In this practical webinar, Excel expert, David Ringstrom, CPA, briefly discusses the IF function and then, in detail, takes you beyond the basics. You will learn what can go awry with the IF function and ways to improve the integrity of your decision-making formulas. You will also learn alternatives to the IF function, including IFNA, MINIFS, SUMPRODUCT, and others. You will learn from the assertion that if you’re nesting more than a couple of IF functions, there’s probably a more refined and resilient approach you can take.
You will see each technique demonstrated at least twice: first, on a PowerPoint slide with numbered steps, and second, in the subscription-based Office 365 version of Excel. David draws your attention to any differences in the older versions of Excel (2019, 2016, 2013, and earlier) during the presentation, as well as in his detailed handouts. You will also receive an Excel workbook that includes most of the examples used during the webcast.
Office 365 is a subscription-based product that provides new-feature updates as often as monthly. Conversely, the perpetual licensed versions of Excel have feature sets that don’t change. Perpetual licensed versions have year numbers, such as Excel 2019, Excel 2016, and so on.
You will learn how to:
- Test for two or more alternate conditions by way of the OR function
- Avoid the complexity of nested IF statements with Excel’s CHOOSE function
- Use the MINIFS function available in certain versions of Excel 2016
- Use the COUNTIF function to determine the number of times an item appears on a list
- Employ the capabilities of the SUMPRODUCT function
- Transform SUM, MIN, and MAX into multi-criteria array formulas
- Evaluate the pros, cons, and limitations of nesting IF functions
- Test for a single condition among two or more that returns TRUE by way of Excel’s XOR function
- Compare the MIN, SMALL, MAX, and LARGE functions
- Use the SUMIF function to summarize data based on a single criterion
- Determine when you might use ISERROR or ISNA instead of IFERROR
- Return the inverse of a TRUE/FALSE test by way of Excel’s NOT function
Upon course completion, you will be able to:
- Identify how to avoid complex IF statements
- Apply the AND function to test for two or more conditions at once
- Determine when to use the ISERROR function or the ISNA function vs. the IFERROR function
Suggested Audience: Practitioners who would benefit by learning more about Excel’s logical functions and decision-making formulas.
Prerequisites: None. Experience with Excel Logical Functions Recommended.
Advance Preparation: None
Program Level: Intermediate
Field of Study: Computer & Software Applications (2 hours)
Credit Type: Self-Study credit (Please note that to receive Self-Study credit you will need to complete a final exam after viewing the webinar.)