Accredited Payables Specialist (APS) Certification Exam: APS Exam Premium File as PDF & Test Engine

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IOFM APS Exam Syllabus Topics:

IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

1. In the U.S., what type of information is HIPAA designed to protect?

A) Private medical records
B) Corporate whistleblower identities
C) External auditor findings
D) Electronic banking information

2. What is a good strategy for dealing with the change that typically accompanies automation?

A) Understand and accept that it will take time to learn a new system
B) Request that you be reassigned to a role that is unaffected by automation
C) If you feel the change won't be for the best, try to convince management to delay
D) Don't worry about it until you must actually implement the changes

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

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

4. Filing for a VAT refund is difficult because: I. Invoices must include the name and address of the company filing for the refund; II. Only authorized agents may apply for the refunds; III. An original invoice must be submitted.

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

5. When dealing with a rush payment, which of the following are acceptable practices? I. Allow the payment to be picked up by the vendor; II. Insist on making the payment electronically; III. Mail the payment.

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

Solutions: