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Financial & Excel Modeling Test

The financial modeling test assesses a candidate's understanding of fundamental financial modeling concepts like historical ratios, income statement, working capital, depreciation schedule, amortization schedule, shareholder equity schedule, stock options, cash flow statements, time value of money, capital asset pricing model and asset valuation and their ability to create and maintain financial models using Excel.

Customized Based On:

  • Experience/ difficulty level
  • Multiple skills in 1 assessment
  • Job description/ role requirements

Covered Topics:

cash flow statement
depreciation schedule
historical ratios
Time Value of money
Net present value
Internal rate of return
Financial Analysis
Asset Valuation
Stock Valuation
Risk And Return
Rate of return
Capital Asset Pricing Model
Excel Macros
See full list
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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.


Human Resources Manager

Singapore Government

85%
reduction in screening time

Sample Excel and Financial Modeling Test Questions

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

🧐 Question🔧 Skill💪 Difficulty⌛ Time
All stock acquisition
Deemak Inc. is acquiring Chopper in an all stock deal. Deemak Inc. has 1000 shares, an EPS of $3.25 and P/E ratio of 11. Chopper has 300 shares, an EPS of $3.75 and P/E ratio of 13. How would you describe this deal for Deemak?
Financial ModelingMedium2 min
Depreciation on new Capex
Our financial intern deleted the entries for the Depreciation from new CapEx by mistake. Can you help them calculate the total depreciation on new CapEx in Year 3?
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Financial ModelingMedium3 min
MATCH INDEX LOOKUP
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?
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ExcelMedium2 min
VLOOKUP blood donor
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?
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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)
ExcelMedium2 min

How to use the Adaface Excel and Financial Modeling Test

Start screening candidates within minutes with the ready-to-go Financial & Excel Modeling Test

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 Adaface Financial & Excel Modeling Test according to your job description

1. Get a custom assessment from our library of 500+ skills within 48 hours

2. Start inviting candidates to complete the assesment

3. Receive real time notifications and shortlist the best candidates

Adaface Financial & Excel Modeling Test is trusted by enterprises worldwide

amazon
PayPal
Morgan Stanley
Adidas
SG Government
Neilsen
UCLA
Ernst and Young
Microsoft
WeWork
Bosch
Optimum Solutions
SAP
Doubtnut
Deloitte
HCL
FusionCharts
United Nations
Sokrati
Love Bonito
ZiMetrics
MTM

About the Adaface Excel and Financial Modeling Assessment Test

Evaluate financial modeling and Excel skills with Adaface skills assessment platform powered by an intelligent chatbot

Topics:

Income Statements
Discounted Cash Flow
Excel Macros
Revenue Forecasting
Return on Equity
Leveraged Buyout Model
Excel Macros
Cost Forecasting
Return on Assets
Comparable Company Analysis Model
Sensitivity Analysis
Debt Forecasting
Turnover Ratios
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
Balance Sheets
Cash Flows
Sensitivity Analysis
Historical Financial Statements
Financial Model Layout
Shareholder’s equity schedule
Working capital schedule
Depreciation schedule
Receivables turnover
Inventory turnover
Accounts Payables
NPV and XNPV

The debt to equity ratio is a representation of the company's capital structure that determines the proportion of external liabilities to the shareholders' equity.

Debt to Equity Ratio
DCF Valuation
Margins – Gross, Operating, and Net
Debt Financing
Equity Financing
Efficiency Ratios
Leverage Ratios
Liquidity ratios
Mergers and Acquisitions Model
LOOKUP
VLOOKUP

Recommended Roles:

Financial and Modeling Analyst
Financial Modelling Consultant
Finance Research Manager
Financial Modeling Specialist

Why You Should Use This Financial Modeling 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.

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.

Business analysts, financial consultants, and finance professionals should have the ability to develop powerful financial models to project the financial performance of the company and conduct various other financial analyses that give powerful insights.

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

  • Debt Affordability
  • Evaluation of a business
  • Cashflow and capital budgeting
  • Data-driven decision making
  • Future planning

Distribution Of Test Scores

The actual score distribution will vary based on your candidate pipeline quality, but you should typically 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.

How Adaface Is Different

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

OLD WAY

TRADITIONAL TESTS

Theoretical questions/ puzzles

Feels like a test

One-size-fits-all assessments

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Weeks/Months

NEW WAY

ADAFACE ASSESSMENTS

Questions for on-the-job skills

Conversational

Customized
assessments

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Days

FAQs

What type of questions will the financial modeling test contain?

The financial modelling test contains scenario-based questions that test candidates on the following:

  • Expertise in building and managing financial models for variance analysis and business forecasting
  • Experience undertaking asset valuation and stock valuation
  • Deep understanding of historical ratios, income statement, depreciation schedule, amortization schedule and working capital
  • Strong problem-solving skills

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:

  • High quality non-googleable questions that test for on-the-job skills as opposed to theoretical knowledge.
  • 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)
  • Customized assessments for 700+ skills at different experience levels.

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

We have the following anti-cheating features in place:

  • Web proctoring
  • Webcam proctoring
  • Plagairism detection
  • Non-googleable questions
  • Secure browser

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?

The platform is completely self-serve, so here's one way to proceed:

  • You can sign up for free to get a feel for how it works.
  • The free trial includes one sample assessment (Java/ JavaScript) that you will find in your dashboard when you sign up. You can use it to review the quality of questions, and the candidate experience of a conversational test on Adaface.
  • To review the quality of questions, you can also review our public questions for 50+ skills here.
  • Once you're convinced that you want to try it out with real assessments and candidates, you can pick a plan according to your requirements.

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.

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

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