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AP Certification Study Guide-IOFM Questions and
Answers 100% Correct UPDATED!!!
balance sheet - ANSWER A financial statement that reports
Assets, Liabilities and Owner's Equity
UPIC - ANSWER Universal Payment Identification Codes
Positive Pay - ANSWER An organization's best defense against
Check fraud
accrued expenses - ANSWER Incurred expenses that have not
been paid in the current period
The Association of Certified Fraud Examiners (ACFE) - ANSWER
Three branches: fraudulent statements; corruption and asset
misappropriation
Corporate Payment - ANSWER Is governed by the invoice, the
purchase order and receiving documents
AP Certification Study Guide-IOFM Questions and
Answers 100% Correct UPDATED!!!
balance sheet - ANSWER A financial statement that reports
Assets, Liabilities and Owner's Equity
UPIC - ANSWER Universal Payment Identification Codes
Positive Pay - ANSWER An organization's best defense against
Check fraud
accrued expenses - ANSWER Incurred expenses that have not
been paid in the current period
The Association of Certified Fraud Examiners (ACFE) - ANSWER
Three branches: fraudulent statements; corruption and asset
misappropriation
Corporate Payment - ANSWER Is governed by the invoice, the
purchase order and receiving documents
