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Printable format of the PDF version
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According to the market research, we have found that a lot of people preparing for the APS exam want to gain the newest information about the exam. In order to meet all candidates requirement, we compiled such high quality study materials to help you. It is believed that our products will be very convenient for you, and you will not find the better study materials than our APS exam question. If you willing spend few hours to learn our study materials, you will pass the exam in a short time. Now we are going to introduce our APS test questions to you.
IOFM Accredited Payables Specialist (APS) Certification Sample Questions:
1. Evaluated Receipt Settlement (ERS) requires which of the following?
A) PO and Receipt
B) PO and Invoice
C) Receipt and Invoice
D) PO, Receipt, and Invoice
2. Each of the following is one of the most common types of fraudulent expense reimbursement schemes, EXCEPT:
A) Lapping schemes for transportation cost
B) Forged or modified travel receipts
C) Multiple reimbursements for the same expense
D) Personal expenses reported as business-related
3. Ways to reduce the cost of processing an invoice include:
A) II and III only (Reducing the amount of paper handling, Reducing the amount of manual data entry)
B) I and II only (Eliminating the approval process, Reducing the amount of paper handling)
C) III only (Reducing the amount of manual data entry)
D) I, II, and III (Eliminating the approval process, Reducing the amount of paper handling, Reducing the amount of manual data entry)
4. Payments to non-resident aliens for services that are performed in the U.S. must be reported on Form 1042-S if the payment amount exceeds:
A) $1,000
B) $300
C) $0
D) $600
5. 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) An image replacement document
C) A surrogate financial instrument
D) An electronic conversion order
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |

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