Corporate finance. Excel function tutorials
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A couple of days ago, I received a question from a reader asking how to use the IF function in Excel for a particular scenario he needed to do at work. I thought other people might benefit from having a short tutorial on this, so I’m providing it here, divided into a few parts.
The first part (here) will go into the basic IF statement, and subsequent parts, such as how to use nested IF functions with other logical operators. will describe how to use it in slightly more complicated scenarios or with additional features. For example, the reader’s question had to do with using an IF statement given two conditions, e.g. if a number falls between two other numbers. I
address those in the separate post in the link above.
But, let’s go over the basic IF function here, first.
Let’s say that you have a series of numbers in Excel like this that represent sales figures that 10 of your salesmen have made this quarter, in column B:
Before we go further, if you’d like to work through the examples yourself, here’s the raw data you can copy into an Excel worksheet. First, open up a blank excel worksheet. Next, highlight the table below. Copy it, and then go back to your excel worksheet. Go to cell A4 (or another empty cell, if you want to put the data elsewhere), and then select “Edit” from the menu bar. Select “Paste Special” and then “Text” from the popup box. Click “OK”. The data should appear in your Excel worksheet just as it does above.