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Fund Accountant Test
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Fund Accountant Test

Our fund accountant test is the ideal pre-hire test for recruiters and hiring managers to assess candidates objectively. This online fund accountant test is useful for hiring a fund accountant. Our fund accountant test has helped our customers to reduce hiring time by up to 40%.

Stack of coins, calculator, and pencil on a piece of paper representing financial planning
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Fund Accountant Test Assessment

Fund accounting is the process of accounting for a portfolio of investments such as securities, commodities, and/or real estate held in an investment fund such as a mutual fund or hedge fund. Fund accountants are primarily responsible for all aspects of day-to-day accounting for a group of assigned funds, including calculating/reporting the daily NAV (Net Asset Value) per unit, compiling standard weekly and/or monthly financial statements, and income and expense accruals.

Fund accountants work for organizations that manage funds. Some organizations both manage and sell funds, some just sell funds, and some just manage funds. Fund accountants are not typically employed by firms that just sell funds as their role is primarily related to funding management (e.g., daily calculations of fund values, etc.).

The major Responsibilities of a fund accountant include the following:

  • Prepare timely and accurate Net Assets Values, yields, distributions, and other fund accounting output for subsequent review.
  • Record accurately and in accordance with the Department policies and procedures, such accounting records as securities positions, corporate actions related, and journal entries.
  • Reconcile various accounts or review reconciliations prepared by others, and promptly research and correct any variances.
  • Identify exceptions and problems affecting accounting records and prices, communicate the same to management, and assist in their resolution.
  • Assist, as assigned, in preparing audit schedules, compliance reports, N-SARs, tax returns, financial statements, or other reports.
  • Write reports periodically to management on Fund activities and other related issues.
  • Research, as assigned, certain securities in Fund portfolios for the purpose of ensuring proper accounting treatment (such as the nature of distributions, original issue discounts, and international valuations) and compliance with SEC, tax, and prospectus restrictions and limitations.
  • Institutional fund accounting processes also include preparing, reconciling, and distributing reports to/from marketing, separate custodians, and investment management.
  • Participate in the regular rotation of trade processing and other accounting processes to prepare the fund accounting system for the next day.


  • Demonstrate Microsoft Office skills - Microsoft Excel Basics
  • Problem-solving - Quantitative Aptitude and Spatial Intelligence
  • Ability to communicate professionally through effective verbal and written skills - Verbal Ability and Verbal Reasoning
  • Attention to detail
  • Basic understanding of accounting concepts, general ledgers, and financial statements - Accounting Fundamentals and Financial Analysis
  • Basic understanding of various securities - Equity, Fixed Income, and Derivative Instruments
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Test Summary


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


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


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


Abstract reasoning indicates 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.


  1. Accounting Fundamentals – The topics cover accounting topics such as posting entries, overhead allocation, FIFO, LIFO, Cash flows, stock valuation, adjustment entries, accounting principles, etc.
  2. Financial Analysis - Financial Analysis covers topics on ratios, leverage, working capital, etc.


The questions are on keyboard shortcuts, keyboard combinations, page orientations, tables, charts, formatting, and commands.

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

Useful for hiring
  • Fund Accountant
Test Duration
No. of Questions
Level of Expertise
Topics Covered

Financial Analysis

Our fund accounting test helps to assess a candidate's knowledge about the financial analysis process of maintaining a record of financial activities to determine accounting performance.

Verbal Reasoning

This test helps to evaluate a candidate's communication skills with effective words.

MS Excel Basic

This online fund accountant test evaluates a candidate's ability to work on Microsoft Excel, which helps to manage and control large amounts of data.

Accounting Fundamentals

This test evaluates a candidate's understanding of accounting fundamentals such as recording, summarizing, analyzing, and then reporting financial data.

Abstract Reasoning

This fund accounting test helps to evaluate candidates' ability to solve problems based on the outside world with sense.

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


Manuel is adept at using complex combined formulas. Identify the output of the following formula he wrote based on the given table, with data contained in the range A1: B5. HLOOKUP(44,A2:B5,3) - HLOOKUP(53,A4:B5,2) = ?

Table with section and value column


  • 36
  • 52
  • 43
  • 0
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