Passing exam with APS latest training materials
Prepare and pass exam with our IOFM APS training material, here you will achieve your dream easily With TrainingQuiz!
Updated: Sep 09, 2026
No. of Questions: 102 Questions & Answers with Testing Engine
Download Limit: Unlimited
The professional and accurate APS Training Materials with the best precise contents is helping canidates pass for sure!
Pass your exam with latest TrainingQuiz APS Training Materials just one-shot. All the core contents of IOFM APS exam trianing material are helpful and easy to understand, compiled and edited by the experienced experts team, which can assist you to face the difficulties with good mood and master the key knowledge easily, and then pass the IOFM APS exam for sure.
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IOFM APS Exam Overview:
| Certification Vendor: | IOFM (Institute of Finance & Management) |
|---|---|
| Exam Name: | Accredited Payables Specialist (APS) Certification Exam |
| Exam Number: | APS |
| Exam Format: | Single-select / Multi-select, Multiple-choice questions |
| Exam Price: | $695–$895 USD |
| Available Languages: | English |
| Exam Duration: | 90–120 |
| Certificate Validity Period: | 3 years |
| Related Certifications: | Accredited Payables Manager (APM) Certified Accounts Payable Professional (CAPP) |
| Real Exam Qty: | 100–102 |
| Passing Score: | 70% |
| Recommended Training: | IOFM APS Certification Program |
| Exam Registration: | IOFM Official Registration |
| Sample Questions: | IOFM APS Sample Questions |
| Exam Way: | Online proctored or onsite at authorized test centers |
| Pre Condition: | 1+ year AP experience (4-year degree), 2+ years (2-year degree), 3+ years (no degree); no mandatory prerequisite exam |
| Official Syllabus URL: | https://www.iofm.com/certification/aps |
IOFM APS Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Invoice Processing | 25% | - Matching and reconciliation - Handling exceptions and discrepancies - Invoice receipt and validation |
| Payments and Disbursements | 20% | - Payment methods and processing - Travel and expense management - Discounts, allowances and deductions |
| Process Improvement & Automation | 10% | - AP automation tools and technology - Data analysis and reporting - Workflow optimization |
| Vendor Management | 15% | - Vendor setup and maintenance - Vendor communication and resolution - 1099 / tax reporting requirements |
| Internal Controls & Fraud Prevention | 10% | - Audit readiness and documentation - Fraud detection and mitigation - Segregation of duties |
| Accounts Payable Fundamentals | 20% | - Financial accounting basics for AP - Regulatory compliance and ethics - Role and responsibilities of AP department |
IOFM Accredited Payables Specialist (APS) Certification Sample Questions:
Question 1
Benefits of ACH include each of the following, EXCEPT:
A. ACH eliminates the need for vendor verification
B. ACH speeds up payment processing time
C. ACH replaces having to issue paper checks
D. ACH reduces the cost of invoice processing
Question 2
Addressing data security involves the use of:
A. I and II only (Hardware; Software)
B. I only (Hardware)
C. I and III only (Hardware; Human resources)
D. I, II, and III (Hardware; Software; Human resources)
Question 3
An organization's mission statement is intended to provide which of the following?
A. Methodology and direction
B. Metrics and benchmarking information
C. Ethics and compliance standards
D. Policies and procedures
Question 4
What is another term for "software-as-a-service"?
A. Perpetual software license
B. Onsite vendor support
C. On-demand software
D. Consultant-specific applications
Question 5
Which party is responsible for providing 1099 information for P-card transactions to the IRS?
A. Card issuer
B. Card user
C. Merchant
D. Accounts payable
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: C | Question 5 Answer: C |
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By Dean
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