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CAPA Certified Accounts Payable Associate VIP Exam

CAPA — The Certified Accounts Payable Associate (CAPA) credential is issued by the Institute of Finance and Management (IOFM); the exam consists of approximately 100 multiple-choice questions, requires a 75% passing score, and covers AP operations, invoice and payment processing, vendor management, internal controls, compliance, and technology.

30
Questions
120m
Time Limit
75.00%
To Pass
Question 1 of 30👑 VIP

Your company receives a vendor invoice for $14,750. When your AP team attempts to match it to the purchase order, they discover the PO was issued for $14,500 — a $250 discrepancy. The vendor contract specifies a 2% tolerance threshold. Which of the following is the MOST appropriate next step?

Questions 2–30 and full explanations are VIP-exclusive.