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Last Update May 15, 2025
Total Questions : 100 With Comprehensive Analysis

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Last Update May 15, 2025
Total Questions : 100

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Authentic IOFM Certification Exam APS Questions Answers

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Accredited Payables Specialist (APS) Certification Exam

Last Update May 15, 2025
Total Questions : 100 With Comprehensive Analysis

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Accredited Payables Specialist (APS) Certification Exam Questions and Answers

Questions 1

Cash management refers to an organization’s management of which of the following?

Options:

A.

Payment terms

B.

Payroll disbursements

C.

Enterprise resource planning systems

D.

Inflow and outflow of funds

Questions 2

What is the current thinking regarding automation of T&E expense handling, reporting, and reimbursement?

Options:

A.

While automation can be helpful, T&E processing still requires a lot of manual work

B.

It opens too many loopholes for unauthorized expenses to sneak through

C.

T&E automation solutions are still too new to evaluate accurately

D.

It reduces processing costs, thereby increasing efficiency in handling T&E data

Questions 3

Fixed assets include which of the following? I. Accounts receivable; II. Furniture and fixtures; III. Inventory.

Options:

A.

I, II, and III

B.

I and II only

C.

II only

D.

I and III only