Wall Street Prep- Excel Crash Course Formulas Explained

Average Function Definition: An Excel function that adds a group of values, and then divides the result by the number of values in the group. IF Statement Function Definition: A function that returns one value when a condition you specify evaluates to true and a different value if it evaluates to false. Explanation: First you begin with the logical test for the function, and then provide the value the function should output if the logical test is evaluated to true, and last value the function should output if the logical test is evaluated to false. Nested IF Statement Function Definition: IF function with various IF functions within each other. IFS Statement/Function Definition: A function that resolves the chunkiness of IF statements/functions and Nested IF statements/functions. Can allow for more than one IF statement all in one. IFERROR Function Definition: A function that returns a value you specify if the formula evaluates to an error. If the formula does not result in an error, this function will return the result of the formula. Explanation: Begin by putting the value you want to see if an error is evaluated by this value, example: something divided by 0. Then input what the function should output if this is truly an error. & Function A function that concatenates cells with a text string. EOMONTH Function Definition: A function that allows you to create monthly date headers. By outputting the last day of the specified month. Explanation: Start by inputting the start_date into the first argument. Then input how many months ahead or behind you would like to go from that start_date. EDATE Function Definition: Similar to EOMONTH but this return the exact date from the start-date, after the specified number of months. Explanation: Start by inputting the start_date into the first argument. Then input how many months ahead or behind you would like to go from that start_date. ISNUMBER Function Definition: A function that is useful criteria in IF Statements/Functions, and it is basically test to see if a cell has a number in it. Explanation: Simply input value to check to see if value inputted comes out to true or false.