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IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

1. Which of the following are data security concerns?

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

2. All of the following items are typically addressed in an organization's vendor setup guidelines except:

A) Whether or not the vendor outsources its order fulfillment process
B) Validating that the person who requested the new vendor is authorized to do so
C) Verification that the vendor is not already in the system
D) The conventions for the way letters and abbreviations must be entered

3. Each of the following is a goal of a vendor management program, EXCEPT:

A) Collecting spend information for procurement
B) Streamlining sales and use tax process
C) Reducing duplicate payments
D) Compliance with laws and regulations

4. Good vendor master file practices include each of the following, EXCEPT:

A) Blocking inactive vendors after a certain period
B) Having a vendor verification program
C) Finding and consolidating duplicate vendors
D) Deleting and re-entering vendors that move

5. When dealing with a rush payment, which of the following are acceptable practices? I. Allow the payment to be picked up by the vendor; II. Insist on making the payment electronically; III. Mail the payment.

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

Solutions: