CPPS - Study Guide Exam Questions with Complete Solutions

CPPS - Study Guide Exam Questions with Complete Solutions Responsible for ensuring all property related policies and procedures are followed, usually the authority behind the Property Manager - Answer-Chief Financial Officer (CFO) Working with the Property Manager, publishes policy as it relates to financial records of an organization - Answer-Controller's Office Identifies the need for property - Answer-Program/Project Manager Property Management Office (PMO) - Answer-Has the responsibility and role of ensuring and effective property control system is established/maintained while ensuring all property is controlled and managed IAW sound business practices In charge of property within unit or department consolidating property activity while informing the PMO via transaction recorded in the property database - Answer-Departmental Property Administrator Responsible for the assets within a group who instructs users of their role and responsibilities while property is in the care, custody, and control of end user - Answer-Property Custodian Assigned the task of reporting receipt, identification, movement, disposal, maintenance, and other events/creates system transaction or verbal communication - Answer-Asset/End Users Eyes and ears of the Property Manager - Answer-Asset/End Users Responsible for verifying the existence of property, confirming serial numbers, property location, condition, excess equipment. Also reconciles inventory data to property records while adjusting records to accommodate discrepancies. - Answer-Physical Inventory Group When are property records modified? - Answer-Throughout the entire lifecycle of a particular item/assett What are the necessary elements to create a property record - Answer-- Asset identification - Asset description - Manufacturer - Serial Number - Model Number - Asset location - Assignment of responsibility of asset - Asset acquisition cost/date - Acquisition method and reference i.e purchase order, donation, etc.. - Date of receipt