Exam (elaborations)
NPMA Property Management CPPS Exam (1)
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NPMA Property Management CPPS Exam (1)
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NPMA Property Management CPPS ExamThe exercise of a restraining or governing influence over the acquisition , use , and disposition
of personal property - ANS-Property Management
Property control, Asset Management, fixed-asset accounting, inventory control, material -
ANS-Property control function names
Property Management Office - ANS-PMO
establishing, guiding, managing, and maintaining an efficient property system, communicating
effectively with other departments and functions, and developing and presenting training in
subjects relating to property. - ANS-PMO responsibilities
The establishment and maintenance of a property control system - ANS-PMO responsibilities
comprised of - ANS-Property Control System
A - ANS-Primary difference between accountability and responsibility
To whom are you accountable for the property - ANS-Who is accountable for the property
- ANS-Transfer of Accountability
not always physical, require approval, approval record is part of historical file and audit trail -
ANS-Transfers
both releasing and gaining agency verify accuracy - ANS-Transfer between contracts
Means to be answerable for a trust or obligation
-If you have a car, loaned it to someone, they dont own, but are answerable to you. (Gas,
accident, etc). So it is a trust, and they are answerable.
It is possible to be responsible for the property - ANS-Responsibility
to be answerable for a trust or obligation. - ANS-What does responsibility mean
Provides a mechansim through whic an org can define and plan for its property needs and be
able to acquire, manage, and dispose of property to meet them in a cost effective and efficient
manner - ANS-Effective Property Control System
ensures assets are controlled, maintained, protected, preserved - ANS-PMO primary
responsibilities
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