Excel IF Function Tutorial

Introduction

• Excel's IF function is one of the most widely used formulas.
• Combining it with AND and OR functions enhances its capabilities.
• The tutorial covers how to use these functions with real-world travel claim data.

Dataset Overview

• Data fields include claim ID, first-time claim status, claim amount, medical report status, and days abroad.

Basic IF Function

• Objective: Classify claims as high value (≥ $4,000) or standard.
• Steps:
  1. Use the IF function with a logical test (claim amount ≥ $4,000).
  2. Return "high value" if true, otherwise "standard".
  3. Wrap text outputs in double quotes.

Combining IF with AND

• Objective: Auto-approve claims < $4,000 with a provided medical report.
• Steps:
  1. Use the AND function to combine conditions (claim amount < $4,000, medical report = yes).
  2. Use IF with the AND function for the logical test.
  3. Return "auto approve" if true, otherwise "review".

Using IF with OR

• Objective: Offer early settlement for first-time claims or if days abroad < 10.
• Steps:
  1. Use the OR function to evaluate conditions (first-time claim, days abroad < 10).
  2. Use IF with the OR function for the logical test.
  3. Calculate and return 70% of the claim amount if true.

Additional Tips

• IF formulas can use up to 255 conditions but it's advisable to use fewer.
• Excel offers various comparison operators for flexible logic checks.
• Use Excel's Function Wizard for guidance on formula arguments.

Conclusion

• IF, AND, and OR functions enable decision-making based on logical conditions.
• For more efficient spreadsheets, additional strategies are necessary. Explore further to enhance your Excel skills.