The Financial Management Test is designed to assess various skill levels and competencies in the financial management of a company. The test is specifically geared towards assessing the skill level and basic knowledge of 1) financial markets and interest rates, 2) the financial management of working capital, 3) the determination of optimal capital structure and firm valuation, 4) accounting and controlling, 5) applying financial planning and decision support principles, and 6) understanding business combinations and restructurings. These are the concepts and areas of knowledge that the finance manager must deal with on a daily basis. The target audience would be those persons applying for managerial and staff positions in financial planning and analysis; financial and cost accounting (CFO, Controller, Accounting Manager) including managerial positions in receivables, payables and inventory; and treasury management/staff functions. Tests for Corporate Tax Accounting, Payroll Management, Partnership Tax Accounting, and Cost Accounting are also available. Total Questions 45 Question Types Multiple Choice Competencies Tested Working Capital ManagementFirm Valuation & Capital StructureAccounting & ControllingPlanning & Decision SupportFinancial Markets and Interest RatesBusiness Combinations & Restructurings Tasks Tested Factoring ReceivablesManaging Marketable SecuritiesAccounts Receivable Turnover RatioSources of Short-Term FundsInventory ManagementUnderstanding RiskSolvency Financial RatiosPortfolio TheoryCash ManagementFactors Influencing Capital StructureCost of CapitalRisk AnalysisDividend PolicyRatios to Evaluate Capital StructureManagement ObjectivesSources of Long-Term FundsLeverageStatement of Cash FlowsResponsibility AccountingManagement Information System ControlsFinancial Statement Ratio AnalysisDirect Costing and Contribution MarginInternal Financial ControlVariable CostsRatio and Trend AnalysisUnderstanding Financial StatementsVariance AnalysisLeasesIncremental (Direct) Costing AnalysisCost/Volume/Profit AnalysisBudgetingUncertainty in Decision MakingThe Planning ProcessFinancial Techniques Used in Capital BudgetingCapital BudgetingThe Time Value of MoneyTax PlanningInterest RatesFederal Reserve Board ActionsTypes of Financial MarketsTypes of MarketsTypes of Business CombinationsInsolvencyReasons for Business CombinationsEvaluating Business Combinations
