STATEMENTS & FUNCTIONS

12 May 2022 13:10

1. RELATIVE VS ABSOLUTE REFERENECE :

Relative and absolute references behave differently when copied and filled to other cells. Relative references
change when a formula is copied to another cell. Absolute references, on the other hand, remain constant no
matter where they are copied.

We use $ before cell reference to keep it constant.

2. IF AND NESTED IF :

=IF(logical_test, [value_if_true], [value_if_false])

=IFS(logical_test1, value_if_true1, [logical_test2, value_if_true2], [logical_test3; ...)

=IF(condition1, result1, IF(condition2, result2, IF(condition3, result3, result4)))

2. VLOOK - UP :

=VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

Lookup_value: Select the cell where search values will be entered.

Table_array: The table range, including all cells in the table.
Col_index_num: The data which is being looked up. The input is the number of the column, counted from the
left:
Range_lookup: TRUE if numbers (1) or FALSE if text (0).

3. MATCH : It can be used to find the position of a value in a single row or column range.

MATCH(lookup_value, lookup_array, [match_type])

4. INDEX:
returns a value or the reference to a value from within a table or range.

INDEX(array, row_num, [column_num])

5. OFFSET: Returns a reference to a range that is a specified number of rows and columns from a cell or range of
cells.

OFFSET(reference, rows, cols, [height], [width])

Vlookup uses to reference with columns while Hlookup uses to reference with rows .

6. HLOOKUP : can be used to retrieve information from a table by searching a row for the matching data and
outputting from the corresponding column.

HLOOKUP(lookup_value, table_array, row_index_num, [range_lookup])

FUNCTIONS

We have 3 Excel functions : 1. Date time Function

2. Character
3. Numeric

1A. DATEDIF : Calculates the number of days, months, or years between two dates.

DATEDIF(start_date,end_date,unit)

1B. DAYS360 : The DAYS360 function returns the number of days between two dates based on a 360-day year

DAYS360(start_date,end_date)

1C.EDATE: Use EDATE to calculate maturity dates or due dates that fall on the same day of the month as the date of issue

EXCEL Page 1
EDATE(start_date, months)

1D.EOMONTH : It is used to calculate maturity dates or due dates that fall on the last day of the month.

EOMONTH(start_date, months)

2A.MID : MID returns a specific number of characters from a text string, starting at the position you specify, based on the
number of characters you specify.

MID(text, start_num, num_chars)

2B.FIND : FIND always counts each character

FIND(find_text, within_text)

2C.CONCATENATE: Joins several text items into one text item

CONCATENATE (text1, text2, [text3], ...)

2D.TRIM : Removes all spaces from text except for single spaces between words
TRIM(text)

2E.SUBSTITUE & 2F.REPLACE :

Substitutes new_text for old_text in a text string. Use SUBSTITUTE when you want to replace specific text in a text string; use
REPLACE when you want to replace any text that occurs in a specific location in a text string

SUBSTITUTE(text, old_text, new_text, [instance_num])

REPLACE(old_text, start_num, num_chars, new_text)

3A: SUMIF ()

=SUMIF(range, criteria, [sum_range])

=SUMIFS(sum_range, criteria_range1, criteria1, [criteria_range2, criteria2] ...)

EXCEL Page 2