CPPS Final Exam Study Guide Property Management with Verified Answers| 100% Correct| Grade A+

CPPS Final Exam Study Guide Property Management with Verified Answers| 100% Correct| Grade A+ CHAPTER 6 - MOVEMENT - Movement Definition - -The act or process of moving -A change of place or position -The physical relocation of property from one area to another Movement of assets must ensure: - the physical protection of the assets and accurate changes of the location on the property record The Process of Movement (from warehouse) - 1. Request for items to be removed from warehouse with management approval 2. Warehouse ensures proper documentation, the record updates, and appropriate handling 3. Shipping in appropriate container Off-Site Movements - Need approval, must be only for authorized use, person is liable/responsible, must be returned for inventory Why Do We Have Property Movement Documents? - Movement documents or electronic transactions must be posted to the property record and retained in the property management files for audit purposes Types of Property Movement Documents - TRASFER AND ACCOUNTABILTY FORM -to record mvt of prop. and transfer acct. HAND RECEIPT -mvt between inventory point and user EQUIPMENT LOG-OUT FORM -used to track short term mvt