using the IF function to construct a test, we can use the following logical operators: Value_if_false (optional argument) – The value that will be returned if the logical_test evaluates to FALSE.Value_ if_true (optional argument) – The value that will be returned if the logical_test evaluates to TRUE.Logical_ test (required argument) – This is the condition to be tested and evaluated as either TRUE or FALSE.The function uses the following arguments: =IF(logical_test, value_if_true, value_if_false) We can also nest multiple IF functions together to perform multiple comparisons. We can also use mathematical operators and perform additional calculations, depending on our criteria. It is not limited to only checking if one thing is equal to another and returning a single result. The function can be used to evaluate text, values, and even errors. Multiple IF statements in Excel are known as nested IF statements.Īs a financial analyst, the IF function is used often to evaluate and analyze data by evaluating specific conditions. We can also use the IF function to evaluate a single function, or we can include several IF functions in one formula. For example, if sales total more than $5,000, then return a “Yes” for Bonus – Otherwise, return a “No” for Bonus. The Excel IF Statement tests a given condition and returns one value for a TRUE result and another value for a FALSE result.