Is the statement $a\Leftrightarrow b$ equivalent to the statement $(a\Rightarrow b)\wedge(\neg b\Rightarrow \neg a)$?
For example: "I get out if and only if it is sunny" should be equivalent to "When I get out, it's sunny. When it's not sunny, I don't get out".
Edit. Sorry, I just realized what I have is simply $(b\Rightarrow a)\wedge(\neg b\Rightarrow \neg a)$ which should be good now (simply as you guys have answered $(\neg b\Rightarrow \neg a)$ is equivalent by contraposition to $a\Rightarrow b$).