HomeCognitive Ability Tests
Budget Analyst Test
Test duration:
55
min
No. of questions:
38
Level of experience:
Entry/Mid/Expert

Budget Analyst Test

iMocha’s budget analyst test is the definitive pre-hire test for recruiters and hiring managers to assess candidates objectively. This test helps to reduce screening time by 80% and increase the interview-to-selection ratio by 62%. Our budget analyst aptitude test helps hire budget analysts.

A financial calculator used for calculating costs and budgets, with a dollar sign symbol
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Budget Analyst Test Assessment

The budget analyst is responsible for providing assistance and analysis during budget development. They look at the organization's past performance in terms of funds allocation to ensure current, and future budgets have the most effective, efficient allocation of financial resources throughout the company. 


On a periodic and ongoing basis, the budget analyst must be able to look at the company's budgets to assess current expenditures and the accuracy of the corporate financial planning for expenses. This analysis must include the development and use of quantitative measures to properly assess the status of budgetary goals and direct future decision-making on company expenditures. 


The budget analyst must also be able to present this information to management, executives, and other team members in a clear, comprehensive manner that allows individuals without extensive financial training to understand the current and future budget situation.

Responsibilities of the budget analyst:

  • Directs compilation of data based on statistical studies
  • Analyze past and current years to prepare budgets and justify funds requested
  • Correlate appropriations for specific programs with divisional programs and include items for emergency funds
  • Review operating budgets periodically to analyze trends affecting budget needs.

The budget analyst will also consult with unit heads to ensure adjustments following program changes to facilitate long-term planning. Directly preparing regular and special budget reports to interpret budget directives and establish policies for carrying out directives.

Prepare a comparative analysis of operating programs by analyzing the costs of services performed during previous fiscal years. 

Key skills required:

  • Ability to analyze problems, reach objective conclusions and prepare and make oral and written presentations, concisely and compellingly - Verbal Reasoning, Logical Reasoning, Numerical Reasoning
  • Ability to apply a high level of sound, independent judgments. The administration of a budget management program and solution of attendant problems - Logical Reasoning
  • Attention to detail and strong analytical skills - Abstract Reasoning, Quantitative Aptitude
  • Excellent written and verbal communication skills - Verbal Ability Financial analysis experience - Accounts and Finance
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How it works

Test Summary

Verbal ability is essential because grammar and vocabulary are prerequisites for good spoken and written English.

Verbal Reasoning:

Reading comprehension indicates an ability to comprehend and reason with the concepts on a written page.

Quantitative Aptitude:

Quantitative ability will indicate analytical thinking and problem-solving ability.

Logical Reasoning:

Logical Reasoning is assessed through the:

  1. Statement/Conclusion
  2. Cause /Effect and 
  3. Statement/Fact questions

These questions will indicate the quality of deductive Reasoning and inductive Reasoning, which contribute to critical thinking ability.

Abstract Reasoning: 

Abstract Reasoning will indicate the ability to think, identify logical patterns, learn new skills, and solve complex problems. It is an indicator of fluid intelligence and shows an ability to strategize.

Accounting Fundamentals: The topics cover accounting topics such as posting entries, overhead allocation, FIFO, LIFO, Cash flows, stock valuation, adjustment entries, accounting principles, etc.

Financial Analysis: Financial Analysis covers topics on ratios, leverage, working capital, etc.

The budget analyst test may contain MCQs (Multiple Choice Questions), MAQs (Multiple Answer Questions), Fill in the Blanks, Whiteboard Questions, Audio / Video Questions, True or False Questions, etc.

Useful for hiring
  • Budget Analyst
Test Duration
55
min
No. of Questions
38
Level of Expertise
Entry/Mid/Expert
Topics Covered
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Accounting and Finance

iMocha’s budget analyst aptitude test helps recruiters and hiring managers evaluate candidates’ understanding of accounting, where all the financial activities or transactions are recorded.

Verbal Ability

This assessment test evaluates a candidate’s ability to solve verbal reasoning questions, which helps to assess communication skills effectively with words.
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Logical Reasoning

Our test helps to assess a candidate’s ability to solve logical questions or non-verbal questions.
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Abstract Reasoning

This budget analyst test evaluates candidates.
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Sample Question
Choose from our 100,000+ questions library or add your own questions to make powerful custom tests.
Question type
Multiple Option
Topics covered
Logical Games / Problems
Difficulty
Easy

Question:

There are 10 chairs in a row. Emily sat down on the seventh chair from the left and Romi sat down on the eighth chair from the right. How many chairs are between them?


Options

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