CFI-Excel-eBook

The Corporate Finance Institute Excel
IF
Test for a specific condition
logical_test
value_if_true
value_if_false
What is an Excel IF Statement?
An Excel IF Statement tests a given condition and returns one value for a TRUE
result, and another value for a FALSE result. For example, if sales total more
than $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 include
several IF functions in one formula. Multiple IF statements in Excel are known
as nested IF statements.
As a financial analyst, the IF function is used often to evaluate and analyze data
by evaluating specific conditions.
The function can be used to evaluate text, values, and even errors. It is not
limited to only checking if one thing is equal to another and returning a single
result. We can also use mathematical operators and perform additional
calculations depending on our criteria. We can also nest multiple IF functions
together to perform multiple comparisons.
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