CPPS Exam (Chapters 1-11) Questions and Answers 100% Solved

CPPS Exam (Chapters 1-11) Questions
and Answers 100% Solved

Assigned the task of reporting, receipt, movement, etc of assets through systems transactions.

Program Manager

Property Management Office

Asset User

Department Head - ✔✔Property Management Office



Persons within the program organizations who identifies a need for property.

Program Manager

Property Management Office

Asset User

Department Head - ✔✔Asset User



Ensures that personnel within their units follow policies and procedures

Program Manager

Property Management Office

, Asset User

Department Head - ✔✔Department Head



Which element of the property control system is crucial to the entire process? (1-7)



Asset Accounting entries

Asset Records

Financial records

Receiving logs - ✔✔Asset Records



Property records are modified during the entire life cycle of property items according to the
recordkeeping requirements for each type of property and the organization's Policies and
Procedures. (17) - ✔✔Policies and Procedures



When an asset is capitalized, which three of the following data elements should be included? (1-9)



Useful life

Depreciation method

General ledger account

Appreciation index - ✔✔-Useful life

-Depreciation method

-General ledger account



Vendor name, estimated cost, budget codes

A.)Procurement

B.)Receiving

C.)Accounts Payable

D.)Put In Service

E.)Disposition - ✔✔Procurement