CFO Test

CFO tests can be used to determine if someone has the judgement and technical aptitudes to excel at the position of Chief Financial Officer, or CFO.

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What is a CFO test?

A CFO test helps employers to shortlist those candidates who are most likely to excel in the position of Chief Financial Officer.

The test asks a series of multiple-choice questions to evaluate a candidate's knowledge of financial management and spreadsheet software, as well as organisational, leadership, team management and communication skills.

A high score in this test indicates that a candidate might have the level of experience and aptitude needed to perform at the highest level of seniority in a financial role.

About the CFO Test

CFOs have ultimate responsibility for the planning and management of the finance and accounting operations within an organization. They sign off on all financial reporting and provide strategic recommendations to the board of directors. This test assesses a candidate's aptitude in terms of the skills and experience required to be a CFO.

Why should you use a CFO test for recruiting?

Shortlisting for a CFO position can be difficult: it's a critical role, and all applicants are likely to be highly experienced and well qualified.

A CFO test can be easily administered to a large number of candidates to provide comparative data. This gives you more insight into the suitability of each candidate.

The test highlights a candidate's level of numeracy, financial literacy, situational awareness and leadership, among other abilities. Applicants who best meet the requirements of the role can be interviewed, while those who do not demonstrate the required level of proficiency can be excluded.

View a sample report

Results for the CFO Test along with other assessments the candidate takes will be compiled to produce a candidate report.

The report is automatically generated and available both online and as a downloadable pdf so they can be shared with other team members and employees alike.

App screenshot

How our test assesses CFO skills

Candidates will need to answer a range of questions that measure industry-specific technical skills where applicable (e.g. Microsoft Excel), soft skills (e.g. leadership), aptitude (e.g. numerical reasoning) and relevant personality dimensions (e.g. planning). The results present a holistic view of how well suited each candidate is for the job at hand, using a data-driven approach.

The format varies by type of question, including multiple-choice for aptitude and technical skills, situational judgement for soft skills and agreement on a Likert scale for the personality dimensions. This approach ensures candidates are being assessed in an accurate and fair manner, and that results reflect the true underlying qualities of each candidate.

The characteristics, abilities and knowledge necessary to be a CFO were identified using the US Department of Labor's comprehensive O*NET database. O*NET is the leading source of occupational information that is constantly updated by collecting data from employees in specific job roles.

During the development process, test questions were rigorously analysed to maximise reliability and validity in line with industry best practices. They were created by our team of I/O psychologists and psychometricians – who collaborated with subject-matter-experts – and field-tested with a representative sample of job applicants who have varying experience, just like you might find in a talent pool.

Each test is reviewed by a panel of individuals representing diverse backgrounds to check for any sensitivity, fairness, face validity and accessibility issues. This ensures each candidate has a fair chance of demonstrating their true level of expertise.

Our CFO test is monitored to ensure it is up-to-date and optimised for performance.

Our test platform

Our platform offers an extensive library of hundreds of tests, giving you the flexibility to select and combine them in any way that suits your hiring needs. From understanding specific role requirements to assessing general cognitive abilities, our diverse library ensures you can tailor your assessment process precisely.

Multi-format.
Our test questions come in various formats, including multiple-choice, true and false, ranking and situational judgment, all ensuring comprehensive candidate assessment.
Role-specific simulations.
Experience real-world scenarios with our role-specific simulations, providing accurate insights into candidates' performance, readiness and fit for the position.
Adaptive scoring.
Our adaptive scoring system evaluates responses in real-time, by adjusting to the candidate's ability level, enhancing accuracy and reliability.

Curated by our
team of experts

Expert 1 Expert 2 Expert 3

Scientifically validated by psychometric specialists

  • Our team of assessment experts is made up of I/O psychologists, psychometricians, and subject matter experts who work closely together to ensure each test is accurate and reliable.
  • Our subject matter experts are rigorously vetted and typically have several years of experience working in their industries and hold advanced credentials.

Frequently asked questions

What should a CFO know?

To be most effective, a CFO will need to know: how to communicate with and manage large groups of people; how to analyse financial accounts and present the findings of them; and how to make financial decisions that help a company to prosper.

How do you assess a CFO candidate?

You may look to evaluate their ability in the following areas: their track record; how well they can demonstrate leadership; how they tackle financial forecasting and budgeting.

What is the cost for Neuroworx's CFO test?

Neuroworx operates on a monthly or annual subscription basis. We have several plans to suit your hiring needs, which you can check out here. Alternatively, you can get in touch with us to discuss a custom plan.

Can I get a free trial?

Yes, simply sign up (no credit card is required) and we'll give you unlimited access for seven days. Create as many jobs and test as many candidates as you want; you won't be charged a penny.

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