CFO Test

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About the test

The CFO test assesses the ability to assume primary responsibility for managing an organization’s finances through a series of numerical calculation and multiple-choice questions using real-world scenarios and excerpts of financial reports.

The assessment includes solving work-sample tasks, such as:

  • Creating budgets and financial statements based on actual and expected figures.
  • Evaluating the viability, stability, and profitability of a business or project.
  • Analyze how government policies will affect the market economy in which a business operates.

A good chief financial officer, treasurer, or financial director all need a solid understanding of business math, financial statements and reports, financial analysis, and economics to responsibly oversee the accounting and finance activities of an entire organization.

Sample public questions

2 min
Basic Financial Statements
Accounting and Finance
Interest Expenses

Where can information about the total interest accrued during the reporting period of one year be found?

2 min
Business Math
Savings and Investments
Simple Interest

You have $50,000 for a down payment on the purchase of a new office building, but your accountant recommends you put this money into a term deposit until you are ready to purchase next year. Your bank is offering 12-month fixed term deposits with an annual interest rate of 3.0%, paid at maturity.

How much will you have for your down payment if you cash in your term deposit at maturity?

2 min
Economic Equilibrium
Supply and Demand

A wholesale tuna market is obtaining tuna from both domestic and foreign suppliers. Pricing is set based on supply and local demand.

Which events would trigger an increase in the amount, measured in tons, of tuna being traded at the market?

2 min
Financial Analysis
Current Liquidity Ratio
Liquidity Ratios
Quick Ratio

Read the statement below and fill in the blanks with the correct answers.

Liquidity ratios indicate an enterprise's ability to pay _________________________ while solvency ratios indicate an enterprise's ability to pay _________________________. If we see that the Quick Ratio is ____________________ over time and the Current Liquidity Ratio is ____________________ over time, we can conclude that the company’s ability to pay short-term debt is probably improving.
2 min
Basic Financial Statements
Accounting and Finance
Balance Sheet
Fixed Assets

DEF Limited, a company that specializes in high-end audio components, is planning to expand into a new market by investing in a new production line. That investment consists of $100,000 received from a five-year loan and $50,000 of DEF’s own cash. DEF’s management has decided to use the straight-line depreciation method over a 10-year period, and the salvage (residual) value of the production line is zero.

What is the increase to DEF’s fixed assets when the production line is put into operation?

(Round your answer to whole dollars.)

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33 more premium CFO questions

Balance Sheet, Equity and Assets, Profit and Income, Structural Unemployment, CRM Software, Contractionary Policy, Rising Taxes, Island Property, Quarterly Results, Faded Receipt, Concertgoers, Quarterly Sales, Conservative Approach, Trendy Sofa, Savings Account, Hiring Florian, Whizbang Blender, New Corporate Building, Woodworking Machine, Equity, Balance Sheet Reports, Production Line Value, Net Income, Total Assets, Company Cars, Zero Debts, AP Williams, Strawberry Inc., Receivables Collection, Net Profit Decrease, Webster and Sons, Criterion Inc., Brightsense Inc..

Skills and topics tested

  • Basic Financial Statements
  • Accounting and Finance
  • Balance Sheet
  • Liabilities
  • Depreciation
  • Income Statement
  • Salaries
  • Economics
  • Macroeconomics
  • Unemployment
  • Arithmetic
  • Economies of Scale
  • Marginal Cost
  • Microeconomics
  • Interest Rate
  • Monetary Policy
  • Price Elasticity
  • Supply and Demand
  • Competition
  • Business Math
  • Arithmetic
  • Budgeting
  • Variance
  • Linear Equations
  • Purchasing and Inventory
  • Algebra
  • Revenue and Costs
  • Variable Costs
  • Projections
  • Ratios
  • Compound Interest
  • Loans and Credit
  • Savings and Investments
  • Simple Interest
  • Income Tax
  • Payroll
  • Progressive Rates
  • Markups
  • Percentages
  • Pricing
  • Fixed Assets
  • Asset Liquidity
  • Interest Expenses
  • Financial Analysis
  • Debt Ratio
  • Leverage Ratios
  • Profit Margins
  • Profitability Ratios
  • Activity Ratios
  • Liquidity Ratios
  • Accounts Receivable
  • Receivables Turnover Ratio
  • Debt-to-Equity Ratio
  • Investment Ratios
  • Payout Ratio
  • Retained Earnings
  • Cash Ratio

For job roles

  • Chief Financial Officer
  • Finance Director
  • Financial Controller
  • Treasurer
  • VP Finance

Sample candidate report

What others say

Decorative quote

Simple, straight-forward technical testing

TestDome is simple, provides a reasonable (though not extensive) battery of tests to choose from, and doesn't take the candidate an inordinate amount of time. It also simulates working pressure with the time limits.

Jan Opperman, Grindrod Bank

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