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Downloadable, printable exams (in PDF format)

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) Cost per invoice
C) Positive pay
D) Lost discounts

2. Which of the following are potential red flags for T&E expenses that fall outside of policy?

A) II and III only (Cab fares; Weekend stays)
B) I and III only (Charges for airline upgrades; Weekend stays)
C) I only (Charges for airline upgrades)
D) II only (Cab fares)

3. Fixed assets include which of the following? I. Accounts receivable; II. Furniture and fixtures; III. Inventory.

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

4. What is a "direct spend" invoice for?

A) Repairs
B) Supplies
C) Material
D) Inventory

5. Which of the following is true about a recurring wire transfer?

A) It is made to the same organization each time
B) It is made for the same amount each time
C) It must be made through CHIPS
D) It is made at the same time each week

Solutions: