Financial Accountant Skills Assessment

Financial Accountant Skills Assessment

Assessment Details
Author
Questions
9
Skills
3
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.

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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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