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Top 18 Finance Assistant Written Test Questions with Answers
1. What is the main responsibility of a finance assistant according to the job description?
Answer:
The main responsibility of a finance assistant is to
assist the finance officer in carrying out the day-to-day financial tasks and
ensuring adherence to company/organization policies and guidelines.
2. What is the primary function of the finance assistant in preparing status reports?
Answer:
The primary function of the finance assistant in
preparing status reports is to provide management with updates on the progress
and status of the support function portfolio.
3. What is the role of the finance assistant in ensuring the proper filing of documents?
Answer:
The role of the finance assistant in ensuring the proper
filing of documents is to maintain accurate and organized financial and accounting
files, both soft and hard copies, and to ensure that all financial
documentation is filed and easily retrieved for audits and other internal
purposes.
4. What is the responsibility of the finance assistant in maintaining accurate financial transactions?
Answer:
The responsibility of the finance assistant in
maintaining accurate financial transactions is to ensure that all financial
transactions are recorded in a timely and accurate manner and that all
documents are filed correctly according to the company/organization policies.
5. What is the role of the finance assistant in assisting with accounting procedure reviews?
Answer:
The role of the finance assistant in assisting with
accounting procedure reviews is to ensure compliance with all applicable
accounting laws and statutory regulations, company/organization requirements,
and donor regulations.
6. What is the finance assistant's role in maintaining liaisons with local bank officials?
Answer:
The finance assistant's role in maintaining liaisons with
local bank officials is to obtain day-to-day information on exchange and
interest rates, changes in procedures and regulations, and maintaining the
office bank accounts.
7. What is the main responsibility of the finance assistant in keeping the bank and cash accounts?
Answer:
The main responsibility of the finance assistant in
keeping the bank and cash accounts is to conduct regular cash counts and ensure
that all transactions are recorded accurately and filed correctly.
8. What is the role of the finance assistant in conducting day-to-day payments?
Answer:
“The role of the finance assistant in conducting
day-to-day payments is to ensure that all supporting documentation is compliant
with the organization/company policies and procedures and that payments are
processed in a timely and accurate manner”.
9. What is the role of the finance assistant in the retrieval of documents necessary for audits and document reviews?
Answer:
The role of the finance assistant in the retrieval of
documents necessary for audits and document reviews is to assist in retrieving
the necessary documents and to ensure that all financial documentation is filed
correctly and can be easily retrieved for audits and other internal purposes.
10. What is the responsibility of the finance assistant in informing the supervisor about breaches of policies and procedures?
Answer:
The responsibility of the finance assistant in informing
the supervisor about breaches of policies and procedures is to advise the
supervisor of any issues or concerns related to breaches of policies,
procedures, internal control, and matters of misconduct.
11. What is the role of the finance assistant in liaising with banks for bank process payments?
Answer:
The role of the finance assistant in liaising with banks
for bank process payments is to communicate and coordinate with a bank to
ensure that bank payments are processed in a timely and accurate manner.
12. What is the role of a finance assistant in reconciling bank accounts and cash boxes?
Answer:
The finance assistant is responsible for assisting the
finance officer in reconciling bank accounts and cash boxes. This involves
comparing bank statements to records and ensuring that transactions are
recorded accurately and in a timely manner.
13. What is the finance assistant's role in maintaining financial and accounting files?
Answer:
The finance assistant is responsible for maintaining
accurate financial and accounting files and transactions, both soft and hard
copies. This involves updating and organizing financial and accounting records
to ensure that they are easily accessible and retrievable for audits and other
internal purposes.
14. How does the finance assistant promote and share ideas for the improvement of the support function?
Answer:
The finance assistant promotes and shares ideas for
improvement of the support function by actively seeking out opportunities for
process improvement, suggesting new ideas and strategies, and collaborating
with other team members to find creative solutions.
15. How does the finance assistant ensure compliance with accounting laws and regulations?
Answer:
The finance assistant ensures compliance with accounting
laws and regulations by assisting in accounting procedures reviews and
verifying that all financial documentation is in accordance with applicable
laws, organization/company requirements, and donor regulations.
16. What is the finance assistant's role in maintaining liaison with local bank officials?
Answer:
The finance assistant maintains liaison with local bank
officials by regularly communicating with them to obtain information on
exchange and interest rates, changes in procedures and regulations, and matters
related to the maintenance of office bank accounts.
17. What is the finance assistant's role in conducting cash counts?
Answer:
The finance assistant is responsible for conducting cash
counts every week and every month. This involves counting and verifying the
amount of cash on hand and reconciling it with the financial records.
18. What is the finance assistant's role in ensuring transactions are recorded accurately and in a timely manner?
Answer:
The finance assistant's role in ensuring transactions is
recorded accurately and in a timely manner involves reviewing and verifying all
financial transactions to ensure that they are recorded correctly and in
compliance with organization/company policies and procedures. This also
involves ensuring that all supporting documentation is complete and accurate.
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