Prepare with IOFM APS exam torrent, pass for sure
Updated: Aug 03, 2026
No. of Questions: 102 Questions & Answers with Testing Engine
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IOFM APS Exam Overview:
| Certification Vendor: | IOFM |
| Exam Name: | Accredited Payables Specialist (APS) Certification Exam |
| Exam Number: | APS |
| Exam Duration: | 90 minutes |
| Real Exam Qty: | 100 |
| Related Certifications: | Accredited Payables Manager (APM) |
| Passing Score: | Pass/Fail (Specific score not disclosed) |
| Certificate Validity Period: | Annual renewal required (15 CEUs) |
| Available Languages: | English |
| Exam Price: | $995.00 |
| Exam Format: | Multiple Choice |
| Sample Questions: | IOFM APS Sample Questions |
| Exam Way: | Online (Self-Study) or In-Person (Conference) |
| Pre Condition: | Degree + Years of Experience: No degree (3 yrs), Associate (2 yrs), Bachelor (1 yr). |
| Official Syllabus URL: | https://www.iofm.com/certification/aps |
IOFM APS Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Internal Controls | |
| Topic 2: Invoices | |
| Topic 3: Payments | |
| Topic 4: Technology and Automation | |
| Topic 5: Vendor Master File | |
| Topic 6: T&E (Travel and Expense) | |
| Topic 7: Tax and Regulatory |
IOFM Accredited Payables Specialist (APS) Certification Sample Questions:
1. In order to get a sales tax exemption on goods purchased for resale, what must the buyer do?
A) Supply a copy of a sales tax license to the seller
B) Provide an exemption certificate to the seller
C) Inform the state in writing that the tax will be paid by the buyer
D) File a letter of intent with the local taxing jurisdiction
2. A copy of front and back of the original check, which is legally the same as the original check, is termed a substitute check or:
A) A negotiated bank draft
B) A surrogate financial instrument
C) An image replacement document
D) An electronic conversion order
3. Evaluated Receipt Settlement (ERS) requires which of the following?
A) PO and Receipt
B) Receipt and Invoice
C) PO and Invoice
D) PO, Receipt, and Invoice
4. Examples of preventive controls include each of the following EXCEPT:
A) T&E expenditure guidelines
B) Dollar limits on use of P-card
C) Use of approved vendor lists
D) Account reconciliation
5. What is one department that can particularly benefit from specific insights provided by the vendor master file?
A) Purchasing
B) Manufacturing
C) Audit
D) Mailroom
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: A |
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