IOFM Accredited Payables Specialist (APS) Certification - APS Exam Questions
QUESTION NO: 1
Examples of preventive controls include each of the following EXCEPT:
Examples of preventive controls include each of the following EXCEPT:
Correct Answer: D
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QUESTION NO: 2
Ways in which an organization could suffer from check fraud include which of the following: I. Check alteration; II. Invalid payments; III. Stolen issued checks.
Ways in which an organization could suffer from check fraud include which of the following: I. Check alteration; II. Invalid payments; III. Stolen issued checks.
Correct Answer: C
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QUESTION NO: 3
The acronym "VAT" stands for:
The acronym "VAT" stands for:
Correct Answer: D
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QUESTION NO: 4
Which of the following is necessary to prepare a 1099?
Which of the following is necessary to prepare a 1099?
Correct Answer: B
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QUESTION NO: 5
To date, the Streamlined Sales Tax Project has accomplished which of the following? I. Resolved the origin vs. destination question; II. Implemented a uniform exemption certificate; III. Created rate and boundary databases.
To date, the Streamlined Sales Tax Project has accomplished which of the following? I. Resolved the origin vs. destination question; II. Implemented a uniform exemption certificate; III. Created rate and boundary databases.
Correct Answer: B
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QUESTION NO: 6
Which of the following is a key reason for careful management of your vendor master file?
Which of the following is a key reason for careful management of your vendor master file?
Correct Answer: A
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QUESTION NO: 7
What is one department that can particularly benefit from specific insights provided by the vendor master file?
What is one department that can particularly benefit from specific insights provided by the vendor master file?
Correct Answer: B
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QUESTION NO: 8
Each of the following is a goal of a vendor management program, EXCEPT:
Each of the following is a goal of a vendor management program, EXCEPT:
Correct Answer: C
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