NPMA CPPS CERTIFICATION EXAM WITH GUARANTEED ACCURATE ANSWERS 2024
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Course
NPMA CPPS Certification
Institution
NPMA CPPS Certification
NPMA CPPS CERTIFICATION EXAM WITH GUARANTEED ACCURATE ANSWERS 2024
Property Management - Accurate AnswerThe exercise of a retaining or governing influence over the acquisition, use, and disposition of personal property.
Property Control Variety of Names - Accurate AnswerProperty Accounting, F...
NPMA CPPS CERTIFICATION EXAM
WITH GUARANTEED ACCURATE
ANSWERS 2024
Property Management - Accurate Answer ✅✅The exercise of a retaining or governing influence over the
acquisition, use, and disposition of personal property.
Property Control Variety of Names - Accurate Answer ✅✅Property Accounting, Fixed Asset Accounting,
Inventory Control, Material, Property Control, Asset Management.
Property Management Office PMO - Accurate Answer ✅✅Department within an org that is responsible
for controlling or managing property.
Property Manager - Accurate Answer ✅✅PMO is headed by,
Property Manager is responsible for: - Accurate Answer ✅✅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.
Property Control System is comprised of - Accurate Answer ✅✅Property Management Personnel,
processes, and mgmt info. systems (MIS). (Written policies, procedures, operational guidelines, and
related records, and MIS that facilitates these functions).
If org contracts with the government, property manager must - Accurate Answer ✅✅have a working
relationship with all sponsor reps.
Ownership - Accurate Answer ✅✅Having legal or rightful title to property.
either owned by the org or is provided by a sponsor under some kind of agreement (sponsor has
ownership). - Accurate Answer ✅✅Property is either owned by or provided.
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Ownership of property allows the owner to - Accurate Answer ✅✅make any and all decisions regarding
the property.
It is the property professional job to support the property owner in - Accurate Answer ✅✅making and
implementing effective decisions regarding the property.
Duties, responsibilities, and potential penalties should be - Accurate Answer ✅✅documented in a formal
agreement between the provider and the recipient (contract, grant).
Accountability - Accurate Answer ✅✅means to posses and have use of the property of another with
delegated duties and responsibilities, subject to penalty in case of default.
Those accountable - Accurate Answer ✅✅do not have legal or rightful title to the property.
Key elements of property accountability - Accurate Answer ✅✅provider, recipient, specific duties and
responsibilities, and penalties in case of default.
Who is accountable to who for property? - Accurate Answer ✅✅Contractor is accountable to
government. If gov. provides funding to acquire the property, NASA is accountable to government.
Transfer of accountability - Accurate Answer ✅✅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.
Approvals for giving and accepting orgs - Accurate Answer ✅✅both must have appropriate levels of
mgmt authority approval, and both contracting officers need to approve
Approvals for transfers - Accurate Answer ✅✅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
transfer doc must include - Accurate Answer ✅✅date of transfer, the purpose of the transfer, description
of property, contract numbersPowered by TCPDF (www.tcpdf.org)
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