NPMA CPPS Certification Exam Questions and Answers 100% Pass

NPMA CPPS Certification Exam Questions and Answers 100% Pass The exercise of a retaining or governing influence over the acquisition, use, and disposition of personal property - Answer- Property Management Property Accounting, Fixed Asset Accounting, Inventory Control, Material, Property Control, Asset Management. - Answer- Property Control Variety of Names Department within an org that is responsible for controlling or managing property - Answer- Property Management Office PMO PMO is headed by - Answer- Property Manager establishing, guiding, managing, and maintaining an efficient property system, communicating effectively with other departments and functions, and developing and presenting training in property related subjects - Answer- Property Manager is responsible for: Property Management Personnel, processes, and mgmt info. systems (MIS). (Written policies, procedures, operational guidelines, and related records, and MIS that facilitates these functions). - Answer- Property Control System is comprised of have a working relationship with all sponsor reps - Answer- If org contracts with the government, property manager must Having legal or rightful title to property - Answer- Ownership Property is either owned by or provided. - Answer- either owned by the org or is provided by a sponsor under some kind of agreement (sponsor has ownership). make any and all decisions regarding the property - Answer- Ownership of property allows the owner to making and implementing effective decisions regarding the property - Answer- It is the property professional job to support the property owner in documented in a formal agreement between the provider and the recipient (contract, grant) - Answer- Duties, responsibilities, and potential penalties should be means to posses and have use of the property of another with delegated duties and responsibilities, subject to penalty in case of default. - Answer- Accountability do not have legal or rightful title to the property - Answer- Those accountable provider, recipient, specific duties and responsibilities, and penalties in case of default - Answer- Key elements of property accountability Contractor is accountable to government. If gov. provides funding to acquire the property, NASA is accountable to government. - Answer- Who is accountable to who for property? When accountability shifts from one entity to another.... may or may not include physical relocation of assets, but will always include a change in accountability for the property - Answer- Transfer of accountability both must have appropriate levels of mgmt authority approval, and both contracting officers need to approve - Answer- Approvals for giving and accepting orgs must be obtain before the transfer occurs, in writing, either within award doc, a letter, or email, and made part of the file for audit trail - Answer- Approvals for transfers date of transfer, the purpose of the transfer, description of property, contract numbers - Answer- transfer doc must include These occur routinely within orgs, usually result of org changes, shift of work between departments, or excess assets are needed by another department - A