CFI-Excel-eBook

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The Corporate Finance Institute ExcelThings to remember about the AND Function1. VALUE! error – Occurs when no logical values are found or created duringthe evaluation.2. Test values or empty cells provided as arguments are ignored by the ANDfunction.Click here to download the sample Excel filecorporatefinanceinstitute.com98
The Corporate Finance Institute ExcelIFTest for a specific conditionlogical_testvalue_if_truevalue_if_falseWhat is an Excel IF Statement?An Excel IF Statement tests a given condition and returns one value for a TRUEresult, and another value for a FALSE result. For example, if sales total morethan $5,000 then return a “Yes” for Bonus, otherwise, return a “No” for Bonus.We can also use the IF function to evaluate a single function or we can includeseveral IF functions in one formula. Multiple IF statements in Excel are knownas nested IF statements.As a financial analyst, the IF function is used often to evaluate and analyze databy evaluating specific conditions.The function can be used to evaluate text, values, and even errors. It is notlimited to only checking if one thing is equal to another and returning a singleresult. We can also use mathematical operators and perform additionalcalculations depending on our criteria. We can also nest multiple IF functionstogether to perform multiple comparisons.corporatefinanceinstitute.com99
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