1. What is the NOT Function
The NOT Function is an Excel Logical function. The function helps check if one
value is not equal to another. If we give TRUE, it will return FALSE and when given
FALSE, it will return TRUE. So, basically, it will always return a reverse logical
value.
As a financial analyst, the NOT function is useful when we wish to know if a
specific condition was not met
2. Formula=NOT(logical)
Where: Logical (required
argument) – The argument should
be a logical or numerical value. If
the given logical argument is a
numeric value, zero is treated as
the logical value FALSE and any
other numeric value is treated as
the logical value TRUE.
3. Example 1Suppose we don’t want the red
and blue combination for soft toys. We are
given the data below: To avoid the Red Blue
combination, we will use the formula
=NOT(C6=”Red Blue”).
We will get the results: If we wish to test
several conditions in a single formula, then
we can use NOT in conjunction with the
AND or OR function. For example, if we
wanted to exclude Red Blue and Slate
Black, the formula would be
=NOT(OR(C2=”Slate black”, C2=”Red
Blue”).
4. what is nested if
Nested IF functions,
meaning one IF function
inside of another, allows
you to test multiple criteria
and increases the number
of possible outcomes.
5. Example #1Now take a look at the popular nested IF example. We need to arrive at
standards based on the student’s score. Consider the below data for an example. o arrive
at the results, we need to test the below conditions. These conditions are nothing but our
logical tests.
If the score is >=585 result should be “Dist” If the score is >=500 result should be
“First” If the score is >=400 result should be “Second” If the score is >=350 result
should be “Pass” If all the above conditions are “FALSE,” the result should be “FAIL.”
Now, we have a total of 5 conditions to test. Unfortunately, the logical tests are more
than one logical test at the moment. So we need to use Nested IFs to try multiple
criteria.
6. Like this, we can test multiple conditions by nesting many IF conditions inside the one IF
condition.The logic here is the first IF result will come if the logical test is “TRUE.” If the
logical test is “FALSE,” then the second IF can be executed. Until the formula finds the
“TRUE” test result, it will execute it. If none of the results is “TRUE,” it will execute the
final “FALSE” result.
7. IMPORTRANGE
The IMPORTRAGE Google Sheets function is the only way to integrate data between
spreadsheets without third-party add-ons in Google Sheets.
This function provides a more streamlined way to easily import data from one Google
Sheets file to another. Not only does this save you time, but you also avoid the risk of
human error from manual copy and pasting.
8. How To Use IMPORTRANGE
We have a simple sheet of two columns and eight
rows.
click a blank cell so that you can access the
function bar. In it, type =IMPORTRANGE.
copy the complete URL of the spreadsheet that
has the data you’d like to import.
Complete URL
https://docs.google.com/spreadsheets/d/1sqWKxq
4mbsJVqy2mZbeV2H7MWF9TZ2V-
yU6Ne0NGL0g/
Spreadsheet key
1sqWKxq4mbsJVqy2mZbeV2H7MWF9TZ2V-
yU6Ne0NGL0g
9. What Is Formatting in Excel?
Formatting in Excel is a simple process of modifying or manipulating data in
spreadsheets from one form to another. Formatting can be done based on appearance and
data types.
Formatting in excel can be done based on various requirements, including appearance,
datatype, and data organization.
10. Number Formatting
General :- General is a number format selected as the default by excel for any number you
type into the spreadsheet.
Number :- Number Format is exclusively used when you are working with numbers.
Currency :- Currency Number Format is used when you want to represent numbers in the
form of currency.
Accounting :- Accounting is completely similar to currency. You can use the accounting
Number Format to add decimal places to your currency to make it more accurate.
Date :- The Date Format is employed in spreadsheets to consider your input as a calendar
date instead of a regular number.
Time :- The Time Format converts the general default number format to the time format.
Percentage :- The Percentage Data Format represents the values in terms of percentages.
Text :- The text includes the textual type of data. Here, Excel treats any number of data you
type as text format and keeps it the way it is without adding any decimals or mathematical
symbols.
Custom :- Apart from all the available options, Excel also provides its users with a
customizable option that will help them use existing formats and customize them to create a
completely new one.
11. Cell Formatting
Text Color Formatting :- The Text color option will help
users customize the text color in Excel with various color
Cell Color Formatting :- The Cell background color
option will help users modify the cell background color in
the spreadsheet
Cell Borders Formatting :- The spreadsheet borders
option will allow users to add cell borders as per the
requirement of the users.
Conditional Formatting :- The Conditional formatting
option will allow the users to highlight or mark cells on
excel spreadsheets based on logical functions and
formulae
Table, Cell Formatting :- The Table Formatting in excel
will allow you to modify the tabular data in Excel with
various options
12. Applying Data Filters
If your worksheet contains a lot of content, it can be difficult to find information
quickly. Filters can be used to narrow down the data in your worksheet, allowing you to
view only the information you need.
13. To filter data:
In our example, we'll apply a filter to an equipment log worksheet to display only the laptops and projectors
that are available for checkout.
In order for filtering to work correctly, your worksheet should include a header row, which is used to identify
the name of each column. In our example, our worksheet is organized into different columns identified by the
header cells in row 1: ID#, Type, Equipment Detail, and so on.
Select the Data tab, then click the Filter command.
A drop-down arrow will appear in the header cell for each column.
Click the drop-down arrow for the column you want to filter. In our example, we will filter column B to
view only certain types of equipment.
14. The Filter menu will appear.
Uncheck the box next to Select All to quickly deselect all data.
Check the boxes next to the data you want to filter, then click OK. In this example, we will
check Laptop and Projector to view only these types of equipment.
The data will be filtered, temporarily hiding any content that doesn't match the criteria. In our
example, only laptops and projectors are visible.
