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%.
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:
KEY SKILLS REQUIRED:
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.
ACCOUNTING AND FINANCE
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.
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) = ?