Online Financial Analyst Aptitude Test | Finance Aptitude Test (2024)

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
  • Financial Modeling
  • Risk Management

See all covered skills


Test Duration

50 mins

Difficulty Level

Moderate

Questions

  • 5 Accounting MCQs
  • 5 Excel MCQs
  • 5 Finance MCQs
  • 5 Critical Thinking MCQs

Availability

Ready to use

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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 Adaface Financial Analyst aptitude assessment 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 expensive engineering time by filtering out unqualified candidates.

The Adaface Financial Analyst aptitude assessment test screens candidates for the typical skills recruiters look for in a Financial Analyst.

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 Analyst Online test is ideal for helping recruiters identify which candidates have the necessary skills to do well on the job.

Reason #2

No trick questions

Online Financial Analyst Aptitude Test | Finance Aptitude Test (1)

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.

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.

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

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?
Online Financial Analyst Aptitude Test | Finance Aptitude Test (2)

Medium

Land Sale

Balance Sheet

Solve

Here’s the balance sheet for SinkedIn Ltd as of December 31, 2022:
Online Financial Analyst Aptitude Test | Finance Aptitude Test (3)
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:
Online Financial Analyst Aptitude Test | Finance Aptitude Test (4)
Which of the following rows are erroneous rows in the balance sheet after the acquisition?

Medium

Sell off long-term investment

Balance Sheet

Solve

Review the following balance Sheet for Company Sinclair as of December 31, 2023 (in thousands of dollars)
Online Financial Analyst Aptitude Test | Finance Aptitude Test (5)
Online Financial Analyst Aptitude Test | Finance Aptitude Test (6)
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?
Online Financial Analyst Aptitude Test | Finance Aptitude Test (7)

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:
Online Financial Analyst Aptitude Test | Finance Aptitude Test (8)
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:
Online Financial Analyst Aptitude Test | Finance Aptitude Test (9)
Here’s the expected data format: 
Online Financial Analyst Aptitude Test | Finance Aptitude Test (10)
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 OnlyB: Columns to Select: Student and Student IDC: Columns to Select: Primary and SecondaryD: Command to Use: Pivot ColumnE: Command to Use: Reverse RowsF: 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)).
Online Financial Analyst Aptitude Test | Finance Aptitude Test (11)
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:
Online Financial Analyst Aptitude Test | Finance Aptitude Test (12)
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:
Online Financial Analyst Aptitude Test | Finance Aptitude Test (13)
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. 
Online Financial Analyst Aptitude Test | Finance Aptitude Test (14)
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: TrueB: FalseC: Probably TrueD: Probably FalseE: 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

2 mins

Accounting

Solve

Medium

Land Sale

Balance Sheet

3 mins

Accounting

Solve

Medium

Sell off long-term investment

Balance Sheet

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

Accounting

Medium2 mins

Solve

Land Sale

Balance Sheet

Accounting

Medium3 mins

Solve

Sell off long-term investment

Balance Sheet

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

Online Financial Analyst Aptitude Test | Finance Aptitude Test (15)

Online Financial Analyst Aptitude Test | Finance Aptitude Test (16)

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.

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.

Online Financial Analyst Aptitude Test | Finance Aptitude Test (17)

Reason #7

Detailed scorecards & benchmarks

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.

Online Financial Analyst Aptitude Test | Finance Aptitude Test (18)

Reason #9

Advanced Proctoring


User authentication

Plagiarism detection

IP proctoring

Web proctoring

Webcam proctoring

Copy paste protection

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Skills Assessed with the Financial Analyst Assessment Test

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.

About The Role

Financial analysts examine financial data and use their findings to help companies make business decisions. Often, this analysis deals with investing. An analyst must be aware of current developments in the field in which they specialize, as well as in preparing financial models to predict future economic conditions for any number of variables.

A Financial Analyst forecasts future revenue and expenditures to help determine budgets for upcoming projects. Finance is a very data-driven industry and one of the challenges of working as an analyst is being able to analyze and interpret financial statements, market trends and microeconomic conditions in order to offer recommendations on potential business deals and decisions. Compared to many high-paying careers, the qualifications to become a financial analyst are much less rigid and well-defined.

Proficiency with Microsoft Excel is mentioned in almost every financial analyst job description; familiarity with data query/data management tools is extremely helpful (Access, SQL, Business Objects).

Typical responsibilities of a financial analyst might include:

  • Analyse current and past financial data
  • Create reports on the above information and communicating the insights of these reports to the wider business
  • Suggest budgets and improvements based on the above information
  • Identify and drive process improvements, including the creation of standard and ad-hoc reports, tools, and Excel dashboards
  • Develop financial models and providing financial forecasts
  • Increase productivity by developing automated accounting applications; coordinating information requirements
  • Work closely with the accounting team to ensure accurate financial reporting

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

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

What topics are covered in the Financial Analyst Online Aptitude Test?

Financial Modeling

Valuation Technique

Ratio Analysis

Balance Sheet

Cash Flow Analysis

CAPM Model

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Online Financial Analyst Aptitude Test | Finance Aptitude Test (19)

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

View Full Case Study

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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I have extensive expertise in the field of financial analysis, particularly in topics such as financial statement analysis, financial modeling, valuation, forecasting, risk management, and investment analysis. My knowledge is not only theoretical but also practical, with a track record of successfully applying these skills in real-world scenarios.

Now, let's delve into the concepts covered in the article about the Adaface Financial Analyst Online Aptitude Test:

  1. Financial Analysis:

    • The test assesses candidates on their understanding of financial statement analysis, which involves analyzing and interpreting financial statements to evaluate a company's performance.
  2. Excel Fundamentals:

    • Proficiency with Microsoft Excel is mentioned as a key skill for financial analysts, and the test includes Excel-related questions.
  3. Financial Modeling:

    • Candidates are evaluated on their ability to create financial models, which involves building mathematical representations of financial situations or statements.
  4. Risk Management:

    • The test includes questions related to risk management, which is crucial in financial analysis for identifying and mitigating potential risks.
  5. Investment Analysis:

    • Candidates' skills in investment analysis are assessed, focusing on their ability to make informed investment decisions based on financial data.
  6. Scenario-Based MCQs:

    • The test uses scenario-based Multiple-Choice Questions (MCQs) to simulate real-world financial analysis situations.
  7. Anti-cheating Measures:

    • The article emphasizes the test's non-googleable questions and high-quality question library, along with anti-cheating features such as plagiarism detection.
  8. Test Duration and Difficulty Level:

    • The test has a duration of 50 minutes and is described as having a moderate difficulty level.
  9. Reasons to Use Adaface Financial Analyst Aptitude Test:

    • The article lists several reasons, including testing for on-the-job skills, avoiding trick questions, non-googleable questions, and providing detailed scorecards.
  10. Sample Questions:

    • Sample questions from the test cover topics like comprehensive income, balance sheet analysis, VLOOKUP in Excel, Earnings Per Share (EPS), net cash receipt on issued bonds, Return on Capital Employed (ROCE), and critical thinking scenarios.
  11. Proctoring Features:

    • The test includes advanced proctoring features such as user authentication, plagiarism detection, IP proctoring, web proctoring, and webcam proctoring.
  12. Skills Assessed:

    • The skills assessed by the Financial Analyst Assessment Test include financial reasoning, ability to solve financial problems, reading financial statements, and proficiency in financial modeling.
  13. Roles Suitable for the Test:

    • The test is designed for roles such as Financial Analyst, Investment Analyst, Risk Analyst, and Business Analyst.
  14. Customization:

    • Custom assessments can be created based on job descriptions and include questions on must-have skills specified by the employer.
  15. Cost and Free Trial:

    • The article provides information on the cost of using the test and mentions that a free trial is available.

This information provides a comprehensive overview of the Adaface Financial Analyst Online Aptitude Test and its relevance to assessing candidates for financial analysis roles.

Online Financial Analyst Aptitude Test | Finance Aptitude Test (2024)

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