NPMA CPPS CERTIFICATION (ACTUAL
2025/2026) UPDATED QUESTIONS WITH
VERIFIED CORRECT ANSWERS
Property Management
The exercise of a retaining or governing influence over the
acquisition, use, and disposition of personal property
Property Control Variety of Names
Property Accounting, Fixed Asset Accounting, Inventory
Control, Material, Property Control, Asset Management.
Property Management Office PMO
Department within an org that is responsible for controlling or
managing property
Key factors in deciding which property structure model to use
- Type and volume of property managed
- Compliance requirements and risk
- current levels of compliance vs desired level of compliance
-geography of service areas
,- number of and skill sets of property staff
-complexity of business processes and data mgmt systems
- financials resources
- time available to be dedicated by people who have property
responsibility through the org
Key participants in property management
CFO, Controller, PM, PMO, Directors, Departmental property
administrator, prop custodian, asset (end) users, physical
inventory group
PMO has the responsibility of
ensuring an effective property control system is established
and maintained.
Records
is crucial to the entire process.
It is through records that
, the existence of all property under the jurisdiction of the PMO
is established and verified.
Property records are updated
during the entire life cycle of property items according to the
record keeping requirements for each type of property and the
orgs policies and procedures.
Usually necessary to retain all purchase documentation for
for the life of the asset
Normally, the responsibility will remain with who
a department head, manager or custodian. OPP defines who is
responisible
Acquisition cost includes
all costs associated with an item including shipping, taxes,
and installation.
2025/2026) UPDATED QUESTIONS WITH
VERIFIED CORRECT ANSWERS
Property Management
The exercise of a retaining or governing influence over the
acquisition, use, and disposition of personal property
Property Control Variety of Names
Property Accounting, Fixed Asset Accounting, Inventory
Control, Material, Property Control, Asset Management.
Property Management Office PMO
Department within an org that is responsible for controlling or
managing property
Key factors in deciding which property structure model to use
- Type and volume of property managed
- Compliance requirements and risk
- current levels of compliance vs desired level of compliance
-geography of service areas
,- number of and skill sets of property staff
-complexity of business processes and data mgmt systems
- financials resources
- time available to be dedicated by people who have property
responsibility through the org
Key participants in property management
CFO, Controller, PM, PMO, Directors, Departmental property
administrator, prop custodian, asset (end) users, physical
inventory group
PMO has the responsibility of
ensuring an effective property control system is established
and maintained.
Records
is crucial to the entire process.
It is through records that
, the existence of all property under the jurisdiction of the PMO
is established and verified.
Property records are updated
during the entire life cycle of property items according to the
record keeping requirements for each type of property and the
orgs policies and procedures.
Usually necessary to retain all purchase documentation for
for the life of the asset
Normally, the responsibility will remain with who
a department head, manager or custodian. OPP defines who is
responisible
Acquisition cost includes
all costs associated with an item including shipping, taxes,
and installation.
