The video tutorial covers the use of advanced filters in Excel, explaining their necessity when basic dropdown filters are insufficient. It demonstrates how to create and use a criteria table to apply complex filtering conditions, such as filtering data based on multiple criteria across different columns. The tutorial provides a step-by-step guide on setting up the list and criteria ranges, executing the filter, and verifying the results. The session concludes with a transition to the next module, which will cover outlining and subtotaling in Excel.

Explain the significance of using 'or' conditions in advanced filters.

What steps should you follow to apply an advanced filter after setting up your criteria?