In recent years, many people choose to take IOFM APS certification exam which can make you get the IOFM certificate that is the passport to get a better job and get promotions.
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IOFM Accredited Payables Specialist (APS) Certification Sample Questions:
1. All of the following are examples of key performance indicators (KPIs) EXCEPT:
A) Invoices paid on time
B) Positive pay
C) Cost per invoice
D) Lost discounts
2. According to the ACFE, which of the following is the most common type of fraud scheme?
A) Financial misstatement
B) Corruption (bribery)
C) Intellectual property fraud
D) Asset misappropriation
3. When applied to T&E, compliance requires which of the following processes?
A) I and II only (Accurate recordkeeping; Secure record retention)
B) II and III only (Secure record retention; Traveler location tracking)
C) I only (Accurate recordkeeping)
D) III only (Traveler location tracking)
4. Which of the following has significantly reduced the number of small dollar invoices to be processed?
A) Electronic data interchange
B) Evaluated receipt settlement
C) Petty cash
D) Payment cards
5. The general rule for determining independent contractor status looks at evidence in each of the following categories, EXCEPT:
A) The degree of control the employer exercises over the worker's work results
B) The job title assigned to the worker
C) The amount of control the employer has over the worker's finances
D) The type of relationship established between the parties
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |



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