Financial reasoning tests reveal a person's basic financial knowledge and measure a person’s ability to solve financial problems. Typical financial reasoning questions will require a knowledge of ratios, percentages, profits, and interest, etc. These tests are widely used by companies in the financial industry, such as banks, mortgage companies, business consulting, etc.
These tests typically contain scenario based questions with a short description of a scenario that is accompanied with extracts of numerical data. The questions require candidates to filter and extract the necessary information quickly and effectively. These tests also test candidates' ability to complete more elaborate calculations compared to what is expected within a numerical reasoning test.
Candidates are expected to be well versed in reading business statements, profit and loss accounts and balance sheets. Like numerical reasoning tests, questions will include data in graphs, tables, and text format.