Financial & Excel Modeling Test

Financial & Excel Modeling 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
  • amazon
  • paypal
  • UCLA
  • lovebonito
  • singapore-government
  • nielson
  • adidas

Sample Questions

Sample Questions

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

🧐 Question 🔧 Skill 💪 Difficulty ⌛ Time
All stock acquisition - Deemak Inc. is acquiring Ch...
Financial Modeling Medium 2 min
Depreciation on new Capex - Our financial intern delete...
Financial Modeling Medium 3 min
Financial Modeling
All stock acquisition
All stock acquisition
Duration ⌛
Difficulty 💪
: 2 mins
: Medium

Deemak Inc. is acquiring Chopper in an all stock deal. Deemak Inc. ...

View Question
Financial Modeling
Depreciation on new Capex
Depreciation on new Capex
Duration ⌛
Difficulty 💪
: 3 mins
: Medium

Our financial intern deleted the entries for the the Depreciation f...

View Question

"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

Start using conversational Financial & Excel Modeling Test for the most accurate and candidate friendly screening today
Start using conversational Financial & Excel Modeling Test for the most accurate and candidate friendly screening today
💼
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.

💯
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%.

🎯
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

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 Financial & Excel Modeling Test 👇

Everything you need to know about Financial & Excel Modeling Test 👇

Adaface Financial & Excel Modeling 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 and Modeling Analyst, Financial Modelling Consultant, Finance Research Manager, Financial Modeling Specialist.

Time Value of money - net present value internal rate of return Financial Analysis Asset Valuation Stock Valuation Risk And Return - from various asset classes Calculation of rate of return Capital Asset Pricing Model Excel Macros

Why You Should Use This Test

The Financial and Excel Modeling 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 Financial and Excel Modeling test screens candidates for the typical skills recruiters look for in a Financial Analyst:

  • Expertise in performing asset and stock valuation.
  • Solid understanding of accounting fundamentals.
  • Expertise in advanced MS Excel skills.
  • In-depth understanding of financial models for variance analysis and business forecasting.
  • Ability to use multiple sources for data compilation.
  • Basic understanding of creating performance reports.

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 Financial and Excel Modeling test is ideal for helping recruiters identify which candidates have the technical skills to do well on the job.  

About This Test

The Financial and Excel Modeling test will consist of ~25 MCQs/ scenario-based questions crafted by subject matter experts and will cover a broad spectrum of topics within Financial modeling and Excel fundamentals. Use this Financial and Excel Modeling test to streamline your hiring process.

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 candidate persona).

Income Statements, Balance Sheets, and Cash Flows Discounted Cash Flow Model Leveraged Buyout Model Comparable Company Analysis Model
Mergers and Acquisitions Model Excel Macros Asset and Stock Valuation Sensitivity Analysis
LOOKUP and VLOOKUP Revenue Forecasting Cost Forecasting Debt Forecasting
Discounted Cash Flows Evaluation Return on Equity Return on Assets Turnover Ratios

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 why we started Adaface.

Here's what's different with Adaface:

  1. High quality non-googleable questions that test for on-the-job skills as opposed to theoretical knowledge.
  2. A friendly conversational assessment with a chatbot, instead of sending a "test" to a candidate. This translates to a higher completion rate. Adaface assessments (86% candidate completion rate), as opposed to traditional tests (40-50% candidate completion rate)
  3. Customized assessments for 700+ skills at different experience levels.
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 candidate 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 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 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.

What is the cost for using the Financial & Excel Modeling Test?

You can check out our pricing plans here.

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. You can also review our sample public questions here.

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.

What is Financial Modeling

Financial modeling is one of the most important skills in financial analysis. It combines the fields of finance, accounting, and business metrics to forecast an organization’s future financial performance. Financial modeling is heavily dependent on the use of Microsoft Excel for its forecasting purposes.

The various purposes for which financial models can be used include:

  1. Debt Affordability
  2. Evaluation of a business
  3. Cashflow and capital budgeting
  4. Data-driven decision making
  5. Future planning

Some of the most common career paths that utilize financial models are:

  1. Credit Analysts
  2. Private Equity Analysts and Associates
  3. Financial Planning and Analysis (FP&A) Analysts and Managers
  4. Equity Research Analysts and Associates
  5. Investment Banking Analysts and Associates
How do I use this?
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

OR

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

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

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

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.

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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