Exam Code: APS
Exam Name: Accredited Payables Specialist (APS) Certification Exam
Certification Provider: IOFM
Corresponding Certification: Accounts Payable Certification

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IOFM APS Exam Syllabus Topics:

Section	Objectives
Topic 1: Vendor Management	- Vendor compliance and performance - Vendor onboarding and maintenance
Topic 2: Accounts Payable Fundamentals	- Roles and responsibilities in AP departments - AP processes and lifecycle
Topic 3: Reporting and Analytics	- Data analysis for payables optimization - AP reporting and KPI tracking
Topic 4: Fraud Prevention and Risk Management	- Fraud detection in accounts payable - Risk mitigation controls
Topic 5: AP Automation and Technology	- Electronic invoicing and automation tools - ERP and AP system usage
Topic 6: Invoice Processing and Workflow	- Invoice receipt, validation, and matching - Approval workflows and exceptions handling
Topic 7: Internal Controls and Compliance	- Regulatory compliance in payables - Audit controls and documentation
Topic 8: Payments Management	- Payment scheduling and optimization - Payment methods and execution

IOFM Accredited Payables Specialist (APS) Certification Sample Questions:

Question #1

Ways to minimize the number of rush checks that are requested include:

A. I only (Distribute the check run schedule with cut-off dates and times)
B. I and II only (Distribute the check run schedule with cut-off dates and times, Charge a rush check processing fee)
C. II only (Charge a rush check processing fee)
D. I, II, and III (Distribute the check run schedule with cut-off dates and times, Charge a rush check processing fee, Publish the names of frequent rush check requestors)

Answer: B