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About the test:

The financial analyst test evaluates a candidate’s ability to understand financial statements, calculate and interpret financial indicator ratios and predict future results. This pre-employment test helps recruiters identify candidates with strong accounting and compliance backgrounds.

Covered skills:

  • Accounting Principles
  • Expertise with Excel
  • Budgeting and Forecasting
  • Investment Analysis
  • Cost of Capital
  • Bookkeeping fundamentals
  • Financial Statements
  • Financial Ratios
  • Risk Management
  • Capital Budgeting

9 reasons why
9 reasons why

Adaface Financial Analyst Assessment Test is the most accurate way to shortlist Financial Analysts



Reason #1

Tests for on-the-job skills

The Financial Analyst Test helps recruiters and hiring managers 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 time by filtering out unqualified candidates at the first step of the hiring process.

The test screens for the following skills that hiring managers look for in candidates:

  • Proficiency in accounting principles
  • Strong grasp of bookkeeping fundamentals
  • Expertise in using Excel for financial analysis
  • Ability to analyze and interpret financial statements
  • Experience in budgeting and forecasting
  • Knowledge of financial ratios and their significance
  • Understanding of investment analysis techniques
  • Familiarity with risk management strategies
  • Understanding of cost of capital calculations
  • Ability to perform capital budgeting evaluations
Reason #2

No trick questions

no trick questions

Traditional assessment tools use trick questions and puzzles for the screening, which creates a lot of frustration among candidates about having to go through irrelevant screening assessments.

View sample questions

The main reason we started Adaface is that traditional pre-employment assessment platforms are not a fair way for companies to evaluate candidates. At Adaface, our mission is to help companies find great candidates by assessing on-the-job skills required for a role.

Why we started Adaface
Reason #3

Non-googleable questions

We have a very high focus on the quality of questions that test for on-the-job skills. Every question is non-googleable and we have a very high bar for the level of subject matter experts we onboard to create these questions. We have crawlers to check if any of the questions are leaked online. If/ when a question gets leaked, we get an alert. We change the question for you & let you know.

How we design questions

These are just a small sample from our library of 10,000+ questions. The actual questions on this Financial Analyst Test will be non-googleable.

🧐 Question

Medium

Comprehensive income
Income statement
Solve
ProCoder Inc. reported the following information on Dec 31st. If we ignore income tax, what should ProCoder report as comprehensive income as of Dec 31?
 image

Medium

Land Sale
Balance Sheet
Asset Classification
Acquisition Accounting
Solve
Here’s the balance sheet for SinkedIn Ltd as of December 31, 2022:
 image
SinkedIn Ltd acquires a smaller company for $100,000 cash. The acquisition adds $60,000 in goodwill and increases the long-term investments by $40,000. 

Here’s the new balance sheet created after these changes:
 image
Which of the following rows are erroneous rows in the balance sheet after the acquisition?

Medium

Sell off long-term investment
Balance Sheet
Dividend distributions
Equity transactions
Solve
Review the following balance Sheet for Company Sinclair as of December 31, 2023 (in thousands of dollars)
 image
 image
Suppose that Company Sinclair has a tax rate of 30%. What will be the company's new equity balance if the company sells all its long-term investments at their book value, pays off all its short-term debt, and distributes the remaining cash as a dividend to shareholders?

Medium

Earnings Per Share
Solve
Consider the following financial data for 3 companies (in millions) for the year 2022:
 image
Which company has the highest Earnings Per Share (EPS) if each company has 50 million outstanding shares?

Medium

Net cash receipt on issued bonds
Solve
Gajni Inc. issued 2000 $100 9% bonds on May 1 (year 1). These bonds are issued at 103 plus accrued interest. The bonds are dated Jan 1 (year 1) and mature on Jan 1 (year 5). Interest needs to be paid twice a year (Jan 1 and July 1). The cost of issuing the bonds, $5000 was paid by Gajni Inc. to the investment bank. What would be the net cash receipt realized by Gajni Inc. from the issuance of these bonds?

Medium

Return on Capital Employed
Solve
Consider the following financial data for five companies for the year 2022:
 image
Which company has the highest Return on Capital Employed (ROCE)?

Easy

Hedge risk using derivates
Solve
Phenomenal Pte. Ltd., a Singapore based company secured a new client in Germany for their SaaS business, and is expecting to receive a payment of EUR 1.3 million after 6 weeks. They want to be certain of the amount they receive and plan on using the derivates market to hedge the risk. What action would you recommend?

Medium

MATCH INDEX LOOKUP
Solve
Some friends live in adjacent apartments in a building in Central Perk, New York. We want to write a function to search the apartment number by name. Which of the following functions should we use?
 image

Medium

Organization data
Data transformation
Solve
We have two Excel files with organization data. One file has Organization ID and Organization Name fields, whereas the second file has Organization ID, Organization Name and Country fields. We wrote a query to retrieve the data from both files. Here’s a sample of the data retrieved:
 image
We want to ensure Organization ID field is unique. Which of the following is the ideal solution that ensures Organization ID field is unique while retaining Country data?

A: Select the Organization ID and Country columns, and then click Keep Duplicates.
B: Select the Organization ID and Country columns, and then click Remove Duplicates.
C: Use Group BY function to group the rows by Organization ID. Specify output columns for Organization Name and Country using MAX operation.
D: Select Organization ID column and then click Remove Duplicates. Then specify output columns for Country using MAX operation.

Medium

Student scores
Data formatting
Solve
Here’s a sample Excel data source:
 image
Here’s the expected data format: 
 image
Which of the following is the correct way to transform the data from the query editor to achieve the result?

A: Columns to Select: Student Only
B: Columns to Select: Student and Student ID
C: Columns to Select: Primary and Secondary
D: Command to Use: Pivot Column
E: Command to Use: Reverse Rows
F: Command to Use: Unpivot Columns

Medium

VLOOKUP blood donor
Solve
We are looking to find the contact number of the only blood donor with blood group O-. Which function should we use to look up the correct contact number? Here's the documentation for VLOOKUP: =VLOOKUP(lookup value, range containing the lookup value, the column number in the range containing the return value, Approximate match (TRUE) or Exact match (FALSE)).
 image
A: =VLOOKUP("O-", A1:E10, 3, TRUE)
B: =VLOOKUP("O-", A1:E10, 3, FALSE)
C: =VLOOKUP("O-", D1:D10, 4)
D: =VLOOKUP("O-", D1:D10, 3)
E: =VLOOKUP("O-", A1:E10, 4, TRUE)
F: =VLOOKUP("O-", A1:E10, 4, FALSE)
G: =VLOOKUP("Kane", A1:E10, 4)
🧐 Question🔧 Skill

Medium

Comprehensive income
Income statement

2 mins

Accounting
Solve

Medium

Land Sale
Balance Sheet
Asset Classification
Acquisition Accounting

3 mins

Accounting
Solve

Medium

Sell off long-term investment
Balance Sheet
Dividend distributions
Equity transactions

3 mins

Accounting
Solve

Medium

Earnings Per Share

3 mins

Finance
Solve

Medium

Net cash receipt on issued bonds

3 mins

Finance
Solve

Medium

Return on Capital Employed

3 mins

Finance
Solve

Easy

Hedge risk using derivates

2 mins

Finance
Solve

Medium

MATCH INDEX LOOKUP

2 mins

Excel
Solve

Medium

Organization data
Data transformation

3 mins

Excel
Solve

Medium

Student scores
Data formatting

2 mins

Excel
Solve

Medium

VLOOKUP blood donor

2 mins

Excel
Solve
🧐 Question🔧 Skill💪 Difficulty⌛ Time
Comprehensive income
Income statement
Accounting
Medium2 mins
Solve
Land Sale
Balance Sheet
Asset Classification
Acquisition Accounting
Accounting
Medium3 mins
Solve
Sell off long-term investment
Balance Sheet
Dividend distributions
Equity transactions
Accounting
Medium3 mins
Solve
Earnings Per Share
Finance
Medium3 mins
Solve
Net cash receipt on issued bonds
Finance
Medium3 mins
Solve
Return on Capital Employed
Finance
Medium3 mins
Solve
Hedge risk using derivates
Finance
Easy2 mins
Solve
MATCH INDEX LOOKUP
Excel
Medium2 mins
Solve
Organization data
Data transformation
Excel
Medium3 mins
Solve
Student scores
Data formatting
Excel
Medium2 mins
Solve
VLOOKUP blood donor
Excel
Medium2 mins
Solve
Reason #4

1200+ customers in 75 countries

customers in 75 countries
Brandon

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

Reason #5

Designed for elimination, not selection

The most important thing while implementing the pre-employment Financial Analyst Test in your hiring process is that it is an elimination tool, not a selection tool. In other words: you want to use the test to eliminate the candidates who do poorly on the test, not to select the candidates who come out at the top. While they are super valuable, pre-employment tests do not paint the entire picture of a candidate’s abilities, knowledge, and motivations. Multiple easy questions are more predictive of a candidate's ability than fewer hard questions. Harder questions are often "trick" based questions, which do not provide any meaningful signal about the candidate's skillset.

Science behind Adaface tests
Reason #6

1 click candidate invites

Email invites: You can send candidates an email invite to the Financial Analyst Test from your dashboard by entering their email address.

Public link: You can create a public link for each test that you can share with candidates.

API or integrations: You can invite candidates directly from your ATS by using our pre-built integrations with popular ATS systems or building a custom integration with your in-house ATS.

invite candidates
Reason #7

Detailed scorecards & benchmarks

View sample scorecard
Reason #8

High completion rate

Adaface tests are conversational, low-stress, and take just 25-40 mins to complete.

This is why Adaface has the highest test-completion rate (86%), which is more than 2x better than traditional assessments.

test completion rate
Reason #9

Advanced Proctoring


Learn more

About the Financial Analyst Online Test

Why you should use Pre-employment Financial Analyst Test?

The Financial Analyst Test makes use of scenario-based questions to test for on-the-job skills as opposed to theoretical knowledge, ensuring that candidates who do well on this screening test have the relavant skills. The questions are designed to covered following on-the-job aspects:

  • Applying accounting principles effectively
  • Executing bookkeeping fundamentals accurately
  • Utilizing expertise with Excel proficiently
  • Analyzing financial statements comprehensively
  • Creating budgets and forecasting effectively
  • Calculating financial ratios accurately
  • Conducting investment analysis proficiently
  • Implementing risk management strategies effectively
  • Analyzing cost of capital proficiently
  • Evaluating capital budgeting projects effectively

Once the test is sent to a candidate, the candidate receives a link in email to take the test. For each candidate, you will receive a detailed report with skills breakdown and benchmarks to shortlist the top candidates from your pool.

What topics are covered in the Financial Analyst Test?

  • Accounting Principles

    Accounting Principles refer to the fundamental concepts and guidelines that govern the practice of financial accounting. These principles provide standardization and consistency in recording, reporting, and analyzing financial data, ensuring accuracy and reliability in financial statements.

  • Bookkeeping Fundamentals

    Bookkeeping Fundamentals encompass the basic principles and techniques used to record financial transactions accurately and systematically. It involves tasks such as maintaining ledgers, reconciling accounts, and preparing financial statements, providing a solid foundation for effective financial analysis and decision-making.

  • Expertise with Excel

    Expertise with Excel includes proficiency in using spreadsheet software to analyze financial data and perform various calculations. It allows financial analysts to efficiently organize data, create models, generate charts and graphs, and apply advanced functions to facilitate data analysis and reporting.

  • Financial Statements

    Financial Statements are formal reports that provide a summary of a company's financial transactions, performance, and position during a specific period. The analysis of financial statements allows financial analysts to assess a company's profitability, liquidity, and solvency, providing valuable insights for evaluating its financial health and making informed decisions.

  • Budgeting and Forecasting

    Budgeting and Forecasting involve the process of planning and estimating future financial outcomes based on historical data, market trends, and strategic objectives. It enables financial analysts to develop budgets, set financial targets, and project potential financial scenarios, helping organizations allocate resources effectively and make informed business decisions.

  • Financial Ratios

    Financial Ratios are mathematical indicators that measure and evaluate the relationships between different elements of a company's financial statements. They provide insights into a company's liquidity, profitability, efficiency, and solvency, allowing financial analysts to assess its financial performance, identify trends, and compare it to industry benchmarks.

  • Investment Analysis

    Investment Analysis involves evaluating the financial viability and potential risks and rewards of investment opportunities. It enables financial analysts to assess the value of investments, estimate future returns, and evaluate the risk factors associated with different investment options, providing guidance for making investment decisions that align with organizational goals and risk appetite.

  • Risk Management

    Risk Management refers to the identification, assessment, and mitigation of potential risks that may negatively impact a company's financial performance and objectives. Financial analysts use risk management techniques and tools to assess risks, develop risk mitigation strategies, and ensure the effective allocation of resources to minimize potential losses and safeguard the organization's financial stability.

  • Cost of Capital

    Cost of Capital represents the required rate of return that a company must achieve on its investments to maintain the value of its capital. It includes the cost of debt and equity financing and serves as a benchmark for evaluating investment projects and determining the optimal capital structure. Financial analysts measure the cost of capital to assess the feasibility and profitability of investment opportunities.

  • Capital Budgeting

    Capital Budgeting involves the process of evaluating and selecting long-term investment projects, such as purchasing new equipment or expanding operations. Financial analysts apply various techniques, such as net present value (NPV) and internal rate of return (IRR), to assess the profitability, cash flow implications, and potential risks associated with capital investment decisions.

  • Full list of covered topics

    The actual topics of the questions in the final test will depend on your job description and requirements. However, here's a list of topics you can expect the questions for Financial Analyst Test to be based on.

    Double-entry bookkeeping
    Accrual accounting
    Asset valuation
    Depreciation methods
    Financial statement analysis
    Cash flow statement
    Income statement
    Balance sheet
    Budget creation
    Forecasting
    Variance analysis
    Financial ratios calculation
    Liquidity ratios
    Profitability ratios
    Solvency ratios
    Time value of money
    Capital budgeting techniques
    Payback period
    Net present value
    Internal rate of return
    Risk assessment
    Diversification strategies
    Portfolio management
    Cost of capital calculation
    Weighted average cost of capital
    Investment analysis
    Capital asset pricing model
    Market risk
    Financial modeling
    Financial statement fraud detection
    Lease accounting
    Foreign currency translation
    Working capital management
    Debt financing
    Equity financing
    Dividend policy
    Options valuation
    Derivatives
    Business valuation
    Financial planning
    Cost accounting
    Break-even analysis
    Merger and acquisition analysis
    Earnings per share
    Cost of goods sold
    Inventory management
    Taxation principles
    Forensic accounting
    Audit procedures
    Capital structure
    Financial risk assessment
    Cash management
    Financial reporting standards

What roles can I use the Financial Analyst Test for?

  • Financial Analyst
  • Investment Analyst
  • Credit Analyst
  • Budget Analyst
  • Financial Consultant

How is the Financial Analyst Test customized for senior candidates?

For intermediate/ experienced candidates, we customize the assessment questions to include advanced topics and increase the difficulty level of the questions. This might include adding questions on topics like

  • Implementing advanced accounting principles
  • Performing complex bookkeeping tasks accurately
  • Mastering advanced Excel functionalities
  • Interpreting complex financial statements
  • Developing advanced budgeting and forecasting models
  • Applying advanced financial ratio analysis techniques
  • Executing advanced investment analysis strategies
  • Implementing advanced risk management methodologies
  • Analyzing advanced cost of capital scenarios
  • Evaluating complex capital budgeting decisions
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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.


85%
reduction in screening time

Financial Analyst Hiring Test FAQs

What is the Financial Analyst Test?

The Financial Analyst Test is a 30 min pre-employment test to help you determine which candidates can understand company financials, evaluate investment decisions & predict financial outcomes. This screening test is designed to help you shortlist top candidates for the interview.

How should I use the Financial analyst test in my hiring process?

This short pre-employment Financial Analyst Test is designed to be an elimination tool (not a selection tool). Using it in the early stages of your hiring process will help you shortlist the top qualified candidates for interviews.

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. Here's a quick guide on how you can request a custom test.

Do you have any anti-cheating or proctoring features in place?

We have the following anti-cheating features in place:

  • Non-googleable questions
  • IP proctoring
  • Screen proctoring
  • Web proctoring
  • Webcam proctoring
  • Plagiarism detection
  • Secure browser
  • Copy paste protection

Read more about the proctoring features.

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. A skills assessment is optimized to help you eliminate candidates who are not technically qualified for the role, it is not optimized to help you find the best candidate for the role. So the ideal way to use an assessment is to decide a threshold score (typically 55%, 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 candidate 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 any experience level.

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/ proctoring 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 a candidate. Can I try a practice test?

No. Unfortunately, we do not support practice tests at the moment. However, you can use our sample questions for practice.

What is the cost of using this test?

You can check out our pricing plans.

Can I get a free trial?

Yes, you can sign up for free and preview this test.

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

Here is a quick guide on how to request a custom assessment on Adaface.

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