IOFM Accounts Payable Certification APS Braindumps

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IOFM APS Exam Syllabus Topics:

IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

Question #1
The general rule for determining independent contractor status looks at evidence in each of the following categories, EXCEPT:

A. The amount of control the employer has over the worker's finances
B. The degree of control the employer exercises over the worker's work results
C. The job title assigned to the worker
D. The type of relationship established between the parties

Question #2
Which of the following describes the possible consequences for anyone engaging in misconduct relating to the Sarbanes-Oxley Act?

A. Industry blacklisting
B. Criminal penalties
C. Community service
D. Corporate dissolution

Question #3
What is the current thinking regarding automation of T&E expense handling, reporting, and reimbursement?

A. While automation can be helpful, T&E processing still requires a lot of manual work
B. It reduces processing costs, thereby increasing efficiency in handling T&E data
C. T&E automation solutions are still too new to evaluate accurately
D. It opens too many loopholes for unauthorized expenses to sneak through

Question #4
Fixed assets include which of the following? I. Accounts receivable; II. Furniture and fixtures; III. Inventory.

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

Question #5
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. III only (Reducing the amount of manual data entry)
C. I and II only (Eliminating the approval process, Reducing the amount of paper handling)
D. I, II, and III (Eliminating the approval process, Reducing the amount of paper handling, Reducing the amount of manual data entry)

Solutions: