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?

3 min
Marginal Cost
Profit Maximization

Ariana is producing organic blueberry jam from her small garden. Producing the first jar is expensive ($8.00) because she needs time to get set up. With every additional jar of jam, the cost decreases, all the way to $2.00 for the 7th-11th jars. But if she wants to produce more than 11 jars, Ariana needs to invest more money into organic fertilizer, which in turn increases the cost of jars after the 11th. She has never succeeded in producing more than 25 jars in total. Ariana tracked the estimated cost of every jar she has produced:

Cost of producing Nth jar

A merchant offers to pay $5.10 per jar for as many jars as Ariana can produce.

For this price, how many jars should she produce in order to maximize her profit?

3 min
Financial Analysis
Activity Ratios
Current Asset Turnover Ratio

Study the balance sheet information for Carlton Corporation in 2015 in the image below.

(Open full-size image in a new tab.)

The sheet in the linked image

What is the value of the Current Asset Turnover Ratio for Carlton Corporation in 2015?

(Round your answer to two decimal places.)

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?

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33 more premium CFO questions

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

Skills and topics tested

  • Basic Financial Statements
  • Accounting and Finance
  • Balance Sheet
  • 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
  • Markups
  • Percentages
  • Pricing
  • Depreciation
  • Fixed Assets
  • Liabilities
  • Asset Liquidity
  • Income Statement
  • Interest Expenses
  • Financial Analysis
  • Debt Ratio
  • Leverage Ratios
  • Accounts Receivable
  • Activity Ratios
  • Receivables Turnover Ratio
  • Profit Margins
  • Profitability Ratios
  • Investment Ratios
  • Payout Ratio
  • Retained Earnings
  • Salaries
  • Liquidity Ratios
  • Debt-to-Equity Ratio
  • Cash Ratio
  • Income Tax
  • Payroll
  • Progressive Rates

For job roles

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

Sample candidate report

What others say

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