Exam Name: Accredited Payables Specialist (APS) Certification Exam
Certification Provider: IOFM
Corresponding Certification: Accounts Payable Certification
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Instant Download IOFM : APS Questions & Answers as PDF & Test Engine
Updated: May 31, 2026
No. of Questions: 102 Questions & Answers with Testing Engine
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IOFM Accredited Payables Specialist (APS) Certification Sample Questions:
1. Benefits of ACH include each of the following, EXCEPT:
A) ACH speeds up payment processing time
B) ACH reduces the cost of invoice processing
C) ACH eliminates the need for vendor verification
D) ACH replaces having to issue paper checks
2. Which party is responsible for providing 1099 information for P-card transactions to the IRS?
A) Card issuer
B) Card user
C) Accounts payable
D) Merchant
3. Which of the following is necessary to prepare a 1099?
A) A W-2 for all reportable vendors
B) A TIN for all reportable vendors
C) A PTIN for all reportable vendors
D) A W-4 for all reportable vendors
4. When auditing expense reports, one thing to pay particular attention to is:
A) Airfare expenses in combination with hotel costs
B) Restaurant receipts that include client names
C) Amounts just below the approval threshold
D) Highly itemized receipt details
5. In which ways can the accounts payable specialist benefit the organization as a whole? I. Meet the organization's commitments; II. Communicate to management barriers to performance; III. Maintain positive relationships with suppliers.
A) I and III only
B) I and II only
C) I, II, and III
D) II and III only
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: C |
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