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

Use our Financial management test to hire the best

This test evaluates candidates’ ability to manage finance in order to maximize business profits and minimize risk. The test will help you to identify candidates equipped with practical skills to effectively handle the financial side of your business.

Covered skills

Working capital management
Investment appraisal and decision-making
Capital structure and cost
Forecasting and analyzing financial outcomes

Use the Financial management test to hire

Financial controller, corporate accountant, comptroller, finance manager, treasurer, auditor, and anyone else responsible for managing and controlling the overall finances of a business.

Type

Role specific skills

Time

10 min

Languages

English

Level

Intermediate

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About the Financial management test

The survival of any business requires the availability of and access to financing. Every company wants to maximize its profits and minimize risk, but the availability of financing does not provide a guarantee for these outcomes. Effective and efficient management of finance requires skilled oversight to ensure that sufficient funds are available to meet current liabilities and for the continued smooth running of business operations. This financial management test will help you find the person who can manage your business’s finances to ensure the short-, medium-, and long-term success of your business.

This hiring test focuses on capital management, investment appraisal, capital structure, and forecasting outcomes. Working-capital management includes understanding the most feasible credit period to be allowed to debtors and the most beneficial time to pay creditors, in addition to various decisions regarding inventory management. Investment appraisal includes allocating funds to invest in the most profitable business opportunities and having funds required for the business at the lowest possible cost. The person managing your company’s finances should also proactively identify possible financial risks and devise mitigation strategies to prevent the occurrence and impacts of such events.

The financial-management test will help to assess candidates’ financial-management skills. The candidates who perform well on the test are likely to possess excellent financial-management skills in real-world scenarios. The test ensures that successful candidates will be a good addition to your company’s finance team and that they will perform their duties efficiently and effectively right from the start.

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 management test?

You can find our pricing packages here. Sign up here to try TestGorilla today.

Can I combine the Financial management 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 management 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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