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Financial Analyst Online Aptitude Test

About the test:

The Financial Analyst Online Aptitude Test uses scenario-based MCQs to evaluate candidates on their aptitude for financial analysis and decision-making. The test assesses candidates' understanding of topics such as financial statement analysis, financial modeling, valuation, forecasting, risk management, and investment analysis. Candidates are evaluated on their ability to analyze financial data, evaluate financial performance, forecast future performance, and make informed investment decisions.

Covered skills:

  • Financial Analysis
  • Excel Fundamentals
  • Investment Analysis
  • Critical Thinking
  • Financial Modeling
  • Risk Management
  • Economic Analysis

9 reasons why
9 reasons why

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



Reason #1

Tests for on-the-job skills

The Financial Analyst Online Aptitude 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:

  • Proficient in accounting principles and practices
  • Ability to utilize Excel for financial analysis and modeling
  • Strong understanding of finance concepts and principles
  • Critical thinking skills to analyze complex financial scenarios
  • Ability to identify and manage risks in financial decision-making
  • Experience in investment analysis and evaluation
  • Knowledge of economic analysis and its impact on financial decisions
  • Ability to apply financial modeling techniques
  • Effective communication and presentation skills for financial reporting
  • Detail-oriented with a strong attention to accuracy in financial statements
  • Ability to interpret and analyze financial data
  • Problem-solving skills to address financial challenges
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 Aptitude 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

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)

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

Claims for a new drug Xylanex
Critical Thinking
Evaluating Arguments
Identifying Assumptions
Solve
A pharmaceutical company claims that their new drug, Xylanex, is highly effective in treating a specific medical condition. They provide statistical data from a clinical trial to support their claim. However, a group of scientists has raised concerns about the validity of the study design and potential bias in the data collection process. They argue that the results may be inflated and not truly representative of the drug's effectiveness.

Which of the following assumptions is necessary to support the pharmaceutical company's claim?
A: The clinical trial participants were randomly selected and representative of the target population.
B: The scientists raising concerns have a conflict of interest and are biased against the pharmaceutical company.
C: The statistical analysis of the clinical trial data was conducted by independent experts.
D: The medical condition being treated by Xylanex is widespread and affects a large number of individuals.
E: The pharmaceutical company has a proven track record of developing effective drugs for similar medical conditions.

Medium

Emma's cafe business
Solve
Emma's cafe has been operating successfully for the last 6 years. Profits have been growing every year, with this year (2020) being their best year so far. As a thank you, Emma treated her staff to a meal at a Michelin star restaurant. 
 image
Below are 3 statements about Emma, her staff and her cafe. Can you help us decide whether the 3 statements are "True", "Probably True", "Insufficient Data to Say True or False", "Probably False", or "False".

1. Emma's staff members are happy.
2. Emma's cafe did well in 2016.
3. Emma is rich.

A: True
B: False
C: Probably True
D: Probably False
E: Insufficient Data

Medium

Ivory's new startup
Solve
Statement: Ivory started a new startup. We know for a fact that almost all startups fail within the first 2 years. 
Conclusion: Ivory's startup will fail.
Does the conclusion follow from the statement?
🧐 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

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

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

Claims for a new drug Xylanex
Critical Thinking
Evaluating Arguments
Identifying Assumptions

2 mins

Critical Thinking
Solve

Medium

Emma's cafe business

2 mins

Critical Thinking
Solve

Medium

Ivory's new startup

2 mins

Critical Thinking
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
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
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
Claims for a new drug Xylanex
Critical Thinking
Evaluating Arguments
Identifying Assumptions
Critical Thinking
Medium2 mins
Solve
Emma's cafe business
Critical Thinking
Medium2 mins
Solve
Ivory's new startup
Critical Thinking
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 Aptitude 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 Aptitude 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 Aptitude Test

Why you should use Financial Analyst Online Aptitude Test?

The Financial Analyst Aptitude 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:

  • Accounting principles and practices
  • Excel functions and formulas
  • Financial analysis, including ratios and trends
  • Financial modeling, forecasting, and valuation
  • Risk management techniques and tools
  • Investment analysis methods and approaches
  • Economic analysis and impact assessment
  • Critical thinking and problem-solving skills
  • Time management and prioritization abilities
  • Attention to detail and accuracy in financial calculations

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 Online Aptitude Test?

  • Financial Analysis

    Financial analysis is the process of assessing the financial health and performance of a company by analyzing its financial statements, ratios, and trends. This skill is measured in the test to evaluate a candidate's ability to understand and interpret financial data, identify key financial metrics, and make informed financial decisions.

  • Financial Modeling

    Financial modeling refers to the practice of creating mathematical models and representations of a company's financial situation, including projections, forecasts, and valuations. This skill is measured in the test to assess a candidate's proficiency in building accurate and reliable financial models, which are crucial for strategic planning, decision-making, and financial analysis.

  • Excel Fundamentals

    Excel fundamentals encompass the basic skills and knowledge required to effectively use Microsoft Excel for financial analysis and reporting. This skill is measured in the test to evaluate a candidate's ability to efficiently navigate Excel, utilize key formulas and functions, analyze data using various tools and techniques, and present findings in a clear and organized manner.

  • Risk Management

    Risk management involves identifying, assessing, and mitigating potential risks that could impact an organization's financial performance and objectives. This skill is measured in the test to gauge a candidate's understanding of risk assessment techniques, familiarity with risk management frameworks, and ability to develop effective risk mitigation strategies.

  • Investment Analysis

    Investment analysis entails evaluating investment opportunities to determine their potential risks and returns. This skill is measured in the test to assess a candidate's ability to analyze financial data, perform valuation models, assess investment risks, and make informed investment decisions based on financial objectives and market conditions.

  • Economic Analysis

    Economic analysis involves examining economic data and trends to understand the overall macroeconomic environment and its impact on businesses and industries. This skill is measured in the test to evaluate a candidate's ability to interpret economic indicators, analyze economic factors that affect financial decisions, and assess the implications of economic variables on business performance.

  • Critical Thinking

    Critical thinking refers to the ability to objectively analyze and evaluate information to form logical and well-rounded judgments or decisions. This skill is measured in the test to assess a candidate's capacity to analyze complex financial problems, think critically about various scenarios, and make sound financial recommendations based on evidence and reasoning.

  • 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 Aptitude Test to be based on.

    Financial statements
    Double-entry bookkeeping
    Cash flow analysis
    Budgeting and forecasting
    Financial ratios
    Cost of capital
    Capital budgeting
    Time value of money
    Financial risk management
    Capital structure
    Financial markets and instruments
    Financial statement analysis
    Valuation techniques
    Ratio analysis
    Working capital management
    Portfolio management
    Options and futures
    Merger and acquisition analysis
    Financial modeling best practices
    Return on investment
    Economic indicators
    Econometric analysis
    Foreign exchange markets
    Financial planning and analysis
    Risk assessment
    Investment appraisal
    Corporate finance principles
    Financial regulations and compliance
    Interpretation of financial data
    Scenario analysis
    Asset allocation strategies
    Financial decision-making
    Financial performance evaluation
    Taxation policies
    Financial control and audit
    Working capital financing
    Capital asset pricing model
    Capital market theory
    Financial ethics and responsibility
    Diversification strategies
    Business valuation methods
    Cost analysis
    Dividend policies
    Market efficiency
    Financial leverage
    Derivative instruments
    Debt and equity financing
    Financial planning models
    Depreciation methods
    International financial management
    Financial reporting standards
    Bond valuation
    Financial software applications
    Financial forecasting
    Financial decision analysis
    Microeconomic analysis
    Financial analysis techniques
    Investment strategies
    Economic development analysis
    Risk and return evaluation
    Working capital analysis

What roles can I use the Financial Analyst Online Aptitude Test for?

  • Financial Analyst
  • Investment Analyst
  • Risk Analyst
  • Business Analyst

How is the Financial Analyst Online Aptitude 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

  • Ability to interpret and analyze financial statements
  • Knowledge of financial markets and instruments
  • Understanding of corporate finance principles
  • Proficiency in using financial software/systems
  • Data analysis and reporting skills
  • Ability to conduct variance analysis
  • Knowledge of financial regulations and compliance
  • Effective written and verbal communication skills
  • Ability to work under pressure and meet deadlines
  • Strong analytical and logical reasoning abilities
Singapore government logo

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 Online Aptitude Test FAQs

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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