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IOFM Accounts Payable Certification APS

APS

Exam Code: APS

Exam Name: Accredited Payables Specialist (APS) Certification Exam

Updated: Sep 07, 2026

Q & A: 102 Questions and Answers

APS Free Demo download:

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IOFM APS Exam Syllabus Topics:

SectionObjectives
Internal Controls
Vendor Master File
T&E (Travel and Expense)
Tax and Regulatory
Technology and Automation
Invoices
Payments

IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

Question 1

Ways to minimize the number of rush checks that are requested include:

A. II only (Charge a rush check processing fee)
B. I and II only (Distribute the check run schedule with cut-off dates and times, Charge a rush check processing fee)
C. I, II, and III (Distribute the check run schedule with cut-off dates and times, Charge a rush check processing fee, Publish the names of frequent rush check requestors)
D. I only (Distribute the check run schedule with cut-off dates and times)


Question 2

Which AP function is typically NOT considered a good candidate for business process outsourcing (BPO)?

A. Invoice imaging
B. Utility payments
C. Performance monitoring
D. Check printing


Question 3

Which of the following are among the elements that the IRS considers in defining a T&E accountable plan?

A. I and III only (Expense substantiation; Return of unused cash advances on a timely basis)
B. II only (Business connection requirement)
C. I, II, and III (Expense substantiation; Business connection requirement; Return of unused cash advances on a timely basis)
D. I only (Expense substantiation)


Question 4

Which of the following has significantly reduced the number of small dollar invoices to be processed?

A. Evaluated receipt settlement
B. Petty cash
C. Electronic data interchange
D. Payment cards


Question 5

Assigning a user name and password is one method of:

A. Security lockdown
B. Robotic process automation
C. Data authentication
D. Optical character recognition


Solutions:

Question 1
Answer: B
Question 2
Answer: C
Question 3
Answer: C
Question 4
Answer: D
Question 5
Answer: C

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