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 JUDGMENTIN 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
Verbal ability is essential because grammar and vocabulary is a prerequisite 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.
Logical Reasoning is assessed through
• 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 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.
This pre-employment test is useful for hiring:
- Budget Analyst Test
Test Details: 54 Questions 75 minutes
Verbal Ability - 08 Questions 08 minutes
Verbal Reasoning - 08 Questions 14 minutes
Quantitative Aptitude - 10 Questions 10 minutes
Logical Reasoning - 10 Questions 14 minutes
Abstract Reasoning - 08 Questions 14 minutes
Accounting and Finance - 10 Questions 15 minutes
Budget Analyst Test
|Candidate Name: David Messi||Test Date: 28-May-2014|
|Test Name: Budget Analyst Test||Test Start Time: 13.30|
Score: 23 Out Of 38
Accounting and Finance
|Strength||Abstract Reasoning, verbal reasoning|
|Weakness||verbal ability, logical reasoning|
|Tolerable Limit||Not acceptable|
|Gender :||Male||Phone Number :||+1-541-754-3010|
|Total Experience (Years) :||3||Total Experience (Months) :||5|
|Skill Set :||Abstract Reasoning, verbal reasoning||Current Employer :||Interview Mocha|
|Current Job Title :||Solution Architect||Current Salary :||600.00|
|Expected Salary :||1000000.00||Current Location :||Chicago|
Good News! You can customize this test as per the job profile
- Choose and add questions from Interview Mocha question libraries
- Add your own set of questions
- Mail us at firstname.lastname@example.org to create a custom test
- Customize test settings like duration, number of questions, passing score, web proctoring and much more
How Interview Mocha works?
Add this test to your account
Invite candidates to take this test online
Candidates take the test
View and share actionable test reports
Trusted by leading brands worldwide
Why hiring managers and recruiters across the globe love Interview Mocha
- Largest number of ready pre-employment skill tests
- Relevant test compositions and quality questions designed by Subject Matter Experts (IM SME)
- Fastest custom test creation DNA
- World’s most super easy skill assessment platform
- High level of platform security implementation
- Friendly and quick customer support
- Ready to listen and implement your feedback, we are all ears
- Affordable pricing