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IOFM APS Exam Syllabus Topics:

IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

1. Assigning a user name and password is one method of:

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

2. What is one department that can particularly benefit from specific insights provided by the vendor master file?

A) Mailroom
B) Audit
C) Manufacturing
D) Purchasing

3. Which of the following IRS documents addresses travel & entertainment (T&E) expenses?

A) Form 1046
B) Publication 463
C) Notice 1009
D) Advisory 972

4. When applied to T&E, compliance requires which of the following processes?

A) III only (Traveler location tracking)
B) I and II only (Accurate recordkeeping; Secure record retention)
C) II and III only (Secure record retention; Traveler location tracking)
D) I only (Accurate recordkeeping)

5. Sales and use taxes are levied by which of the following? I. Cities and towns; II. Federal government; III.
States.

A) I, II, and III
B) I and III only
C) III only
D) II and III only

Solutions: