CPPS Mod 1 Complete Study Guide with Verified Answers| 100% Correct| Grade A+

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) -Reutilization of excess property -Compliance of internal and external procedures -Value of organization