Executives take for granted that you understand the fundamentals of finance. The people doing the talking presume that you speak the language, that you can read the financial statements, and that you can use basic financial tools to make decisions. But can you?

What if you’re not sure of the difference between an income statement and a balance sheet, or between profit and a positive cash flow? What if you can’t define inventory days or days sales outstanding, and you don’t know how to use those numbers to improve financial performance?

The truth is that many managers and executives score poorly on this short test. With the vast majority scoring 50% or less - a failing score in most schools.

This 25-question quiz isn’t designed to measure your entire financial IQ, but it will give you a sense of the fundamentals you should learn to become a more effective manager.

When you finished, you’ll have a better idea of your current knowledge. To assess your real skill level answer 'Don't Know' if you don't know the answer rather than guessing.

But there’s another reason not to feel too bad if you score poorly: You can easily remedy your situation. Reading this guide is a great start - and whether my course "Greatly improve your Financial Intelligence is for you".