FLDP Finance assessment Test
So before my 1st round interview I have to take a finance assessment test, I'v been told that it is all basic stuff, nothing too tricky. But as an Econ major, my basic finance is a little rusty, so what topics do you think might come up and what ratios/formulas, etc should I go over before the test?
the test is 10 questions, 20 minutes.
What industry is the company in? Are the rotations more accounting or finance oriented?
^ we need to know the above answers.
But I was an econ major and never got asked questions I didn't know from the 2 finance and 2 accounting classes I took + my own personal knowledge.
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Just how simple are we talking about here? Is it really as simple as given X and Y calculate Z ratio?
Potentially: "Which of the following scenarios would indicate an increase in financial performance? a. An increase in quick ratio b. An increase in asset turnover ratio c. A decrease in times interest earned ratio d. ??? e. ???"
A question like this would be relatively simple. However, must you be able to calculate the ratios and interpret the meaning.
It wasn't even that difficult, it was pretty much all conceptual questions. A question might be something along the lines of:
Which one of the following scenarios would cause the price of commodity X to increase? a) scenario 1 b) scenario 2 c) scenario 3 d) scenario 4 e) scenario 5
In all my CF interviews I was asked a majority of fit questions. CF jobs are easy to learn on the job, so generally they aren't as worried about your specific knowledge. But the types of questions I did get asked generally referred to things like cost accounting/building a plan or budget/and balance sheet related. For instance, I do the cash forecasting for a business unit at my job and that's a typical FLDP role at my company. So we all got asked free cash flow questions and how they relate to teh balance sheet.
They are in transportation(Rail/Intermodal), and the rotations are more finance oriented.
Assessment for Finance Leadership Program (Originally Posted: 03/12/2014)
I am applying for a Finance Leadership trainee position at a midsize manufacturing company. The HR department said there will be an assessment, but so far I haven't got any details about what excatly will be tested on the assessment. I graduated with a Masters in Accounting in spring 2012, so its been a while since I looked at finance subjects. I just wanted to know what is typically asked in these kinds of assessments. I am assuming I should refresh the Financial ratios, Interest calculations and basic investment concepts. I just wanted to get suggestions for which topics should I expect to be on the assessment.
Without those details it's a crapshoot on what exactly you should be prepping. I'm simply a student but I've taken a number of these assessment tests and they've ranged greatly. I've taken a test going over pattern recognition to finding PV of an investment.
*side note: I was just sent an assessment test from Shell, if anyone has experience with this and open to lending some advice please let me know! ;)
Don't stress about this at all. Know the three financial statements and how they relate, and review basic time value of money concepts. Just be charming and confident on the day of the interview; that's what really matters. FLDP interviews are fairly light on technical details because they really just want to know that you've got the IQ and EQ to be a manager later on.
hello, please i have an assessment day with GE next week for TCPD healthcare. please i need tips on how is it like and the basic requirements to scale through.
-Time value of money*** -Real vs. nominal rates*** -Types of risk (liquidity, inflation, default, maturity, etc.) -Three financial statements and general understanding of their meaning (is it a snapshot or over a period of time?)*** -ROI, ROE, ROR*** -CAPEX -Escalation
***probably more important
If you can find any ratios the industry uses as a common performance measures, those might be helpful too. Read a few articles and see if anything jumps out or comes up a few times.
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