IOFM Accredited Payables Specialist (APS) Certification : APS

  • Exam Code: APS
  • Exam Name: Accredited Payables Specialist (APS) Certification Exam
  • Updated: Jun 18, 2026
  • Q & A: 102 Questions and Answers

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IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

1. An organization's mission statement is intended to provide which of the following?

A) Metrics and benchmarking information
B) Ethics and compliance standards
C) Methodology and direction
D) Policies and procedures


2. 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)


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


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) I and III only
C) II and III only
D) III only


5. All of the following are areas in which accounts payable has a significant influence EXCEPT:

A) Financial statements
B) Inventory turnover
C) Vendor relationships
D) Cash management


Solutions:

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

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