The if-then or IF function in Excel is a logical comparison tool you can use to determine if values meet your expectations.
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Related: Basic Excel Formulas and How To Use Them What is the if-then function in Excel? In this article, we discuss what the if-then function in Excel is, when and how to use it and some examples and tips that may help you with your next Excel spreadsheet. Using Excel's if-then function, you can create logical comparisons that return values you can use in complex processes. Knowing how to compare values from the data you work with can help you save time using Excel. By taking the time to learn and master these functions, you’ll significantly speed up your financial analysis.Using Excel to accomplish calculations that would take a lot of time by hand is one of the major benefits of the program. Thanks for reading CFI’s guide on how to use an Excel IF Statement.
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The function uses the following arguments: =IF(logical_test, value_if_true, value_if_false) We can also nest multiple IF functions together to perform multiple comparisons. We can also use mathematical operators and perform additional calculations, depending on our criteria. It is not limited to only checking if one thing is equal to another and returning a single result. The function can be used to evaluate text, values, and even errors. Multiple IF statements in Excel are known as nested IF statements.Īs a financial analyst, the IF function is used often to evaluate and analyze data by evaluating specific conditions. We can also use the IF function to evaluate a single function, or we can include several IF functions in one formula. For example, if sales total more than $5,000, then return a “Yes” for Bonus – Otherwise, return a “No” for Bonus. The Excel IF Statement tests a given condition and returns one value for a TRUE result and another value for a FALSE result.