CFI-Excel-eBook

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The Corporate Finance Institute ExcelIF Formula=IF(logical_test, value_if_true, value_if_false)The formula uses the following arguments:1. Logical_test (required argument) – It is the condition to be tested andevaluated as either TRUE or FALSE.2. Value_if_true (optional argument) – It is the value that will be returned ifthe logical_test evaluates to TRUE.3. Value_if_false (optional argument) – It is the value that will be returned ifthe logical_test evaluates to FALSE.When using the IF function to construct a test, we can use following logicaloperators:• = (equal to)• > (greater than)• >= (greater than or equal to)• < (less than)• <= (less than or equal to)• <> (not equal to)How to use the Excel IF Function?To understand the uses of the Excel IF statement function, let us consider a fewexamples:corporatefinanceinstitute.com100
The Corporate Finance Institute ExcelExample 1 – Simple Excel IF StatementSuppose we wish to do a very simple test. We want to test if the value in cell C2of greater than or equal to the value in cell D2. If the argument is true, then wewant to return some text stating “Yes it is”, and if it’s not true then we want todisplay “No it isn’t”.You can see exactly how the Excel IF statement works in simple example below.Result when true:Result when false:Download the simple XLS template.corporatefinanceinstitute.com101
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