This Financial Analyst and MS Excel Test Separates Good From Bad Hires
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About the test
The Financial Analyst and MS Excel test evaluates a candidate’s ability to use financial statements and reports to assess the viability, stability, and profitability of a business or project, as well as candidates’ ability to use Excel spreadsheets to analyze financial data.
It’s an ideal assessment for pre-employment screening of candidates applying for a variety of financial analysis roles, including financial analyst, financial manager, investment analyst, and equity analyst. A good candidate for a financial analyst job will be able to display competency with understanding the formation and implications of financial statements, calculating and interpreting relevant financial indicator ratios, and using MS Excel spreadsheets to analyze data. This Financial Analyst test can be used to screen a large group of candidates in order to select the best to bring in for an interview.
This test requires candidates to perform assignments within spreadsheet software as well as answer multiple-choice and calculation questions related to the core principles of financial analysis. Candidates can use either their personal copy of Microsoft Excel or the free web version of MS Excel to complete the test.
Sample public questions
Your company sells products to customers in two cities, New York and San Francisco. You have been asked to calculate each product’s retail prices inclusive of sales taxes in these cities.
Specifically, you need to:
- Write formulas to calculate the retail prices, inclusive of sales tax, using the net prices of each product.
- Make sure you reference cells A5 and B5 in your formulas.
Note: Do not use array formulas in your work.
Your task is to download the file ‘TaxInclusive-RawData.xlsx’ file and execute the request. When you have completed your work, save it in .xlsx format, then upload that file for evaluation.
Your company’s accounting department has asked you to give them a list of orders filtered by two periods of time:
- On 'Sheet1', they need orders spanning a two-month period (from the 1st of July, 2018, to the 31st of August, 2018).
- On 'Sheet2', they need all orders for the period before the 1st of July, 2018, and all orders for the period after the 31st of August, 2018.
Your task is to download the file 'TimeFilters-RawData.xlsx’ file and execute this request. When you have completed your work, save it in .xlsx format, then upload that file for evaluation.
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.
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?
Study the balance sheet information for Carlton Corporation in 2015 in the image below.
What is the value of the Current Asset Turnover Ratio for Carlton Corporation in 2015?
(Round your answer to two decimal places.)
You have been asked to create a column chart and need to make it look the same as the chart provided in the image below.
Your task is to download the ‘SalesComparison-RawData.xlsx’ file and use your spreadsheet knowledge to create the chart shown here. You should attempt to recreate this chart using any columns colors you want, but be sure to:
- Create a clustered column chart.
- Set up the horizontal axis categories and remove horizontal gridlines to match the image.
- Adjust the vertical axis scale and remove vertical gridlines to match the image.
- Add a chart title, vertical axis title, and legend that match those displayed in the image above.
- Ensure your data series are in the correct order.
When you have completed the chart, save it in .xlsx format, then upload that file for evaluation.
Your company just introduced a new pricing policy. In order to further motivate customers to buy your products, your company will give discounts on each order based on the total price of the order.
Your boss needs you to use the data in the Discounts worksheet to build a formula that calculates the applicable discount percentage according to each order’s total amount. You’ll add that formula to column D and then write a formula for column E that calculates the final order amount including the discount.
Note: Do not use any array formulas in your work.
Your task is to download the file ‘OrderDiscounts-RawData.xlsx’ file and execute all parts of this request. When you have completed your work, save it in .xlsx format, then upload that file for evaluation.
Your company sells tea and coffee to a variety of customers through its sales representatives. The sales manager is preparing for the annual performance reviews in which he reviews the achievements of all the sales representatives as a basis for discussing bonus compensation and raises.
He asks you to prepare some pivot tables to help him prepare for these reviews:
For Pivot Table 1, you’ll show Total Sales by Employee and Category.
For Pivot Table 2, you’ll show Total Sales by Years, Quarters, and Months per each Employee.
Ensure that both pivot tables match the layout shown below.
Your task is to download the ‘PerformanceReviews-RawData.xlsx’ file and execute all parts of this request. When you have completed your work, save it in .xlsx format, then upload that file for evaluation.
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29 more premium Financial Analyst and MS Excel questions
Balance Sheet, Production Line Value, Woodworking Machine, New Corporate Building, Company Cars, Equity and Assets, Total Assets, Profit and Income, Net Income, Equity, Receivables Collection, Net Profit Decrease, Criterion Inc., Zero Debts, Currency Conversion, Order Display, Aussie Freight, Product Lookup, Large Orders, Hot Beverage Filters, Expense Management, Region Code, Brightsense Inc., Webster and Sons, Balance Sheet Reports, AP Williams, Strawberry Inc., Overdue Invoices, Five Year Sales.
Skills and topics tested
- Basic Financial Statements
- Accounting and Finance
- Balance Sheet
- Fixed Assets
- Income Statement
- Asset Liquidity
- Interest Expenses
- Financial Analysis
- Accounts Receivable
- Activity Ratios
- Receivables Turnover Ratio
- Profit Margins
- Profitability Ratios
- Investment Ratios
- Payout Ratio
- Retained Earnings
- Debt Ratio
- Leverage Ratios
- MS Excel
- Formulas and Functions
- Data Filtering
- Data Management
- Data Sorting
- Data Lookup
- Cash Ratio
- Liquidity Ratios
- Debt-to-Equity Ratio
- Pivot Tables
For job roles
- Equity Analyst
- Financial Analyst
- Financial Manager
- Investment Analyst
Sample candidate report
What others say
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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