These are five sample questions from Bryq’s Financial Roles assessment, a job-specific test for hiring financial analysts, FP&A professionals and finance managers. The full assessment covers five skills: financial reporting, financial analysis, budgeting, financial modeling and business acumen. Questions combine calculations and technical finance knowledge with realistic business scenarios, and each has four options to choose from.
Financial Reporting
Question
A company sells goods for $500,000 with a right of return and expects 10% of them to be returned. How much revenue should it recognise at the point of sale?
Select your answer
$450,000, with a refund liability for the expected returns.
$500,000, with a $50,000 returns provision recorded as an expense.
None, until the return period has ended.
$500,000, with returns recorded as they occur.
WHY IS THIS THE CORECT ANSWER
Under IFRS 15 and ASC 606, revenue is recognised only for the amount the company expects to keep. Expected returns are excluded from revenue and held as a refund liability.
Financial Analysis
Question
A company has current assets of $1,200,000, including $450,000 of inventory, and current liabilities of $600,000. What is its quick ratio?
Select your answer
1.25
0.80
2.00
0.75
WHY IS THIS THE CORECT ANSWER
The quick ratio leaves out inventory because it can’t always be turned into cash quickly. Here, ($1,200,000 − $450,000) ÷ $600,000 = 1.25. The figure of 2.00 is the current ratio, which includes inventory.
Budgeting
Question
Mid-year, a customer that accounts for 15% of forecast revenue gives notice that it will move to a competitor next quarter. What is the best response?
Select your answer
Reforecast revenue, assess the impact on margin and cash, and present options for rebalancing spend.
Keep the budget unchanged and flag the risk in next month’s variance commentary.
Keep the budget unchanged, assuming the sales team will replace the lost revenue.
Reduce the revenue forecast for the lost customer and ask budget holders to find matching savings.
WHY IS THIS THE CORECT ANSWER
A confirmed, material revenue loss should be reflected in the forecast straight away. Modelling its full impact before choosing a response gives leadership real options.
Financial Modeling
Question
In a three-statement model, the balance sheet stops balancing after you add a new debt facility. What is the most likely cause?
Select your answer
The drawdown isn’t flowing through financing cash flow to the cash balance.
The facility’s interest rate is set above current market rates.
The depreciation schedule hasn’t been updated for the new borrowing.
Revenue growth hasn’t been adjusted to reflect the new facility.
WHY IS THIS THE CORECT ANSWER
New debt increases liabilities, so the same amount must reach cash through the financing section of the cash flow statement. If that link is missing, assets and liabilities move by different amounts and the balance check fails.
Business acumen
Question
A product line’s revenue is growing 20% a year, but a customer profitability review shows its largest accounts are loss-making once service costs are included. What should leadership do?
Select your answer
Work with sales to review pricing and service for those accounts, with a plan to fix or exit each.
Treat the losses as a growth investment, since profitability usually improves with scale.
Renegotiate prices with the loss-making accounts at their next contract renewal.
Keep current terms to protect volume, and review the accounts’ profitability next year.
