Before we get started with advanced IF functions, let's do a quick IF function refresher first. Watch this video for some examples.
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Welcome to Financial Modeling School. My aim is to make you awesome in financial modeling. I have co-founded Pristine Education and till date taught Financial Modeling to 100s of individuals in investment banks, equity research firms etc. At Chandoo,org, I have one goal – “to make you awesome in Excel”. Want more?We'll cover complex examples and variations of the IF function in a few minutes. But first, a quick IF function refresher. I am determining if my travel expenses are over or within budget. If the Actual expense is greater than the Budgeted expense, Status is Over Budget. Otherwise, it is Within Budget. In the formula, text (like Over Budget and Within Budget) must be in quotes. And now, I am copying the formula. Now, I am determining if a category of merchandise requires a shipping surcharge. If Packing is equal to Fragile (comparing text with the IF function is not case sensitive), the Surcharge is $75. Otherwise, it is 0. I am copying the formula again. If the text has extra spaces, comparing text with a function may not return the results we expect. The text in B3 has a leading space, and it is not returning the results I expect. It should have a $75 surcharge because it is fragile. Getting this wrong would take 75 dollars per mistake out of our revenue. Adding the TRIM function to the formula will help. Kitchen dance coupon. The TRIM function removes spaces from a text string except for single spaces between words. And now, the formula handles extra spaces in text strings. This is the syntax, or grammar, of the IF function. Logical_test is required. Solo & Ensemble Strings A completely new virtual instrument library, featuring solo strings and size-variable ensemble strings. A paradigm shift for virtual instruments where realism and playability share equal value. Developed by the original founders of Samplemodeling: Giorgio Tommasini & Peter Siedlaczek. Sample modeling solo strings video. NEWS Samplemodeling new Solo & Ensemble Strings. NEWS Samplemodeling new Solo & Ensemble Strings. It can be any expression that can be evaluated to TRUE or FALSE, like comparing one number or cell to another, such as C2>B2. It can also be text, such as B2='fragile'. Value_if_true is optional. This is the value if the logical_test evaluates to TRUE. For example, if C2>B2 is TRUE, return Over Budget. If the logical_test evaluates to TRUE and we don't provide the value for value_if_true, the function returns 0. Value_if_false is also optional. This is the value if the logical_test evaluates to FALSE. For example, if C2>B2 is FALSE, return Within Budget. If the logical_test evaluates to FALSE and we don't provide the value for value_if_false, the function returns 0. Up next, nested IF functions. Updated3/1/2016Released1/28/2016 Excel expert Dennis Taylor demystifies some of the most useful of the 450+ formulas and functions in Excel and shows how to put them to their best use. Dennis starts with a review of the more basic functions (SUM, AVERAGE, and MAX), and a few critical keyboard shortcuts that will let you locate and display formula cells and accelerate working with Excel formulas—even on multiple sheets. He then covers how to find and retrieve data with the VLOOKUP and INDEX functions, calculate totals with counting and statistical functions, extract data with text functions, and work with date, time, array, math and information functions. The course focuses on practical examples that will help viewers easily transition to using Excel's most powerful formulas and functions in real-world scenarios. Topics include:
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- Hi, I'm Dennis Taylor,and welcome to Excel 2016: Advanced Formulas and Functions.For many Excel users,the most important thing they do in Excelis work with formulas and functions.If you really want to take advantage of Excel's power,you need exposure to these features.I'll start off by showing you some great shortcutsfor building formulas and functions,numerous variationson the powerful IF and VLOOKUP functions,vital statistical and math functions,and some date functionsthat could prove to be indispensable. I'll show you how text functionscan help you clean up flawed data,how powerful array formulas and functionsgive you even more analytical possibilities,and I'll show you how to use functionsin combination with one anotherto achieve even greater power.Welcome to Excel 2016: Advanced Formulas and Functions. Q: This course was updated on 03/01/2016. What changed?A: We added one tutorial about the new formulas in Excel 2016.
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