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Financial Analyst Test

🕒 Allotted Time: approx 60 mins

🧐 Questions:

  • 5 Accounting MCQs
  • 5 Numerical Reasoning MCQs
  • 5 Verbal Reasoning MCQs
  • 5 Excel MCQs
  • 5 English MCQs
  • 5 Finance MCQs

⚙️ Customized Based On:

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

🧪 Test Options:

  • Preset test: 0 setup time
  • Customized test: < 48 hour setup time

📝 Topics:

description
topic

Use it to verify the accuracy of the balance sheet by comparing the numbers present in General Ledger to the other forms of documentation

Balance Sheet Reconciliations

An index of all possible financial accounts in a company's General Ledger

Chart of Accounts (COA)

Donation of property or money to a non-profit to be used for specific purposes

Endowment

Management, maintenance, and monitoring of motorized and non-motorized assets

Equipment management

Is the cut-off of financial activities of an organization to generate financial reports for stakeholders

Fiscal closing

If people or entities cannot repay debts to creditors, they can seek relief for some or all of their debt through this legal process

Bankruptcy
Journals

Closing of a small business's General Ledger to transfer temporary-account balances to retained earnings to reduce the balances to zero

Ledger closing
Location code
Organization code
See full list

Sample Adaface Financial Analyst 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
Airline Operators - Four airline operators A, B, C
EnglishEasy2 min
Comprehensive income - ProCoder Inc. reported the fol
AccountingMedium2 min
China manufacturing - The cost of manufacturing phon
Verbal ReasoningEasy2 min
Commerical Premises - A large real estate company co
Verbal ReasoningMedium2 min
Increasing monthly gross profit - The CEO of Snipr. Inc wants to
Numerical ReasoningEasy2 min
Inventory exchange transaction - Penny Inc. and Vamos Inc. exch
AccountingMedium2 min
MATCH INDEX LOOKUP - Some friends live in adjacent
ExcelMedium2 min
Net cash receipt on issued bonds - Gajni Inc. issued 2000 $100 9%
FinanceMedium3 min
Reading Comprehension - <p><a href="https://res.cloudi
EnglishEasy2 min
Hedge risk using derivates - Phenomenal Pte. Ltd., a Singap
FinanceEasy2 min
Sentence Correction - Being unaware of the legal con
Grammar
EnglishMedium2 min
VLOOKUP blood donor - We are looking to find the con
ExcelMedium2 min

How to use the Adaface Financial Analyst test

Start screening candidates within minutes with the Adaface Financial Analyst ready-to-go 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

OR Customize the Adaface Financial Analyst Test 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

Adaface Financial Analyst 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
Love Bonito
ZiMetrics
MTM

About the Adaface Financial Analyst Test

Topics:

description
topic

Use it to verify the accuracy of the balance sheet by comparing the numbers present in General Ledger to the other forms of documentation

Balance Sheet Reconciliations

An index of all possible financial accounts in a company's General Ledger

Chart of Accounts (COA)

Donation of property or money to a non-profit to be used for specific purposes

Endowment

Management, maintenance, and monitoring of motorized and non-motorized assets

Equipment management

Is the cut-off of financial activities of an organization to generate financial reports for stakeholders

Fiscal closing

If people or entities cannot repay debts to creditors, they can seek relief for some or all of their debt through this legal process

Bankruptcy
Journals

Closing of a small business's General Ledger to transfer temporary-account balances to retained earnings to reduce the balances to zero

Ledger closing
Location code
Organization code

Petty Cash is a small amount of money utilized to pay small expenses

Petty cash

It is a number that is used in IFIS to identify the function associated with a balance or transaction

Program code

Are activities that function as a non-profit business

Self Supporting Activities
Sales and use tax
Income Tax Statement
Tax-Exempt Status

Cash investment pool geared towards maximizing returns on short-term cash balances

Short Term Investment Pool (STIP)

Set of procedures, standards, and principles

Accounting Standards
Assets
Auditing

Is the process of matching the balances in an organization's/individuals accounting records for a cash account to the corresponding information on their bank statement.

Bank Reconciliations
Index
Billing
Bond Essentials

Bookkeeping is a practice of maintaining and recording all financial transactions in a business

Bookkeeping

Process of planning the expenses for a given duration of time

Budgeting

Is the act of ensuring a business maximizes its potential production and activities output

Capacity Management

Refers to the process of managing and collecting cash flow

Cash Management

Refers to an accounting procedure that occurs at the end of each month or a fixed time by the company

Closing the Books

Refers to the amount owed to the business by its customers

Collections
Constraint Management
Controls
Corporations
Cost Accounting
Credit

Refers to a company's book value

Equity

It's a broader measure of the worth of an asset

Fair Value

Use it to evaluate budgets, projects, businesses, and finance-related transactions

Financial Analysis
Financial Ratios

The official or formal records of the financial activities of an entity

Financial Statements
Financing

Assets purchased for long-term use and are not cashed in immediately

Fixed Assets
Fraud

Set of unique standards, accounting systems, and processes supporting the federal government

Governmental Accounting
Insurance

The body of accounting that deals with valuing accounting for changes in the inventoried assets

Inventory Accounting

Its the process of storing, using, ordering, and selling a company's inventory

Inventory Management
Investments
Investor Relations
Leases
Liabilities

When two separate entities combine forces to become a joint new organization

Mergers & Acquisitions

The way with which non-profit organizations record, plan, and report their finances

Nonprofit Accounting
Organizations
Partnerships

Something that is created any time money is owed by a firm for products or services rendered

Payables

A business process of payment for paying employees

Payroll

The annual pension expense disclosure and calculation of a pension plan's liabilities and assets in a company's financial statement

Pension Accounting
Present | Future Value
Receivables

Known as the act of keeping track of all the activities of a company, individual, or an organization

Record Keeping

Is a generally accepted accounting principle (GAAP) that identifies the specific conditions in which revenue is recognized and it determines how to account for it

Revenue Recognition
Risk Management
Sales and Marketing

An individual who owns the business by themselves

Sole Proprietorships
Systems
Taxation
Trusts and Estates
Variances

Use it to classify balances and financial activities within the General Ledger

Account codes
description
topic
Ratios

Number series questions in numerical reasoning assessments consist of a group of numbers that share a logical rule based on elementary arithmetic.

Number Series
Tables & Graphs
Currency & Units Conversion
Percentages
Compound interest

Graph interpretation questions involve both numerical/mathematical skills as well as reasoning skills.

Data Visualization
Profit & Loss

The concept of Time and Work is similar to that across all Arithmetic topics, i.e. the concept of Proportionality.

Work & Time
description
topic
Analogy
Classification
Coding-decoding
Blood Relation
Venn diagram
Calendar
Clocks
Direction and distance
Decision making
Input-output
Critical reasoning
Synonyms
Sentence Correction
Most effective summary
Cause and Effect
Antonyms
Sentence Equivalence
Spelling and grammar
Assertion & Reason
Newspaper excerpts
Logical Order of words
Verification of truth
Parajumbles
Reading Comprehension
Selection of words
Analogy
description
topic

INDEX and MATCH is the most popular tool in Excel for performing more advanced lookups.

INDEX MATCH
SUM

Returns the average (arithmetic mean) of the arguments.

AVERAGE
Percentage
Formatting
Charts
Formulas

The VLOOKUP function always looks up a value in the leftmost column of a table and returns the corresponding value from a column to the right.

VLOOKUP
Wrap Text
Macro
Index
Cell reference

Pivot tables are statistical tables containing tables with detailed data.

Pivot table
Sorting

The Excel REPLACE function replaces characters specified by location in a given text string with another text string.

REPLACE
COUNT
Data manipulation

A conditional format changes the appearance of cells on the basis of conditions that you specify.

Conditional formatting
IF
Data summarization
Ranges
VBA
AND
Drop-down lists

Excel formulas are carried out under the BODMAS law.

BODMAS
Pivot Charts
Lookup & Reference
Date

What-If Analysis is the process of changing the values in cells to see how those changes will affect the outcome of formulas on the worksheet.

What If
Function
Cell reference

Distribution Of Test Scores

The actual score distributon 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

😞
HIRE IN
Weeks/Months

NEW WAY

ADAFACE ASSESSMENTS

Questions for on-the-job skills

Conversational

Customized
assessments

😀️
HIRE IN
Days

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:

  • 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 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. 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/ 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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