How to use the IF function in Excel to make logical comparisons between data values.| support.microsoft.com
The IFS function checks whether one or more conditions are met and returns a value that corresponds to the first TRUE condition. IFS will allow you to include up to 127 pairs of conditions (the test if something is True and the result if something is true). IFS can take the place of multiple nested IF statements.| support.microsoft.com
Use a LAMBDA function to create custom, reusable functions and call them by a friendly name. The new function is available throughout the workbook and called like native Excel functions.| support.microsoft.com