CFI-Excel-eBook

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The Corporate Finance Institute ExcelIFSTest multiple conditions, return first truetest1 value2 test2value2…What is the IFS Function?The IFS Function in Excel is a Logical function that was introduced in Excel2016. The function is an alternative to the Nested IF function and is mucheasier to use. The IFS function checks if one or more than one conditions areobserved or not and accordingly returns a value that meets the first TRUEcondition.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 thecondition 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 itempty.The rest of the logical_test and Value arguments are optional; the functionallows 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’stake an example:Let’s assume we wish to assign grades to marks earned by students. We canuse the IFS Function in the following manner:corporatefinanceinstitute.com112
The Corporate Finance Institute ExcelThe formula used is:IFS(A2>80,”A”,A2>70,”B”,A2>60,”C”,A2>50,”D”,A2>40,”E”,A2>30,”F”), which saysthat if cell A2 is greater than 80 then return an “A” and so on.Using this formula, the result would be:Examples of the IFS Function in ExcelTo understand the uses of this function, let’s consider few examples:corporatefinanceinstitute.com113
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