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IOFM APS real answers - Accredited Payables Specialist (APS) Certification Exam

APS
  • Exam Code: APS
  • Exam Name: Accredited Payables Specialist (APS) Certification Exam
  • Updated: Sep 16, 2025
  • Q & A: 102 Questions and Answers
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About IOFM APS Exam guide

Only need to practice for 20 to 30 hours

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IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

1. Which of the following are data security concerns?

A) I, II, and III (What data is being accessed; Who is accessing the data; For what purpose the data is being used)
B) I and III only (What data is being accessed; For what purpose the data is being used)
C) II and III only (Who is accessing the data; For what purpose the data is being used)
D) I and II only (What data is being accessed; Who is accessing the data)


2. Which party is responsible for providing 1099 information for P-card transactions to the IRS?

A) Accounts payable
B) Card issuer
C) Merchant
D) Card user


3. IRS proposed penalties for missing or incorrect tax IDs on 1099 filings can be abated due to 'reasonable cause,' which can include each of the following, EXCEPT:

A) Documentation showing the error rate to be less than 5% of total 1099s
B) Proof of a successful TIN match prior to the date of assessment
C) Steps the organization has taken in an attempt to obtain the correct payee information
D) The organization's plan for improving the accuracy of future reporting


4. Which of the following is a part of a successful ERS (Evaluated Receipt Settlement) program?

A) Receiving a complete invoice with the shipment
B) Billing of miscellaneous charges separately
C) Use of pro forma purchase orders
D) Exclusion of early pay discounts


5. To date, the Streamlined Sales Tax Project has accomplished which of the following? I. Resolved the origin vs. destination question; II. Implemented a uniform exemption certificate; III. Created rate and boundary databases.

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


Solutions:

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

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