Advanced Functions Advanced Functions are used in higher-level operations, such as conditional and comparison equations to compute interest rates, due dates and payment terms, and financial projections. Excel Obj. 4.01 Advanced Functions Ppt. #6

Types of Advanced Functions IF Statement Functions Date Functions Lookup Functions List Functions Count Functions

IF Statements are conditional operators. Results are returned IF the data specified in an equation meets conditions set by the formula IF statements can be written to carry out an action Example: IF a value in a cell is greater than or equal to another value, insert the word “Pass” in a cell. Example: The answer is one value IF a condition you specify evaluates to TRUE and returns another value IF the condition evaluates to FALSE.

Date Functions Date Functions are used to calculate a period of time. Types of Date Functions: NOW – returns the current date (2) DATE360 – calculates the difference in days between 2 dates Examples: The number of days that have elapsed since a value was entered into a specific cell To calculate a 30 day due date for a record of spreadsheet invoices

Lookup Functions A Lookup function is used to compare a cell value to an ARRAY of cells and return a value that matches the location of the value in the array. (Note: the values MUST be placed in Ascending order) Types of Lookup Functions: (1) Lookup – used for two column vectors (2) VLookUp – used when there are more than two columns in the array (lookup table)

List Function A List Function is used to: Assist in organizing spreadsheet information. Create a more user-friendly spreadsheet atmosphere. Control the size or content of data entries. Filter for specific content within a list.

List Function Types of Lists: (a) Validated A validated list limits data entry to specific choices programmed into the function (b) Non-Validated A non-validated list allows additional entries other than those provided in the drop-down menu. Example: displaying only the Southeast region vice presidents from a spreadsheet instead of displaying all of the vice presidents

Count Function Types of Count Functions: The COUNT Function is used to return the number of cells in a range. Types of Count Functions: Count – returns the number of cells in a range that contain numbers CountA – returns the number of cells in a range that contain any value/label Countlf – returns the number of cells that meet a condition set forth in a formula.