CFI-Excel-eBook

The Corporate Finance Institute Excel
IFS
Test multiple conditions, return first true
test1 value2 test2
value2
…
What is the IFS Function?
The IFS Function in Excel is a Logical function that was introduced in Excel
2016. The function is an alternative to the Nested IF function and is much
easier to use. The IFS function checks if one or more than one conditions are
observed or not and accordingly returns a value that meets the first TRUE
condition.
Formula
= IFS(logical_test1, Value1 [logical_test2, Value2] …, [logical_test127, Value127])
Where:
1. Logical_test1 – First logical test. It is a required argument and is the
condition that is used by Excel to evaluate whether it is TRUE or FALSE.
2. Value1 – Result when logical_test1 is true. If required, we can keep it
empty.
The rest of the logical_test and Value arguments are optional; the function
allows the user to put 127 logical_test arguments using the IFS function.
How to use the IFS Function in Excel?
It is a built-in function which can be used as a worksheet function in Excel. Let’s
take an example:
Let’s assume we wish to assign grades to marks earned by students. We can
use the IFS Function in the following manner:
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