APS Practice Exam Questions and Answers

A.  

II and III only

B.  

III only

C.  

I and III only

D.  

I, II, and III

A.  

Corporate dissolution

B.  

Criminal penalties

C.  

Industry blacklisting

D.  

Community service

A.  

Receipt and Invoice

B.  

PO and Receipt

C.  

PO and Invoice

D.  

PO, Receipt, and Invoice

A.  

II only

B.  

I only

C.  

I and III only

D.  

II and III only

A.  

Government Accounting Acceptance Principles

B.  

Government Accounting Actuarial Program

C.  

General Accounting Administration Program

D.  

Generally Accepted Accounting Principles

A.  

II and III only

B.  

I, II, and III

C.  

I and II only

D.  

I and III only

A.  

A PTIN for all reportable vendors

B.  

A W-4 for all reportable vendors

C.  

A TIN for all reportable vendors

D.  

A W-2 for all reportable vendors

A.  

Confirmation of a physical address

B.  

Verifying that vendors are bonded

C.  

Checking government sanction lists

D.  

Requiring a W-9

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

A.  

Reducing duplicate payments

B.  

Streamlining sales and use tax process

C.  

Collecting spend information for procurement

D.  

Compliance with laws and regulations