An equation is a defined series of statements that can calculate amounts or check criteria. In general, an equation is most often used to return one of the following items:
A True or False result. This is an equation that checks to determine whether certain criteria are met.
An amount. This is a calculation equation that results in a numeric value.
Use algebraic statements.
Use Boolean conditional statements.
Look up information in tables.
Update information in tables.
Branch or link to another equation.