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IOFM APS Exam Syllabus Topics:

IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

Question 1

In the U.S., what type of information is HIPAA designed to protect?

A. Corporate whistleblower identities
B. External auditor findings
C. Electronic banking information
D. Private medical records

Question 2

Which of the following has significantly reduced the number of small dollar invoices to be processed?

A. Payment cards
B. Petty cash
C. Evaluated receipt settlement
D. Electronic data interchange

Question 3

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

Question 4

Which of the following statements best describes the meaning of data integrity?

A. The data was encrypted using an algorithm
B. The data has not been altered
C. The data comes with a digital signature
D. The data has been tested for accuracy

Question 5

Each of the following are ways to expand the use of the P-card, EXCEPT:

A. Eliminate spending limits on the card
B. Have the issuer identify more vendors that accept the card
C. Issue AP a departmental card for making vendor payments
D. Expand the categories of purchases available for card use

Solutions: