Budget Analyst Test Assessment

Candidates Assessed

16334+

Organisations Served

123+

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

About Budget Analyst Test Assessment

The budget analyst is responsible for providing assistance and analysis during the budget-development process. 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.

The budget analyst must be able to, on a periodic and ongoing basis, look at the company's budgets to assess current expenditures and the accuracy of the corporate financial planning for expenditures. This analysis must include the development and use of quantitative measures to be able to properly assess the status of budgetary goals and direct the 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 to justify funds requested.
  • Correlate appropriations for specific programs with appropriations for 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 are made in accordance with program changes in order to facilitate long-term planning.
  • Direct preparation of regular and special budget reports to interpret budget directives and to establish policies for carrying out directives.
  • Prepare comparative analysis of operating programs by analyzing costs in relation to services performed during previous fiscal years.

KEY SKILLS REQUIRED:

  • Ability to analyze problems reach objective conclusions and prepare and make oral and written presentations in a clear, concise and compelling manner - Verbal Reasoning, Logical Reasoning, Numerical Reasoning
  • Ability to apply a high level of sound, independent judgementing. The administration of a budget management program and solution of attendant problems - Logical Reasoning
  • Attention to detail and strong analysis skills - Abstract Reasoning, Quantitative Aptitude
  • Excellent written and verbal communication skills - Verbal Ability
  • Financial analysis experience - Accounts and Finance

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Test Summary

VERBAL ABILITY

Verbal ability is essential because grammar and vocabulary is a prerequisite 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:

  • Statement/Conclusion 
  • Cause /Effect and  
  • 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 clearly, identify logical patterns, learn new skills and solve complex problems. It is an indicator of fluid intelligence and shows an ability to strategize.

ACCOUNTING AND FINANCE

  • 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.

Test Duration: 55 minutes

No. of Questions: 38

Level of Expertise: Entry/Mid/Expert

Useful for hiring

  • Budget Analyst

Topics Covered


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Accounting and Finance

iMocha’s budget analyst aptitude test helps recruiters and hiring managers to evaluate candidate’s understanding about accounting where all the financial activities or transactions are recorded

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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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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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Abstract Reasoning

This budget analyst test evaluates candidates' ability to solve problems based on the outside world with sense

Sample Questions

Choose from our 100,000+ question library or add your own questions to make powerful custom tests

Question types:

Multiple Option

Topic:

Ratio Analysis

Difficulty:

Hard


Q 1. Ferris Corporation wants to improve its current ratio from the present level of 1.5 when it closes the books next week. The action of __________ will have the desired effect. Choose the correct option to fill the blank.
Paying off all current payables from cash
Selling off all current marketable securities for cash
Writing-down all impaired assets
Delaying all next payrolls

Question types:

Multiple Option

Topic:

Logical Games / Problems

Difficulty:

Easy


Q 2. 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?
 
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Sample Report

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