Use our Financial Due Diligence test to hire the best

Summary of the Financial Due Diligence test

This financial due diligence test evaluates a candidate’s ability to determine the value of target company businesses, assess financial health and associated risks, and verify key financial information.

Covered skills

Business valuation
Financial health, hygiene, and risk analysis
Verification of individual account heads

Use the Financial Due Diligence test to hire

The test is relevant for financial advisors, financial consultants, finance managers, financial analysts, chief financial officers, and sole proprietors and entrepreneurs intending to evaluate the financial health and business value of a targeted entity.

Type

Role specific skills

Time

10 min

Languages

Level

Intermediate

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About the Financial Due Diligence test

Financial due diligence is crucial for organizations planning to undergo mergers and acquisitions, helping companies make informed decisions and avoid potential financial pitfalls. Hiring candidates with strong financial due diligence skills will ensure that your organization is equipped to handle these complex transactions with confidence.

This financial due diligence test evaluates a candidate's ability to determine earnings, assets, liabilities, cash flows, and the overall value of a business after taking into consideration factors including internal controls, associated risks, sensitivity, and future projections. It covers three key skill areas: business valuation; financial health, hygiene, and risk analysis; and verification of individual account heads. Candidates will be tested on their ability to determine the value of a business, identify potential financial risks, and verify the accuracy of financial statements.

Candidates who do well on this test will be able to provide valuable insights into the financial health of businesses and help you make informed decisions regarding mergers and acquisitions. Ultimately, hiring candidates with strong financial due diligence skills will help you navigate complex financial transactions with the expertise you can rely on.

The test is made by a subject-matter expert

Abdul G.

Abdul is a chartered accountant with over 15 years of experience managing other accountants and staff in many businesses, large and small. Abdul also has an MBA with significant consulting experience across business sectors, including oil and gas, pharmaceuticals, food, and education. He has worked as a university lecturer in accounting, finance, and tax-related subjects for more than five years and currently works on complex risk management policies as a senior risk management officer.

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 Financial Due Diligence test?

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Can I combine the Financial Due Diligence test with other tests?

Yes. You can add up to five tests to each assessment.

Where in my recruitment process should I use the Financial Due Diligence 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.
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