AndAlso/OrElse in VBA

The only short circuiting (of a sort) is within Case expression evaluation, so the following ungainly statement does what I think you're asking;

Select Case True
    Case (myObject Is Nothing), Not myObject.test()
        MsgBox "no instance or test == false"
    Case Else
        MsgBox "got instance & test == true"
    End Select
End Sub

Or you could create a function that takes your object as a parameter and returns boolean for either case. That's what I usually to.

i.e.

if Proceed(objMyAwesomeObject) then
       'do some really neat stuff here
else
       'do something else, eh
end if
...
end sub

private function Proceed(objMyAwesomeObject as Object)
     if not objMyAweseomeObject is nothing then
            Proceed = true
     elseif objMyAwesomeObject.SomeProperty = SomeValue then
            Proceed = true
     else
            Proceed = false
     endif
end function

Improving on this answer to a different question about the same basic problem, here is what I chose to do:

dim conditionsValid as boolean

conditionsValid = myObject Is Nothing
if conditionsValid then conditionsValid = myObject.test()
if conditionsValid then conditionsValid = myObject.anotherTest() 

if conditionsValid then
   'do something'
else
   'do something else'
end if

I think this code is clearer than the other answers that have been suggested, and you (usually) don't need a different variable for each validation, which is the improvement over the original answer to the other question. By the way, each new condition you need adds just one more line of code.

This is an old question, but this issue is still alive and well. One workaround I've used:

Dim success As Boolean       ' False by default.

If myObj Is Nothing Then     ' Object is nothing, success = False already, do nothing.
ElseIf Not myObj.test() Then ' Test failed, success = False already, do nothing.
Else: success = True         ' Object is not nothing and test passed.
End If

If success Then
    ' Do stuff...
Else
    ' Do other stuff...
End If

This basically inverts the logic in the original question, but you get the same result. I think it's a cleaner solution than the others here that only use If statements. The solution using a Select statement is clever, but if you want an alternative using only If statements, I think this is the one to use.