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| Certification Vendor: | IOFM (Institute of Finance & Management) |
|---|---|
| Exam Name: | Accredited Payables Specialist (APS) Certification Exam |
| Exam Number: | APS |
| Related Certifications: | Accredited Payables Manager (APM) Certified Accounts Payable Professional (CAPP) |
| Passing Score: | 70% |
| Exam Duration: | 90–120 |
| Exam Price: | $695–$895 USD |
| Real Exam Qty: | 100–102 |
| Certificate Validity Period: | 3 years |
| Exam Format: | Multiple-choice questions, Single-select / Multi-select |
| Available Languages: | English |
| Recommended Training: | IOFM APS Certification Program |
| Exam Registration: | IOFM Official Registration |
| Sample Questions: | ![]() |
| Exam Way: | Online proctored or onsite at authorized test centers |
| Pre Condition: | 1+ year AP experience (4-year degree), 2+ years (2-year degree), 3+ years (no degree); no mandatory prerequisite exam |
| Official Syllabus URL: | https://www.iofm.com/certification/aps |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounts Payable Fundamentals | 20% | - Financial accounting basics for AP - Role and responsibilities of AP department - Regulatory compliance and ethics |
| Topic 2: Process Improvement & Automation | 10% | - Data analysis and reporting - Workflow optimization - AP automation tools and technology |
| Topic 3: Invoice Processing | 25% | - Matching and reconciliation - Handling exceptions and discrepancies - Invoice receipt and validation |
| Topic 4: Vendor Management | 15% | - 1099 / tax reporting requirements - Vendor communication and resolution - Vendor setup and maintenance |
| Topic 5: Payments and Disbursements | 20% | - Discounts, allowances and deductions - Payment methods and processing - Travel and expense management |
| Topic 6: Internal Controls & Fraud Prevention | 10% | - Audit readiness and documentation - Segregation of duties - Fraud detection and mitigation |
Which of the following AP department procedures would reduce the number of vendor calls to the AP department?
Correct Answer: C 🗳️
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The well-publicized business scandals that occurred in the early 2000s, particularly in the U.S., resulted in legislation that protects which class of employees?
Correct Answer: B 🗳️
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The COSO framework's categories of internal controls include each of the following EXCEPT:
Correct Answer: B 🗳️
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According to the ACFE, which of the following is the most common type of fraud scheme?
Correct Answer: C 🗳️
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What is blockchain?
Correct Answer: A 🗳️
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