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IOFM APS Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Payments Management | - Payment methods and execution - Payment scheduling and optimization |
| Fraud Prevention and Risk Management | - Fraud detection in accounts payable - Risk mitigation controls |
| Accounts Payable Fundamentals | - AP processes and lifecycle - Roles and responsibilities in AP departments |
| Vendor Management | - Vendor compliance and performance - Vendor onboarding and maintenance |
| Invoice Processing and Workflow | - Approval workflows and exceptions handling - Invoice receipt, validation, and matching |
| Internal Controls and Compliance | - Regulatory compliance in payables - Audit controls and documentation |
| AP Automation and Technology | - ERP and AP system usage - Electronic invoicing and automation tools |
| Reporting and Analytics | - AP reporting and KPI tracking - Data analysis for payables optimization |
IOFM Accredited Payables Specialist (APS) Certification Sample Questions:
Each of the following are ways to expand the use of the P-card, EXCEPT:
- A. Eliminate spending limits on the card
- B. Issue AP a departmental card for making vendor payments
- C. Expand the categories of purchases available for card use
- D. Have the issuer identify more vendors that accept the card
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).
When applied to T&E, compliance requires which of the following processes?
- A. I and II only (Accurate recordkeeping; Secure record retention)
- B. III only (Traveler location tracking)
- C. I only (Accurate recordkeeping)
- D. II and III only (Secure record retention; Traveler location tracking)
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).
All of the following are examples of key performance indicators (KPIs) EXCEPT:
- A. Positive pay
- B. Lost discounts
- C. Invoices paid on time
- D. Cost per invoice
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).
What is a "direct spend" invoice for?
- A. Inventory
- B. Material
- C. Repairs
- D. Supplies
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).
Evaluated Receipt Settlement (ERS) payments are made based on the quantity reflected on which of the following?
- A. Supplier Invoice
- B. Advanced Shipping Notice
- C. Receiving Documents
- D. Purchase Order
Explanation: Only visible for Pass4suresVCE members. You can sign-up / login (it's free).



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