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IOFM APS Exam Syllabus Topics:

IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

Question 1

Which U.S. government organization publishes "per diem" travel guidelines?

A. Federal Reserve Board
B. Department of Commerce
C. General Services Administration
D. Department of Treasury

Question 2

Good vendor master file practices include each of the following, EXCEPT:

A. Blocking inactive vendors after a certain period
B. Deleting and re-entering vendors that move
C. Having a vendor verification program
D. Finding and consolidating duplicate vendors

Question 3

The well-publicized business scandals that occurred in the early 2000s, particularly in the U.S., resulted in legislation that protects which class of employees?

A. Auditors
B. Whistleblowers
C. Executives
D. Hourly employees

Question 4

All of the following are examples of key performance indicators (KPIs) EXCEPT:

A. Positive pay
B. Lost discounts
C. Invoices paid on time
D. Cost per invoice

Question 5

What is blockchain?

A. An internal audit methodology
B. A distributed ledger system
C. An accounts payable collaborative
D. A random password generator

Solutions: