Accounting and Finance Test

Accounting and Finance Test

Evaluate aptitude, technical and coding skills with Adaface skills assessment platform powered with an intelligent chatbot

Evaluate aptitude, technical and coding skills with Adaface skills assessment platform powered with an intelligent chatbot

"With Adaface, we were able to optimise our initial screening process by upwards of 75%, freeing up precious time for both hiring managers and our talent acquisition team alike!"


- Brandon Lee, Head of People, Love, Bonito

  • amazon
  • paypal
  • ef
  • lovebonito
  • singapore-government
  • niyo
  • optimum

Start using conversational Accounting and Finance Test for the most accurate and candidate friendly screening today

Start using conversational Accounting and Finance Test for the most accurate and candidate friendly screening today

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Customized assessments for every experience level

Customized assessments for every experience level

Customized by subject matter experts to cater to job roles for all experience levels (fresh grads to 8-10 years) within your organization.

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Higher test taking rate compared to traditional tests

Higher test taking rate compared to traditional tests

Adaface assessments have an average test taking rate of 86% as compared to an industry standard of 50%.

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Accurate evaluation using on-the-job, non-tricky questions

Accurate evaluation using on-the-job, non-tricky questions

Adaface assessments have relevant questions that test for on-the-job skills. We do not expect candidates to solve puzzles/ trick questions.

Java JavaScript C++ C C# PHP Python React Angular Django Android iOS SQL MySQL HTML/CSS NodeJS Excel Data Interpretation Logical Reasoning Quantitative Aptitude Check out 700+ skills

Sample Accounting and Finance Test Question

Snap Inc. purchased merchandise to resell at increasing costs during the year 2017. The following table lists the costs each purchase was made at. They were able to sell 10 pieces at the end of each month. Assuming the LIFO periodic cost flow assumption, what will be the company's cost of goods sold for the 120 pieces sold in 2017?

Options:

  • $1,380
  • $1,460
  • $1,400
  • $1,386

Get a detailed scorecard with section wise breakdown and a pass/ fail recommendation

Get a detailed scorecard with section wise breakdown and a pass/ fail recommendation

Trusted by companies worldwide

Trusted by companies worldwide

"The hiring managers felt that through the technical questions that they asked during the panel interviews, they were able to tell which candidates had better scores, and differentiated with those who did not score as well. They are highly satisfied with the quality of candidates shortlisted with the Adaface screening."


- Human Resources Manager, Singapore Government

Everything you need to know about Accounting and Finance Test 👇

Everything you need to know about Accounting and Finance Test 👇

Adaface Accounting and Finance Test will be customized to accurately evaluate on-the-job skills required for your role. This assessment test is useful when you are hiring candidates for roles like - Financial Accountant, Assistant Financial Accountant, Financial Analyst, Financial Manager, Management Accountant, Staff Accountant, Financial Reporting Accountant, Senior Financial Analyst.

Accounting Principles journal entries ledgers entries trial balance Profit & Loss Statement Balance Sheet provisions depreciation Cash Flow Inventory Valuation Ratio Analysis Basic financial statements fixed assets debits and credits chart of accounts accounts receivable double-entry bookkeeping

Why You Should Use This Test

The Accounting and Finance Online test helps recruiters and hiring managers to identify qualified candidates from a pool of resumes, and helps in taking objective hiring decisions. It reduces the administrative overhead of interviewing too many candidates and saves expensive engineering time by filtering out unqualified candidates.

The Adaface tests screen candidates for the typical skills recruiters look for in a Financial Analyst or an Accountant:

  • Advanced knowledge of MS Excel and accounting software.
  • Experience with business bookkeeping procedures and accounting regulations.
  • Deep expertise in Cash flow management.
  • Proficiency in performing audits and tax returns.

The insights generated from this assessment can be used by recruiters and hiring managers to identify the best candidates for the role. Anti-cheating features enable you to be comfortable with conducting assessments online. The Accounting and Finance Online test is ideal for helping recruiters identify which candidates have the technical skills to do well on the job.

About This Test

The Accounting and Finance test will consist of ~15 MCQ, true or false questions, and job-based simulations crafted by subject-matter experts in the field of financial accounting and will cover a broad spectrum of topics within Finance and Accountancy. Use this Accounting and Finance Online Quiz to streamline your hiring process.

The Accounting and Finance Online Test helps you screen candidates. Interview only candidates with proven hands-on expertise in financial accounting.

Here is a list of topics (only for reference, actual topics and questions for your custom assessment will be chosen by our subject-matter experts based on your job description/ ideal employee persona).

Balance sheets Debits and credits Equity and Assets Cash Flow Inventory
Valuation Ratio Analysis Profit and Loss Statement Logical and Analytical Reasoning Data Interpretation
Sales Invoice Regulations Auditing Cash flow management
Income Statements Ledger entries Depreciation Charts

Score Distribution

You should expect ~20% of the candidates to do well on Adaface assessments.

The score distribution for our assessments follow the normal curve. This is a good sign- standardized tests like SAT and GRE follow the normal distribution (bell curve).

Status quo assessments typically have the exact opposite of the bell curve (too many candidates getting close to 0, too many candidates getting close to 100 and too few candidates in the middle). This is typically because they focus on theoretical questions or trick questions, which are very binary in nature- either you know the trick/ theory or you don’t.

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FAQs

What is a custom assessment?

Every role is different and requires a custom assessment to identify top candidates efficiently. Adaface subject matter experts understand your job description/ role requirements and pick the most relevant questions from our library of 10000+ questions to create a technical assessment that helps you find the qualified candidates in your candidate pipeline quickly. All custom assessments are set up based on the job description, role requirements, must-have skills, experience level and salary range within a maximum of 48 hours and you will get an email notification once it goes live.

Check out a sample assessment here (no credit card required).

Can I combine multiple skills into one custom assessment?

Yes, absolutely. Custom assessments are set up based on your job description, and will include questions on all must-have skills you specify.

How is Adaface different from other assessment tools?

We believe that status quo tech assessment platforms are not a fair way for companies to evaluate engineers because they focus on trick questions/ puzzles/ niche algorithms. We started Adaface to help companies find great engineers by assessing on-the-job skills required for a role. Read more about what we do differently at Adaface here.

Do you have any anti-cheating features in place?

We have the following anti-cheating features in place:

  1. Web proctoring
  2. Webcam proctoring
  3. Plagairism detection
  4. Non-googleable questions
  5. Secure browser

How do I interpret test scores?

The primary thing to keep in mind is that an assessment is an elimination tool, not a selection tool. As in an assessment is optimizing to help you eliminate candidates who are not technically qualified for the role, it is not optimized to help you find the best developer for the role. So the ideal way to use an assessment is to decide a threshold score (typically 60%, we help you benchmark) and invite all candidates who score above the threshold for the next rounds of interview.

What experience level can I use this test for?

Each Adaface assessment is customized to your job description/ ideal developer persona (our subject matter experts will pick the right questions for your assessment from our library of 10000+ questions). This assessment can be customized for Java developer roles for any experience level (unless the role is primarily a leadership/ non-programming role, we do not recommend you a use any automated assessments in that case).

Does every candidate get the same questions?

Yes, it makes it much easier for you to compare candidates. Options for MCQ questions and the order of questions are randomized. We have anti-cheating features in place. In our enterprise plan, we also have the option to create multiple versions of the same assessment with questions of similar difficulty levels.

I'm an engineer. Can I try a practice test?

No. Unfortunately, we do not support practice tests at the moment.

What is the cost for using the Accounting and Finance Test?

Please get in touch, we'll create a custom plan for you based on the number of assessments you need.

Can I get a free trial?

You can sign up for free and check out the platform here. The dashboard has a sample assessment for you to review the quality of questions and check out the candidate experience of a chat based assessment. Since our questions are premium, we are unable to share sample questions for a particular skill/ technology.

I just moved to a paid plan. How can I request a custom assessment?

Check out our quick guide on requesting a custom assessment here.

How do I use this?

Start screening within minutes with Adaface ready-to-go tests

Start screening within minutes with Adaface ready-to-go tests

1. Choose the most appropriate test for your role

2. Start inviting candidates to complete the assessment

3. Receive real time notifications and shortlist the best candidates

Customize the test with multiple skills/ seniority levels according to your job descption

Customize the test with multiple skills/ seniority levels according to your job descption

1. Get a custom assessment from our library of 700+ skills within 48 hours

2. Start inviting candidates to complete the assesment

3. Receive real time notifications and shortlist the best candidates

About The Role

A Financial Accountant is responsible for making observations of the financial state of the organization. They are heavily involved in the day-to-day running of the company accounts, preparation of financial reports in order to assess the financial performance of the business, and fulfillment of other obligations such as tax and statutory reporting by following the correct regulations.

This Accounting and Finance Online Test for hiring candidates focuses on testing for on-the-job skills.

Typical Financial Accountant responsibilities include:

  1. Gathering and monitoring of financial data.
  2. Analyzing current accounting systems and making suggestions for enhancements where needed.
  3. Managing the general ledger which includes overseeing the monthly balance sheet, banking, and intercompany reconciliations.
  4. Organizing internal audits.
  5. Preparation of GST, Payroll, and Corporate Income Tax returns.
  6. Conducting detailed risk analyses to assess potential investments.
  7. Assisting the team with the budgeting and forecasting.
  8. Liaising with external Auditors, Bank Managers, and Tax specialists.

What Are Conversational Assessments

What Are Conversational Assessments

Conversational assessments are the most candidate friendly way to get insights into a candidate's on-the-job skills and suitability for a role, while providing for a delightful candidate experience. Candidates love conversational assessments because they are fast, intuitive and feel like an interview rather than a test.

traditional assessments cons

Tired of traditional assessments with trick questions and low completion rates?

conversational assessments pros

Adaface conversational assessments are reflective of on-the-job skills and see an 86% completion rate as compared to ~50% for traditional assessment platforms.

Read more about conversational assessments.

Test multiple skills in a single assessment customized for your job description

Test multiple skills in a single assessment customized for your job description

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