Free Accredited Payables Specialist (APS) Certification Exam Practice Questions

A.  

Control environment

B.  

Information and communication

C.  

Risk assessment

D.  

Accounting principles

A.  

Optical character recognition

B.  

Robotic process automation

C.  

Data authentication

D.  

Security lockdown

A.  

Require that all potential employees sign an NDA prior to hire

B.  

Ensure all staff members have accounting degrees from accredited universities

C.  

Hire only temporary employees and rotate them out every six to eight months

D.  

Conduct detailed background checks on all new AP employees

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

A.  

Payment terms

B.  

Payroll disbursements

C.  

Enterprise resource planning systems

D.  

Inflow and outflow of funds

A.  

Control the number of vendor calls

B.  

Reduce the potential for fraud

C.  

Monitor vendor quality

D.  

Gain visibility into payment status

A.  

Personal expenses reported as business-related

B.  

Forged or modified travel receipts

C.  

Multiple reimbursements for the same expense

D.  

Lapping schemes for transportation cost

A.  

Do not pay the invoice and report the transaction to the VAT administration

B.  

Pay the incorrect amount and then send a formal written request for an adjustment

C.  

Do not pay the invoice and return it to the vendor for correction

D.  

Short pay or overpay as necessary and include an explanation of why you did so

A.  

Eliminate spending limits on the card

B.  

Issue AP a departmental card for making vendor payments

C.  

Have the issuer identify more vendors that accept the card

D.  

Expand the categories of purchases available for card use

A.  

Government regulations

B.  

Staff resistance

C.  

Costly technology

D.  

Security concerns