CPPS Mod 1 Complete Study Guide Questions and Answers 100% Solved

CPPS Mod 1 Complete Study Guide Questions and Answers 100% Solved Maximize return of Investment Facilitate Compliance Maximize reutilization Depreciation expense - Benefits of an Effective Property Function Other names of Property Accounting - - Fixed asset accounting Inventory Control Material/Property Control Three key concepts of Property Management - - Ownership Accountability Responsibility Records - - Crucial element of Property Control Management Begin during acqusition process, continues through every related transaction to include protection, preservation, utilization, maintenance and disposition - Records Cornerstone of effective Property Control - Communication, to include routine or special purpose reports, and Training Benefits gained by efficient property management - - Return of Investment (ROI)