IOFM APS Exam : Accredited Payables Specialist (APS) Certification Exam

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IOFM APS Exam Syllabus Topics:

Section	Objectives
Payments Management	- Payment scheduling and optimization - Payment methods and execution
AP Automation and Technology	- ERP and AP system usage - Electronic invoicing and automation tools
Reporting and Analytics	- Data analysis for payables optimization - AP reporting and KPI tracking
Accounts Payable Fundamentals	- Roles and responsibilities in AP departments - AP processes and lifecycle
Vendor Management	- Vendor onboarding and maintenance - Vendor compliance and performance
Invoice Processing and Workflow	- Invoice receipt, validation, and matching - Approval workflows and exceptions handling
Internal Controls and Compliance	- Audit controls and documentation - Regulatory compliance in payables
Fraud Prevention and Risk Management	- Fraud detection in accounts payable - Risk mitigation controls

IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

Question #1

Filing for a VAT refund is difficult because: I. Invoices must include the name and address of the company filing for the refund; II. Only authorized agents may apply for the refunds; III. An original invoice must be submitted.

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

Reveal Solution Discussion 0

Correct Answer: D 🗳️