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IOFM APS Exam Overview:
| Certification Vendor: | IOFM |
| Exam Name: | Accredited Payables Specialist (APS) Certification Exam |
| Exam Number: | APS |
| Related Certifications: | Accredited Payables Manager (APM) |
| Certificate Validity Period: | Annual renewal required (15 CEUs) |
| Exam Price: | $995.00 |
| Exam Format: | Multiple Choice |
| Passing Score: | Pass/Fail (Specific score not disclosed) |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Real Exam Qty: | 100 |
| Sample Questions: | IOFM APS Sample Questions |
| Exam Way: | Online (Self-Study) or In-Person (Conference) |
| Pre Condition: | Degree + Years of Experience: No degree (3 yrs), Associate (2 yrs), Bachelor (1 yr). |
| Official Syllabus URL: | https://www.iofm.com/certification/aps |
IOFM APS Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Invoices | |
| Topic 2: Vendor Master File | |
| Topic 3: Tax and Regulatory | |
| Topic 4: Payments | |
| Topic 5: Internal Controls | |
| Topic 6: Technology and Automation | |
| Topic 7: T&E (Travel and Expense) |
IOFM Accredited Payables Specialist (APS) Certification Sample Questions:
1. Which of the following are data security concerns?
A) I and III only (What data is being accessed; For what purpose the data is being used)
B) I, II, and III (What data is being accessed; Who is accessing the data; For what purpose the data is being used)
C) I and II only (What data is being accessed; Who is accessing the data)
D) II and III only (Who is accessing the data; For what purpose the data is being used)
2. According to the IRS definition of an accountable plan, how much time is given an employee to adequately account for business expenses after they are incurred?
A) 120 days
B) 30 days
C) 90 days
D) 60 days
3. What is a good strategy for dealing with the change that typically accompanies automation?
A) Understand and accept that it will take time to learn a new system
B) Request that you be reassigned to a role that is unaffected by automation
C) Don't worry about it until you must actually implement the changes
D) If you feel the change won't be for the best, try to convince management to delay
4. Key elements essential for an effective vendor fraud prevention program include each of the following practices, EXCEPT:
A) Requiring a W-9
B) Confirmation of a physical address
C) Checking government sanction lists
D) Verifying that vendors are bonded
5. What is another term for "software-as-a-service"?
A) Perpetual software license
B) On-demand software
C) Consultant-specific applications
D) Onsite vendor support
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |
By Allen
