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