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Nov 10, 2019 · Excel first carried out the operation within the brackets, C2-C4 or 5-6 for a result of -1. Exponents. There are no exponents in this formula, so Excel skipped this step. Division and Multiplication. There are two of these operations in the formula and Excel performed them from left to right. How to use IF function with AND, OR, and NOT in Excel? In Excel, the IF function is quite useful to check whether a cell meets a condition and return different values based on evaluated results (True and False). And combining the IF function and AND, OR, NOT functions, it will vary conditions to check cells. Excel Formula Training Formulas are the key to getting things done in Excel. In this accelerated training, you'll learn how to use formulas to manipulate text, work with dates and times, lookup values with VLOOKUP and INDEX & MATCH, count and sum with criteria, dynamically rank values, and create dynamic ranges.