CFI-Excel-eBook

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The Corporate Finance Institute ExcelExample 3 – Excel IF StatementGenerally, sellers provide a discount based on quantity purchased. Suppose weare given the following data:Using multiple IF functions, we can create a formula to check multipleconditions and perform different calculations depending on what amountrange the specified quantity falls in. To calculate the total price for 100 items,the formula will be:We get the result below:corporatefinanceinstitute.com104
The Corporate Finance Institute ExcelThings to remember about the IF Function1. The Excel IF function will work if the logical_test returns a numeric value. Insuch case, any non-zero value is treated as TRUE and zero is treated asFALSE.2. #VALUE! error – Occurs when the given logical_test argument cannot beevaluated as TRUE or FALSE.3. When any of the arguments is provided to the function as arrays, the IFfunction will evaluate every element of the array.4. If we wish to count conditions, we should use the COUNTIF and COUNTIFSfunctions.5. If we wish to add up conditions, we should use the SUMIF and SUMIFSfunctions.Reasons to use an Excel IF StatementThere are many reasons why an analyst or anyone who uses Excel would wantto build IF formulas.Common examples include:• To test if an argument is true or false• To output a NUMBER• To output some TEXT• To generate a conditional formula (i.e. the result is C3+B4 if true andN9-E5 if false)• To create scenarios to be used in financial modeling• To calculate a debt schedule or fixed asset depreciation schedule inaccountingClick here to download the sample Excel filecorporatefinanceinstitute.com105
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