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Instant Download IOFM : APS Questions & Answers as PDF & Test Engine

APS
  • Exam Code: APS
  • Exam Name: Accredited Payables Specialist (APS) Certification Exam
  • Updated: Jun 29, 2026
  • No. of Questions: 102 Questions and Answers
  • Download Limit: Unlimited
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IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

1. In order to be SOX compliant, the T&E process in the U.S. must:

A) I only (Ensure correct and accurate recordkeeping)
B) I and III only (Ensure correct and accurate recordkeeping; Include report generation with visibility at all required levels)
C) II only (Provide a reliable approval workflow)
D) I and II only (Ensure correct and accurate recordkeeping; Provide a reliable approval workflow)


2. Which party is responsible for providing 1099 information for P-card transactions to the IRS?

A) Card user
B) Accounts payable
C) Merchant
D) Card issuer


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

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


4. All of the following are examples of key performance indicators (KPIs) EXCEPT:

A) Cost per invoice
B) Lost discounts
C) Positive pay
D) Invoices paid on time


5. When auditing expense reports, one thing to pay particular attention to is:

A) Airfare expenses in combination with hotel costs
B) Amounts just below the approval threshold
C) Restaurant receipts that include client names
D) Highly itemized receipt details


Solutions:

Question # 1
Answer: D
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: C
Question # 5
Answer: B

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773 Customer ReviewsCustomers Feedback (* Some similar or old comments have been hidden.)

Thanks Lead2Passed APS real questions.

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