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Excel Accountant: Logic Functions

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Excel expert David Ringstrom, CPA, begins with a brief discussion of the IF function and then takes you step-by-step beyond the basics. David explains what can go awry with the IF function and ways to improve the integrity of decision-making formulas. David shares alternatives to the IF function, including IFS, CHOOSE, VLOOKUP, SUMIF, and several other worksheet functions. The presentation also explores techniques useful in verifying that formulas such as nested IF statements are working properly.David demonstrates every technique 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. David also provides an Excel workbook that includes most of the examples he uses 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.Who should attend:Practitioners who would benefit by learning more about Excel’s logical functions and decision-making formulas.Topics covered:Facilitating decision making within Excel formulas by way of the IF function.Testing for two or more alternate conditions by way of the OR function.Discovering the capabilities of the SUMPRODUCT function for calculating payroll and other amounts.Auditing portions of a formula by using the F9 key to temporarily convert part of a formula to a value.Stepping through formulas in slow motion with the Evaluate Formulas feature.Employing the SUMIF function to sum values related to multiple instances of criteria you specify.Testing for a single condition among two or more that returns TRUE by way of Excel’s XOR function.Employing the ISERROR function to determine if a formula returns a # sign error as the basis for triggering alternate calculations.Mastering the IFERROR function to display alternate values in lieu of a # sign error.Streamlining the decision-making process with the IFS function in Office 365.Discovering the range of IS functions that can be used within IF statements to test for various conditions within a worksheet.Understanding when you might wish to use ISERROR or ISNA instead of IFERROR.

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