TestGorilla LogoTestGorilla Logo

Budgeting test: Pre-employment screening assessment to hire the best candidates

Type: Role specific skills
Time: 13 min
Languages: English
Level: Intermediate

Summary of the Budgeting test

This budgeting test evaluates the candidate’s ability to budget. This screening test will help you hire employees who can understand and apply financial policies and controls and create and analyze budgets.

Covered skills

  • Reading and interpreting data

  • Estimating financial resources and needs

  • Monitoring and controlling the budget

  • Applying financial policies and controls

Use the Budgeting test to hire

Managers, assistant managers, production managers, warehouse managers, bookkeepers

graphic image for role specific skills tests

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.

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.

What our customers are saying

TestGorilla helps me to assess engineers rapidly. Creating assessments for different positions is easy due to pre-existing templates. You can create an assessment in less than 2 minutes. The interface is intuitive and it’s easy to visualize results per assessment.

Review from G2
David Felipe C.

VP of engineering, mid-market (51-1000 FTE)

Any tool can have functions—bells and whistles. Not every tool comes armed with staff passionate about making the user experience positive.

The TestGorilla team only offers useful insights to user challenges, they engage in conversation.

For instance, I recently asked a question about a Python test I intended to implement. Instead of receiving “oh, that test would work perfectly for your solution,” or, “at this time we’re thinking about implementing a solution that may or may not…” I received a direct and straightforward answer with additional thoughts to help shape the solution.

I hope that TestGorilla realizes the value proposition in their work is not only the platform but the type of support that’s provided.

For a bit of context—I am a diversity recruiter trying to create a platform that removes bias from the hiring process and encourages the discovery of new and unseen talent.

Review from G2
High quality assessments
David B.

Chief Talent Connector, small business (50 or fewer FTE)

Use TestGorilla to hire the best faster, easier and bias-free

Our screening tests identify the best candidates and make your hiring decisions faster, easier, and bias-free.

Learn how each candidate performs on the job using our library of 400+ scientifically validated tests.

Test candidates for job-specific skills like coding or digital marketing, as well as general skills like critical thinking. Our unique personality and culture tests allow you to get to know your applicants as real people – not just pieces of paper.

Watch what TestGorilla can do for you

Create high-quality assessments, fast

Building assessments is a breeze with TestGorilla. Get started with these simple steps.

Building assessments is quick and easy with TestGorilla. Just pick a name, select the tests you need, then add your own custom questions.

You can customize your assessments further by adding your company logo, color theme, and more. Build the assessment that works for you.

View a sample report

The Budgeting test will be included in a PDF report along with the other tests from your assessment. You can easily download and share this report with colleagues and candidates.

What is a Budget analyst assessment test? How will it help you?

The Budget analyst assessment test or the Budgeting test is a pre-employment skills assessment that helps you evaluate your candidates’ budgeting skills to see who can understand and apply financial policies in an effective way. Budgeting, in general, is a part of financial management, and any manager who wants to be successful needs to understand and apply budgeting in their management.

But finding a good candidate who has great financial management skills is trickier than ever. The competition to get the best talent from the market is fierce and companies will have to go above and beyond to hire great talent. But there are more obstacles on the way besides competition; there are also outdated internal hiring processes that prolong recruitment and create obstacles to hiring great people. Some of the problems are:

Limited candidate pool: Even though your hiring managers are receiving many applications, the quality of those applications isn’t very good. There are a lot of applicants that are using the “shotgun” method, where they send their CVs and resumes to as many companies as possible. They do so because they hope one of the applications sticks and they get an interview. The problem is on the other side; hiring managers are getting swamped with CVs that aren’t qualified for the position they have open. So they have to sit down for hours upon hours and sift through resumes until they find a couple of suitable candidates. And even when they do and they present you with a shortlist, you’re not sure if they’re really the best candidates or a product of the hiring manager’s bias.

Inherent bias: Even if the manager knows about unconscious biases, they will still fall victim to them during the hiring process.

CV dependence: All of this happens because hiring processes rely on resumes to see if the candidates have the necessary skills. With CV screening, the hiring managers are only assessing the candidates’ CV writing skills, not their practical budgeting skills.

The solution to these problems is pre-employment tests.

What will you be evaluating with the Budgeting test?

A pre-employment test, such as the Budgeting test, can really improve your entire hiring process. With a pre-employment test, you’re no longer relying on CVs to assess the skills of your candidates. Instead, you’re evaluating the real skills that they will use on the job.

The Budgeting test itself lasts for 10 minutes and it’s geared toward candidates that have an intermediate level of skills. The test will assess candidates in four distinct areas when it comes to budgeting:

• Reading and interpreting data• Estimating financial resources and needs• Monitoring and controlling the budget• Applying financial policies and controls

With the Budgeting test, you’re looking to shortlist those candidates that score well on the test. That means that they have the necessary skills, experience, and mastery when it comes to financial management. Only those candidates who know how to read and interpret data, estimate financial resources, and control the budget will be the ones that will get good results from the test.

The Budgeting test is essential if you’re trying to hire people for any of the following roles: managers, assistant managers, production managers, warehouse managers, and bookkeepers. All of these roles require financial management skills.

With a pre-employment test like the Budgeting test, you will receive the necessary data to make informed hiring decisions. The test results will help you hire only those candidates who actually have the necessary skills to do the job successfully. And that’s not the only problem pre-employment tests solve in the hiring process.

Use this Budgeting test for skills-based hiring

When you use the Budgeting pre-employment test, you will solve many problems in your hiring process:

Hundreds of applications: A hiring manager receives around 200 applications per open job role. And it’s really time-consuming for the hiring manager to go over all the (unqualified) CVs and shortlist candidates that meet the requirements. With pre-employment tests, you don’t have these problems. The hiring manager simply sends the pre-employment tests with a single click to all of the candidates that apply for the role. They don’t do CV screening; instead, they send the test to all the candidates and then wait for the results.

No more bias: When the hiring manager sends all the tests, they wait for the test results and use those results to make hiring decisions. The results come in as numerical so the hiring manager can compare candidates to see who did better. So using a pre-employment test such as the Budgeting test will help you eliminate unconscious bias from the hiring process altogether.

Reliance on resumes: Usually, hiring managers rely on CV screening to see if the candidates have the necessary skills to do the job. But with a pre-employment test in your hiring process, you won’t have to rely on CVs at all. A pre-employment test replaces resume screening and it does a better job at that; with a pre-employment test, you’re assessing the skills that the candidate will actually use on the job instead of looking at their CV writing skills.

The first step in implementing pre-employment tests in your hiring process would be to look at TestGorilla’s test library. We have over 170 scientific tests that have helped more than 6,000 companies improve their hiring process. So don’t leave anything to chance; use a pre-employment test in your hiring process and recruit the best talent.


Related tests

New test

Conversion Rate Optimization

This Conversion Rate Optimization test evaluates candidates’ knowledge of conversion rate optimization (CRO). This screening test will help hire CRO analysts who are well-versed in CRO research and tools.
10 min
New test

Performance Management

This Performance Management test evaluates a candidate’s ability to appraise performance, give feedback, and manage performance fairly. This screening test will help you hire professionals who can manage performance.
10 min
New test

Human-Computer Interaction Design

This Human-Computer Interaction Design test assesses candidates' skills in creating user-friendly interfaces. It aids in hiring experts who enhance user experience and innovation.
10 min

Instagram Marketing

This Instagram Marketing test evaluates candidates’ knowledge of Instagram and the tools it provides to grow a brand’s Instagram profile organically. This screening test will help you hire social media managers who can build up your brand on Instagram.
10 min

Risk Management

This Risk Management test evaluates a candidate’s ability to identify, assess, and mitigate business risks. This screening test will help you hire experts who can enhance decision-making and ensure continuous improvement and organizational resilience.
10 min

Network Engineering

This Network Engineering test assesses candidates' proficiency in effective network management. This screening test will help you hire network engineers who can improve your business’ security, reliability, performance, and efficiency.
10 min

Store First-Line Management

This Store First-Line Management test evaluates a candidate’s ability to lead and optimize retail operations. This screening test will help you hire experts who ensure efficient teams, outstanding customer service, and strategic business growth.
10 min

AI Product Manager

This test evaluates a candidate’s ability to/knowledge of AI product management. This screening test will help you hire AI product managers who can confidently lead the building, launching, and scaling of AI products.
10 min

Computer Networking Fundamentals

The Computer Networking Fundamentals test covers intermediate-level knowledge of networking and protocols. The test assesses working knowledge of various networks, transmission media and routers, and troubleshooting minor networking issues.
10 min

LinkedIn Advertising

This LinkedIn Advertising test evaluates candidates’ ability to create, manage, and optimize successful LinkedIn ad campaigns. This screening test will help you hire digital marketing professionals who can generate leads and conversions for your business.
10 min