1. are used in higher-level operations, such as conditional and comparison equations to compute interest rates, due dates and payment terms, and financial projections. 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. 1

2.  IF Statement Functions  Date Functions  Lookup Functions  List Functions  Count Functions 2

3. 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 3

4. Date Functions are used to calculate a period of time. Types of Date Functions: (1) NOW – returns the current date (2) DATE360 – calculates the difference in days between 2 dates

5. 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) 5

6. List 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. 6

7. 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. 7

8. 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. 8