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

Test Duration

35 mins

Difficulty Level

Moderate

Questions

10 Accounting MCQs
5 Excel MCQs
5 Finance MCQs

Availability

Ready to use

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About the Financial Analyst Assessment Test

The Financial Analyst Test is designed to assist recruiters and hiring managers in identifying promising candidates for financial analyst positions from a large pool of applicants, enabling more objective and informed hiring decisions. This test minimizes the time spent interviewing unsuitable candidates by filtering them out early in the recruitment process, saving time and resources.

This test evaluates a candidate's grasp of Accounting Principles and Bookkeeping fundamentals, their Expertise with Excel, and their skill in interpreting Financial Statements. It further assesses abilities in Budgeting and Forecasting, understanding Financial Ratios, Investment Analysis, Risk Management, Cost of Capital calculations, and Capital Budgeting techniques.

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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 15,000+ 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?
Medium Land Sale Balance Sheet Asset Classification Acquisition Accounting	Solve
Here’s the balance sheet for SinkedIn Ltd as of December 31, 2022: 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: 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) 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 Financial Calculations Eps Calculation	Solve
Consider the following financial data for 3 companies (in millions) for the year 2022: Which company has the highest Earnings Per Share (EPS) if each company has 50 million outstanding shares?
Medium Net cash receipt on issued bonds Bond Issuance Accounting Debt Financing	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 Return On Equity/investment Analysis	Solve
Consider the following financial data for five companies for the year 2022: Which company has the highest Return on Capital Employed (ROCE)?
Easy Hedge risk using derivates Financial Reporting Risk Assessment Derivatives	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?
Medium Organization data Data transformation Duplicate Data Removal Remove Duplicate Values	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: 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 Data Transformation Data Manipulation	Solve
Here’s a sample Excel data source: Here’s the expected data format: 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 Lookup Functions Data Manipulation	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)). 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
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?
	Medium Land Sale Balance Sheet Asset Classification Acquisition Accounting	3 mins Accounting	Solve
Here’s the balance sheet for SinkedIn Ltd as of December 31, 2022: 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: 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	3 mins Accounting	Solve
Review the following balance Sheet for Company Sinclair as of December 31, 2023 (in thousands of dollars) 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 Financial Calculations Eps Calculation	3 mins Finance	Solve
Consider the following financial data for 3 companies (in millions) for the year 2022: Which company has the highest Earnings Per Share (EPS) if each company has 50 million outstanding shares?
	Medium Net cash receipt on issued bonds Bond Issuance Accounting Debt Financing	3 mins Finance	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 Return On Equity/investment Analysis	3 mins Finance	Solve
Consider the following financial data for five companies for the year 2022: Which company has the highest Return on Capital Employed (ROCE)?
	Easy Hedge risk using derivates Financial Reporting Risk Assessment Derivatives	2 mins Finance	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	2 mins Excel	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?
	Medium Organization data Data transformation Duplicate Data Removal Remove Duplicate Values	3 mins Excel	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: 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 Data Transformation Data Manipulation	2 mins Excel	Solve
Here’s a sample Excel data source: Here’s the expected data format: 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 Lookup Functions Data Manipulation	2 mins Excel	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)). 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	💪 Difficulty	⌛ Time
	Comprehensive income Income statement	Accounting	Medium	2 mins	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?
	Land Sale Balance Sheet Asset Classification Acquisition Accounting	Accounting	Medium	3 mins	Solve
Here’s the balance sheet for SinkedIn Ltd as of December 31, 2022: 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: Which of the following rows are erroneous rows in the balance sheet after the acquisition?
	Sell off long-term investment Balance Sheet Dividend distributions Equity transactions	Accounting	Medium	3 mins	Solve
Review the following balance Sheet for Company Sinclair as of December 31, 2023 (in thousands of dollars) 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?
	Earnings Per Share Financial Calculations Eps Calculation	Finance	Medium	3 mins	Solve
Consider the following financial data for 3 companies (in millions) for the year 2022: Which company has the highest Earnings Per Share (EPS) if each company has 50 million outstanding shares?
	Net cash receipt on issued bonds Bond Issuance Accounting Debt Financing	Finance	Medium	3 mins	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?
	Return on Capital Employed Return On Equity/investment Analysis	Finance	Medium	3 mins	Solve
Consider the following financial data for five companies for the year 2022: Which company has the highest Return on Capital Employed (ROCE)?
	Hedge risk using derivates Financial Reporting Risk Assessment Derivatives	Finance	Easy	2 mins	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?
	MATCH INDEX LOOKUP	Excel	Medium	2 mins	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?
	Organization data Data transformation Duplicate Data Removal Remove Duplicate Values	Excel	Medium	3 mins	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: 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.
	Student scores Data formatting Data Transformation Data Manipulation	Excel	Medium	2 mins	Solve
Here’s a sample Excel data source: Here’s the expected data format: 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
	VLOOKUP blood donor Lookup Functions Data Manipulation	Excel	Medium	2 mins	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)). 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)

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Why you should use Pre-employment Financial Analyst Test?

The Financial Analyst Test offers a streamlined method to assess candidates' capabilities in key financial domains. It moves beyond simple recall, focusing on practical application and problem-solving skills relevant to financial analysis roles.

This test evaluates a candidate's understanding of core accounting principles and bookkeeping practices, their ability to work with financial statements, and their capacity to perform budgeting and forecasting tasks. Furthermore, it gauges their skills in financial ratio analysis, investment analysis, risk management, cost of capital determination, and capital budgeting techniques. The Excel portion examines skills in data manipulation and analysis.

Upon completion, you will receive a detailed scorecard for each candidate, providing a skill-by-skill breakdown to facilitate informed hiring decisions and identify top talent for your organization.

What topics are covered in the Financial Analyst Test?

This test assesses a candidate's command of Accounting Principles, Bookkeeping fundamentals, and Financial Statements. These skills are important for creating accurate records and reports, which form the backbone of sound financial decision-making. A strong grasp of these concepts enables professionals to understand an organization's financial health.

Furthermore, the evaluation covers Expertise with Excel, Budgeting and Forecasting, and Financial Ratios. Proficiency in Excel allows for insightful data analysis and modeling. The ability to create realistic budgets and forecasts is tested, as it demonstrates the ability to plan for the future. Understanding financial ratios helps in interpreting financial performance.

Additionally, the exam examines Investment Analysis, Risk Management, Cost of Capital, and Capital Budgeting. Investment Analysis helps determine the attractiveness of different investment opportunities. Demonstrating an understanding of Risk Management shows an awareness of potential financial pitfalls and strategies to mitigate them. A strong understanding of Cost of Capital and Capital Budgeting is necessary to decide which projects to invest in.

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 senior-level candidates, the Financial Analyst Test shifts its focus to more intricate scenarios and advanced applications of financial knowledge. The test evaluates the candidate's ability to apply advanced financial modeling techniques and tackle intricate investment analysis problems. The ability to navigate complex risk management scenarios and formulate strategic recommendations based on financial data is also gauged. Candidates are evaluated on their experience with handling intricate budgeting and forecasting that involves several departments, and their capacity to optimize resources and enhance profitability.

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Have questions about the Financial Analyst Hiring Test?

What is Financial Analyst Test?

The Financial Analyst Test assesses candidates' knowledge and expertise in financial analysis. It is used by recruiters to evaluate skills in accounting principles, Excel proficiency, financial statements, budgeting, and more.

Can I combine Financial Analyst Test with another test?

Yes, recruiters can request a custom test that includes multiple skills from our test library. For example, you can combine the Financial Analyst Test with the Financial Accounting Test.

What kind of questions are used to evaluate senior candidates?

Senior candidates are evaluated on advanced skills such as implementing advanced accounting principles, mastering Excel functionalities, interpreting complex financial statements, and developing advanced budgeting models.

How to use Financial Analyst Test in my hiring process?

Use the Financial Analyst Test as a pre-screening tool at the start of your recruitment. Include the test link in your job post or invite candidates via email. It helps identify skilled candidates early on.

What are the main Financial Tests?

The main financial tests are:

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:

Hidden AI Tools Detection with Honestly
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.

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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.

View sample scorecard

Along with scorecards that report the performance of the candidate in detail, you also receive a comparative analysis against the company average and industry standards.

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