Budgeting

Use our Budgeting test to hire the best

About the Budgeting test

Budgeting is a key part of financial management – planning the use of resources, such as people, cash flow, capital spend, and target setting to ensure the financial goals of a business are met. Developing and applying financial controls and procedures is essential to ensuring the budget is adhered to.

This test evaluates the candidate's ability to read and interpret data, such as financial data, estimate the financial resources and needs of a project or organization, monitor and control a budget, and apply financial policies and controls for your organization.

This screening test helps you to identify management that can review profitability and sales data, analyze time sheets and work charts, and analyze income against expenses. This test helps you identify employees who can properly estimate the amount of financial resources needed for a project, work with quotes from other businesses, and estimate expenses. This budgeting test will help you identify candidates who can apply variance analysis, determine budgetary discrepancies, and manage cash flow, and who can apply and enforce your company’s cash management and payment tracking policies.

Candidates who perform well on this test have a strong understanding of the budgeting process and solid experience in financial analysis and cash flow management. They will also have a good understanding of financial controls and processes to ensure there is adequate control of cash.

Budgeting test

The test is made by a subject-matter expert

Miruru W.

Miruru is a Certified Public Accountant with over 25 years in financial management and control activities that include budgetary preparation and control, resource planning, financial reporting, and financial modeling. He has consulted for hospitality, agro-processing, petroleum and liquefied petroleum gas (LPG), manufacturing, and a variety of other sectors

Crafted with expert knowledge

TestGorilla’s tests are created by subject matter experts. We assess potential subject-matter experts based on their knowledge, ability, and reputation. Before being published, each test is peer-reviewed by another expert, then calibrated using hundreds of test takers with relevant experience in the subject. Our feedback mechanisms and unique algorithms allow our subject-matter experts to constantly improve their tests.

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FAQs

What is the difference between an assessment and a test?
An assessment is the total package of tests and custom questions that you put together to evaluate your candidates. Each individual test within an assessment is designed to test something specific, such as a job skill or language. An assessment can consist of up to 5 tests and 20 custom questions. You can have candidates respond to your custom questions in several ways, such as with a personalized video.
Can I add my own questions to an assessment?
Yes! Custom questions are great for testing candidates in your own unique way. We support the following question types: video, multiple-choice, coding, file upload, and essay. Besides adding your own custom questions, you can also create your own tests.
How do video questions work?
A video question is a specific type of custom question you can add to your assessment. Video questions let you create a question and have your candidates use their webcam to record a video response. This is an excellent way to see how a candidate would conduct themselves in a live interview, and is especially useful for sales and hospitality roles. Some good examples of things to ask for video questions would be "Why do you want to work for our company?" or "Try to sell me an item you have on your desk right now." You can learn more about video questions here.
Can you explain how the other custom question types work?
Besides video questions, you can also add the following types of custom questions: multiple-choice, coding, file upload, and essay. Multiple-choice lets your candidates choose from a list of answers that you provide, coding lets you create a coding problem for them to solve, file upload allows your candidates to upload a file that you request (such as a resume or portfolio), and essay allows an open-ended text response to your question. You can learn more about different custom question types here.
Can I customize an assessment with my company logo and color theme?
Yes! You can add your own logo and company color theme to your assessments. This is a great way to leave a positive and lasting brand impression on your candidates.
What type of support do you offer?
Our team is always here to help. After you sign up, we’ll reach out to guide you through the first steps of setting up your TestGorilla account. If you have any further questions, you can contact our support team via email, chat or call. We also offer detailed guides in our extensive Help & Inspiration Center.
What is the cost for using the Budgeting test?
You can find our pricing packages here. Sign up here to try TestGorilla today.
Can I combine the Budgeting test with other tests?
Yes. You can add up to five tests to each assessment.
Where in my recruitment process should I use the Budgeting test?
We recommend using our assessment software as a pre-screening tool at the beginning of your recruitment process. You can add a link to the assessment in your job post or directly invite candidates by email. TestGorilla replaces traditional CV screening with a much more reliable and efficient process, designed to find the most skilled candidates earlier and faster.

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