Open the auxiliary access

Firefly Open Source Community

   Login   |   Register   |
New_Topic
Firefly Open Source Community › Core Board › Core-3399-JD4› APS Exam Objectives | APS New Exam Braindumps
New Topic
Print Previous Topic Next Topic

[General] APS Exam Objectives | APS New Exam Braindumps

karltay632

130

Credits

0

Prestige

0

Contribution

registered members

Rank: 2

Credits
130

【General】 APS Exam Objectives | APS New Exam Braindumps

Posted at 3 day before      View：9 | Replies：0        Print      Only Author   [Copy Link] 1#
P.S. Free & New APS dumps are available on Google Drive shared by ITdumpsfree: https://drive.google.com/open?id=1SOa42vQ0z8upYHqmFFqWFW1-cRFsdqt2
If you are planning to pass the APS exam, you can choose our APS practice materials as your learning material since our products are known as the most valid exam engine in the world, which will definitely be beneficial to your preparation for exams. There are many impressive advantages of our APS Study Guide. And our APS actual exam will be definitely conducive to realizing the dream of obtaining the certificate.
Practice tests (desktop and web-based) are simulations of actual IOFM APS PDF Questions designed to help individuals prepare and improve their performance for the IOFM APS certification test. ITdumpsfree facilitates the customers with customizable practice tests which means they can adjust the number of questions and set the time of the test according to themselves which will help them in order to feel the real-based exam pressure and control it.
Will IOFM APS Practice Questions help You to Pass the IOFM certification exam?During these years, our PDF version of our IOFM APS study engine stays true to its original purpose to pursue a higher pass rate that has never been attained in the past. And you will be content about our considerate service on our IOFM APS training guide. If you have any question, you can just contact us!
IOFM Accredited Payables Specialist (APS) Certification Exam Sample Questions (Q98-Q103):NEW QUESTION # 98
Procurement card (P-card) issuers offer rebates according to:
  • A. Volume of spend
  • B. Quantity of cards issued
  • C. Number of individual transactions
  • D. Frequency of use
Answer: A
Explanation:
Procurement cards (P-cards) are corporate credit cards used for business purchases, and issuers often offer rebates or incentives to encourage their use. These rebates are typically based on the volume of spend, meaning the total dollar amount charged to the P-card over a specified period. This incentivizes organizations to consolidate more purchases on the card, benefiting both the issuer (through transaction fees) and the organization (through rebates).
The web source from Corcentric states: "P-card issuers commonly offer rebates based on the total volume of spend, encouraging organizations to increase card usage for eligible purchases." This confirms that rebates are tied to the dollar amount spent (Option A), not the number of transactions (Option B), frequency of use (Option C), or number of cards issued (Option D).
The IOFM APS Certification Program covers "Payments," including P-card programs and their benefits. The curriculum's focus on "peer-tested best practices for each phase of the payment process" aligns with the industry standard that rebates are based on spend volume, as this drives cost savings and program efficiency.
References:
IOFM Accounts Payable Specialist (APS) Certification Program, covering Payments Corcentric: "P-card issuers commonly offer rebates based on the total volume of spend"

NEW QUESTION # 99
To protect your organization from employee fraud, which of the following controls should be employed?
  • A. Conduct detailed background checks on all new AP employees
  • B. Require that all potential employees sign an NDA prior to hire
  • C. Hire only temporary employees and rotate them out every six to eight months
  • D. Ensure all staff members have accounting degrees from accredited universities
Answer: A
Explanation:
TheInternal Controlstopic in the APS Certification Program emphasizes preventing employee fraud through robust controls, particularly in AP, where access to payments and vendor data creates risks.Conducting detailed background checkson new AP employees is a standard control to verify integrity and reduce the risk of fraudulent behavior. Other options, such as NDAs, accounting degrees, or temporary hiring, are less effective or irrelevant for fraud prevention.
* Option A (Require that all potential employees sign an NDA prior to hire): Non-disclosure agreements (NDAs) protect confidential information but do not directly prevent fraud, which involves financial misconduct (e.g., embezzlement). This is not a primary fraud control.
* Option B (Ensure all staff members have accounting degrees): An accounting degree does not guarantee honesty or prevent fraud. Many AP roles require practical skills, not formal degrees. This is not a fraud control.
* Option C (Hire only temporary employees and rotate them out): Temporary staffing and frequent rotation disrupt continuity and may increase fraud risk due to lack of accountability. This is not a fraud control.
* Option D (Conduct detailed background checks on all new AP employees): Background checks verify criminal history, credit issues, and past employment, identifying potential fraud risks. This is a standard and effective control. Correct answer.
Reference to IOFM APS Documents: The APS e-textbook underInternal Controlsstates, "To prevent employee fraud, organizations should implement controls like detailed background checks for AP staff to ensure trustworthiness." It lists background checks as a key measure, alongside segregation of duties and surprise audits, but does not mention NDAs, degrees, or temporary staffing as fraud prevention controls. The training video reinforces this, citing background checks as essential for roles with financial access.

NEW QUESTION # 100
When applied to T&E, compliance requires which of the following processes?
  • A. II and III only (Secure record retention; Traveler location tracking)
  • B. III only (Traveler location tracking)
  • C. I only (Accurate recordkeeping)
  • D. I and II only (Accurate recordkeeping; Secure record retention)
Answer: D
Explanation:
Compliance in T&E processes requires robust systems to ensure financial accuracy and regulatory adherence.
Accurate recordkeeping(Option I) is essential to document expenses, support financial reporting, and meet IRS and SOX requirements.Secure record retention(Option II) ensures that records are stored safely to protect sensitive data and comply with retention policies (e.g., IRS rules requiring records for at least three years).Traveler location tracking(Option III) is not a standard compliance requirement for T&E, as it relates more to employee safety or logistics, not financial or regulatory compliance.
The web source from Tipalti states: "T&E compliance requires accurate recordkeeping to support expense reporting and audits, as well as secure record retention to protect data and meet regulatory retention periods." This supports Options I and II. Traveler location tracking is not mentioned as a compliance requirement in T&E processes, per the SAP Concur source: "Compliance in T&E focuses on documentation, approvals, and data security, not employee tracking." The IOFM APS Certification Program covers "Travel and Entertainment (T&E)," emphasizing compliance with financial and tax regulations. The curriculum's focus on "peer-tested best practices" aligns with accurate recordkeeping and secure retention as key compliance processes.
References:
IOFM Accounts Payable Specialist (APS) Certification Program, covering Travel and Entertainment (T&E) Tipalti: "T&E compliance requires accurate recordkeeping to support expense reporting and audits, as well as secure record retention" SAP Concur: "Compliance in T&E focuses on documentation, approvals, and data security"

NEW QUESTION # 101
Which of the following are reasons an employee should keep and submit T&E receipts, even if using a corporate travel card?
  • A. I, II, and III (There may be additional expenses for items paid out-of-pocket; Paper receipts are more easily handled and archived than electronic ones; The card information may not include the sufficient level of detail needed for approval)
  • B. II and III only (Paper receipts are more easily handled and archived than electronic ones; The card information may not include the sufficient level of detail needed for approval)
  • C. I and II only (There may be additional expenses for items paid out-of-pocket; Paper receipts are more easily handled and archived than electronic ones)
  • D. I and III only (There may be additional expenses for items paid out-of-pocket; The card information may not include the sufficient level of detail needed for approval)
Answer: D
Explanation:
Even when using a corporate travel card, employees must keep and submit T&E receipts for several reasons.
First, there may be additional out-of-pocket expenses (e.g., tips, small cash purchases) not charged to the card, requiring receipts for reimbursement (Option I). Second, corporate card statements often lack sufficient detail (e.g., itemized expenses or business purpose), necessitating receipts to meet approval and compliance requirements (Option III). However, paper receipts are not inherently easier to handle or archive than electronic ones (Option II), as modern T&E systems favor digital receipt management for efficiency and accessibility.
The web source from Esker states: "Employees must submit receipts for T&E expenses, even with corporate cards, to account for out-of-pocket expenses and to provide detailed documentation for approval, as card statements may lack itemized details." The NetSuite source adds: "Digital receipt management is preferred over paper receipts, as it simplifies archiving and retrieval." This supports Options I and III, while refuting Option II, as paper receipts are less efficient in modern systems.
The IOFM APS Certification Program covers "Travel and Entertainment (T&E)," emphasizing proper documentation and compliance in expense reporting. The curriculum's focus on "peer-tested best practices" aligns with the need for receipts to document out-of-pocket expenses and provide detailed approval data, but not for paper-based archiving.
References:
IOFM Accounts Payable Specialist (APS) Certification Program, covering Travel and Entertainment (T&E) Esker: "Employees must submit receipts for T&E expenses, even with corporate cards, to account for out-of- pocket expenses and to provide detailed documentation" NetSuite: "Digital receipt management is preferred over paper receipts"

NEW QUESTION # 102
Evaluated Receipt Settlement (ERS) requires which of the following?
  • A. PO, Receipt, and Invoice
  • B. Receipt and Invoice
  • C. PO and Receipt
  • D. PO and Invoice
Answer: C
Explanation:
Evaluated Receipt Settlement (ERS) is a payment process that eliminates the need for a supplier invoice by triggering payments based on the purchase order (PO) and receiving documents (e.g., goods received note or delivery receipt). The PO establishes the agreed-upon terms, quantities, and prices, while the receipt confirms the actual delivery of goods or services. This allows payments to be processed without an invoice, streamlining the accounts payable process.
The web source from Esker states: "Evaluated Receipt Settlement (ERS) is a procedure for paying suppliers without requiring a paper invoice from the supplier... Payments are triggered by the receipt of goods or services against a purchase order." The Corcentric source further clarifies: "ERS requires only the purchase order and receiving documents to initiate payment, eliminating the need for an invoice." This directly supports Option B (PO and Receipt), as these are the two critical documents for ERS. Options A, C, and D are incorrect because they include the invoice, which is not required in ERS.
The IOFM APS Certification Program covers "Payments," including ERS as an efficient payment method.
The curriculum's focus on "peer-tested best practices for each phase of the payment process" aligns with the industry standard that ERS relies on the PO and receipt.
References:
IOFM Accounts Payable Specialist (APS) Certification Program, covering Payments Esker: "Evaluated Receipt Settlement (ERS) is a procedure for paying suppliers without requiring a paper invoice" Corcentric: "ERS requires only the purchase order and receiving documents to initiate payment"

NEW QUESTION # 103
......
Our system is high effective and competent. After the clients pay successfully for the APS study materials the system will send the products to the clients by the mails. The clients click on the links in the mails and then they can use the APS study materials immediately. Our system provides safe purchase procedures to the clients and we guarantee the system won’t bring the virus to the clients’ computers and the successful payment for our APS Study Materials. Our system is strictly protect the clients’ privacy and sets strict interception procedures to forestall the disclosure of the clients’ private important information. Our system will automatically send the updates of the APS study materials to the clients as soon as the updates are available. So our system is wonderful.
APS New Exam Braindumps: https://www.itdumpsfree.com/APS-exam-passed.html
IOFM APS Exam Objectives We will give you refund if you fail to pass the exam, you don’t need to worry that your money will be wasted, 100% Free IOFM APS New Exam Braindumps APS New Exam Braindumps Certification Practice Test Questions With Latest Updated & Accurate Answers, So to exam candidates of IOFM APS New Exam Braindumps area, it is the same situation, IOFM APS Exam Objectives Professional products will take you only 20-30 hours' preparation before the real test.
If you happen to have one of those cameras, then be very careful who you let work on your files, You can get free update for IOFM APS Real Exam Questions in one year from the date of purchase.
Marvelous APS - Accredited Payables Specialist (APS) Certification Exam Exam ObjectivesWe will give you refund if you fail to pass the exam, you don’t need to worry APS that your money will be wasted, 100% Free IOFM Accounts Payable Certification Certification Practice Test Questions With Latest Updated & Accurate Answers.
So to exam candidates of IOFM area, it is APS Instant Access the same situation, Professional products will take you only 20-30 hours' preparation before the real test, There is nothing more exciting than an effective and useful APS question bank to study with for your coming exam.
BTW, DOWNLOAD part of ITdumpsfree APS dumps from Cloud Storage: https://drive.google.com/open?id=1SOa42vQ0z8upYHqmFFqWFW1-cRFsdqt2
https://www.jptestking.com
Reply

Use props Report

Return to List
High mode
B Color Image Link Quote Code Smilies
You need to log in before you can reply Login | Register

This forum Credits Rules

  •  

Service Hotline : (+86)18688117175
Contact us
E-mail : global@t-firefly.com
Copyright © 2014-2022, FIREFLY TECHNOLOGY CO.,LTD. All Rightts Reserved. 粤ICP备14022046号-2
Quick Reply Back to top Back to list