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IOFM APS Exam Syllabus Topics:

IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

1. 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 II only
B) I, II, and III
C) II and III only
D) I and III only

2. 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 II only
B) I, II, and III
C) II and III only
D) I and III only

3. Which U.S. government organization publishes "per diem" travel guidelines?

A) Federal Reserve Board
B) Department of Treasury
C) General Services Administration
D) Department of Commerce

4. Sales and use taxes are levied by which of the following? I. Cities and towns; II. Federal government; III.
States.

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

5. What is one benefit of entering a commodity code in a user-defined field when setting up a newvendor?

A) It automatically generates a price comparison to other similar vendors
B) It enables procurement to use the data for spend analysis
C) It indicates which team member created the new record
D) It prevents a duplicate vendor from being entered

Solutions: