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Accounts Payable Certification Accredited Payables Specialist (APS) Certification Exam

Accredited Payables Specialist (APS) Certification Exam

Last Update May 7, 2025
Total Questions : 100

To help you prepare for the APS IOFM exam, we are offering free APS IOFM exam questions. All you need to do is sign up, provide your details, and prepare with the free APS practice questions. Once you have done that, you will have access to the entire pool of Accredited Payables Specialist (APS) Certification Exam APS test questions which will help you better prepare for the exam. Additionally, you can also find a range of Accredited Payables Specialist (APS) Certification Exam resources online to help you better understand the topics covered on the exam, such as Accredited Payables Specialist (APS) Certification Exam APS video tutorials, blogs, study guides, and more. Additionally, you can also practice with realistic IOFM APS exam simulations and get feedback on your progress. Finally, you can also share your progress with friends and family and get encouragement and support from them.

Questions 2

An organization’s mission statement is intended to provide which of the following?

Options:

A.  

Policies and procedures

B.  

Ethics and compliance standards

C.  

Methodology and direction

D.  

Metrics and benchmarking information

Discussion 0
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Questions 3

In order to get a sales tax exemption on goods purchased for resale, what must the buyer do?

Options:

A.  

File a letter of intent with the local taxing jurisdiction

B.  

Provide an exemption certificate to the seller

C.  

Inform the state in writing that the tax will be paid by the buyer

D.  

Supply a copy of a sales tax license to the seller

Discussion 0
Questions 4

What is a limitation typically associated with a blanket purchase order?

Options:

A.  

It is only issued for purchasing services, not for goods

B.  

It should not extend past a specified timeframe

C.  

It must be settled with a same-day wire transfer

D.  

It should only be created for a specific delivery date

Discussion 0
Questions 5

Evaluated Receipt Settlement (ERS) payments are made based on the quantity reflected on which of the following?

Options:

A.  

Supplier Invoice

B.  

Purchase Order

C.  

Receiving Documents

D.  

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Discussion 0
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