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Accounting and Finance

Financial Accountant Skills Assessment

Assessment Category

Accounting and Finance

Financial Accountant Skills Assessment

Assessment Details
Author
Vervoe
Questions
9
Multiple ChoiceSpreadsheetText
Skills
3
ExcelFinancial AccountingProblem Solving
Use Assessment Template
Assessment Summary
A Financial Accountant is responsible for running the accounting and financial activities of an organization. They analyze the economic stability of a company and provide financial information to other departments, enabling these departments to make budgeting and investment decisions. They will leverage their financial accounting, problem solving and Excel skills to to effectively run the accounting and financial activities of an organization.
Skills tested in this assessment
The skills tested in this assessment for a Financial accountant include financial accounting, problem solving and Excel. The answers should showcase their ability within financial accounting, using excel sheets to create reports to track data and make informed decisions and also display a high level of problem solving skills to manage typical situations.
What to test with this assessment
You can expect to learn whether the candidate can be relied upon to be a Financial Accountant for your company through showcasing their approach to problem solving, how they implement their own excel skills and their ability to manage an organization’s finances. You’ll also get a sense for their personality and charisma in the video questions and see how they can articulate their thoughts and the logic behind their answers.

About the Financial Accountant Skills Assessment

Want to hire the best Financial Accountant to help your business? Use our expert Financial Accountant skills test to hire the best person and never make another bad hire.

A Financial Accountant is responsible for the public reporting of a company or organization’s financial status. This work involves collecting and maintaining data, detecting trends and forecasting future needs. In addition, financial accountants prepare detailed statements and communicate financial information to company leaders and audiences that do not have an extensive accounting background.

The Financial Accountant test assesses whether job candidates can successfully handle any challenges that they are faced with whilst following company processes. 

Candidates who perform well on this Financial Accountant skills assessment will have all the technical skills to effectively manage a company’s finances, including having a high level of problem solving ability and will be proficient in using Excel.

A person with strong problem-solving skills is able to find solutions to any difficult situation or issue that may arise. They are valuable assets to a team as no problem ever seems too big to solve, and they can offer strategic and logical solutions to any obstacle.
A candidate who has strong Excel skills is able to complete tasks and calculate and present data in an efficient and effective manner. They are knowledgeable about various Excel formulas, and can utilize Excel functions such as creating spreadsheets, graphs, tables, and complex calculations with large data sets.
A candidate with financial accounting skills will be able to handle and work well with money. They will be able to manage budgets and work within financial constraints, as well as achieve financial goals and objectives. They will also be able to present their financial findings in an appropriate and understandable manner.
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Financial Accountant Online Test Sample Questions

Create a free account today to access the full Financial Accountant skills assessment test and more from our assessment library

Question Type

Question

Problem Solving

Question Type: Text

On 30 June 2021, an item of machinery had a written down value of $480,000. The machinery was purchased on 30 June 2020 at a cost of $600,000 at which time its estimated useful life was 5 years with no residual value. What is its written down value at 30 June 2023?
Question Type

Question

Financial Accounting

Question Type: Multiple Choice

Which account in the financial statements should be credited for $500 in August?
Question Type

Question

Excel

Question Type: Spreadsheet

In the attached excel, how would you decrease the balance of each account? Debit or Credit?

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Frequently asked questions

Yes, all assessments are fully customizable meaning you can edit a word or two or delete the question and add your own. You can also customize correct answer samples to your exact business specifications.

We offer assessments for any stage of your hiring process.

Top of Funnel: Screen candidates at the top of the funnel with interactive multiple choice questions that include multi media choices. You’ll be able to test knowledge quickly and keep candidates engaged. Assessments are quick to complete ~20min

Mid Funnel: Combine a variety of question types like multiple choice with media, video responses to see how they communicate and a couple of presentation or spreadsheet questions to dig deeper into their technical knowledge. Assessments take ~40min to complete.

Bottom Funnel: A great opportunity to focus on a single outcome and test extensively with a more elaborate question and some documentation around the process. Assessments take ~ 1.5 hrs to complete.

You can completely customize an assessment for your brand including logo, colors and intro videos. You are also able to customize all of the candidate messaging so that it’s unique to your brand and business.

No, Vervoe assessments test for a range of both job specific hard skills and soft skills like communication or attention to detail. This means you’re testing a complete set of skills so you can be confident the candidate you hire not only has the skills to do the job but that culturally and behaviourally they’re the right fit for your business too.

We offer a range of interactive question types including code challenges, presentations, spreadsheets, document uploads, video, audio, multiple choice with media options and more. Each question type is a sample version of the real life tool. For example a code challenge is a snapshot of a live developer environment where a candidate can complete a specific task.
We have an extensive online help center with video and written tutorials to help you get up and running. Our friendly customer success team is also only a question away and can be contacted via our help center.
Yes, all skills assessment are customizable and can be created to simulate a job or task. This provides the ability to test a candidate on real-life skills and abilities required for the role. A unique combination of different types of questions can simulate how a candidate will perform in different scenarios.

Combining a detailed job description with a skills assessment can help to identify the specific skills and knowledge required for a job, and can streamline the candidate selection process. By writing a clear and concise job description, hiring managers can attract the right candidates for each role.

Vervoe's comprehensive recruitment guides provide a competency framework that maps out the core job-related skills and soft skills required for success in the role. A recruitment guide helps understand the hiring process of building the ideal candidate profile, writing an accurate job description based on skills, selecting the ideal candidate, interviewing top performers, and making a job offer.

Vervoe is the most sophisticated skill testing recruitment software on the market. It uses advanced machine learning to create tailored skills assessments that are instantly auto-gradable, allowing companies to test candidates for any skill, and automatically grade their response at any scale.

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