Sellers frequently provide a discount based on the quantity purchased.

If a cell is blank, the formula will assign the status “open.” However, if a cell contains a date, then the formula will assign a status of “closed.” The formula used is: In Column B, we will use a formula to check if the cells in Column C are empty or not. In the worksheet above, we listed AGM-related tasks in Column A. Suppose we wish to test a cell and ensure that an action is taken if the cell is not blank. You can see exactly how the Excel IF statement works in the simple example below.ĭownload the simple XLS template. If the argument is true, then we want to return some text stating “Yes it is”, and if it’s not true, then we want to display “No it isn’t”. We want to test if the value in cell C2 is greater than or equal to the value in cell D2. Suppose we wish to do a very simple test. To understand the uses of the Excel IF statement function, let’s consider a few examples: Example 1 – Simple Excel IF Statement When using the IF function to construct a test, we can use the following logical operators: Value_if_false (optional argument) – The value that will be returned if the logical_test evaluates to FALSE.Value_ if_true (optional argument) – The value that will be returned if the logical_test evaluates to TRUE.

Logical_ test (required argument) – This is the condition to be tested and evaluated as either TRUE or FALSE.

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.

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