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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.

Advanced Functions – Obj. 4.01

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IF Statement Functions Date Functions Lookup Functions List Functions Count Functions

Types of Advanced Functions

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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.

IF Statements

Date Functions

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

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

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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)

Lookup Functions

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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

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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.

List Function

Example: displaying only the Southeast region vice presidents from a spreadsheet instead of displaying all of the vice presidents

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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.

Count Function