IOFM: Accounts Payable Manager Certificate -
APM.2 E-Textbook SG- Q&A
Practice questions for this set
Learn 1/7 Study with Learn
heavily involved - elements to collaborate on: Vendor Welcome Packet/
Vendor Master File/ Spend Analysis/ Contract Management
Choose an answer
1.7 Departmental collaboration:
1 1.1 Leader 2
Purchasing
3 1.2 Outsourcing 4 1.2 Decentralized AP PRO
Don't know?
Terms in this set (50)
, 1.1 Leader less passive work / more active effort
delegation of tasks / accountability / focus on
1.1 Manager meetings outside of team and engagement with
higher management
number of direct reports (people reporting to
1.2 Span of Control
manager)
AP structure consisting of multiple geographical
1.2 Decentralized AP
locations
*Payment Flexibility
Redundancy of ops in event of disaster via other AP
loc. can fill in Strong local vendor relationship
1.2 Decentralized AP PRO *Easier cost allocation
*Performance accountability by site
*Greater op for staff promotion and transfer to other
departments
Segregation of duties difficult due to lower staff
levels Redundant ops expenses
*Multiple accounting systems w/out system
1.2 Decentralized AP CON communication functionality
Challenges in building AP teamwork across
locations Difficulty in combined AP spend analysis
across all loc.
All AP functional responsibilities reside with a single
1.2 Centralized AP
department in a single loc.
*Greater ability to segregate duties
*Op to increase efficiency and reduce costs through
elimination of redundant op and systems
Greater control over invoice and payment
1.2 Centralized AP PRO
processing Greater consistency of training
*Face-to-Face interaction among all AP employees;
improved team building
*Consistent payment performance for all invoices
APM.2 E-Textbook SG- Q&A
Practice questions for this set
Learn 1/7 Study with Learn
heavily involved - elements to collaborate on: Vendor Welcome Packet/
Vendor Master File/ Spend Analysis/ Contract Management
Choose an answer
1.7 Departmental collaboration:
1 1.1 Leader 2
Purchasing
3 1.2 Outsourcing 4 1.2 Decentralized AP PRO
Don't know?
Terms in this set (50)
, 1.1 Leader less passive work / more active effort
delegation of tasks / accountability / focus on
1.1 Manager meetings outside of team and engagement with
higher management
number of direct reports (people reporting to
1.2 Span of Control
manager)
AP structure consisting of multiple geographical
1.2 Decentralized AP
locations
*Payment Flexibility
Redundancy of ops in event of disaster via other AP
loc. can fill in Strong local vendor relationship
1.2 Decentralized AP PRO *Easier cost allocation
*Performance accountability by site
*Greater op for staff promotion and transfer to other
departments
Segregation of duties difficult due to lower staff
levels Redundant ops expenses
*Multiple accounting systems w/out system
1.2 Decentralized AP CON communication functionality
Challenges in building AP teamwork across
locations Difficulty in combined AP spend analysis
across all loc.
All AP functional responsibilities reside with a single
1.2 Centralized AP
department in a single loc.
*Greater ability to segregate duties
*Op to increase efficiency and reduce costs through
elimination of redundant op and systems
Greater control over invoice and payment
1.2 Centralized AP PRO
processing Greater consistency of training
*Face-to-Face interaction among all AP employees;
improved team building
*Consistent payment performance for all invoices
