SCMOC Inventory Procedures Questions And
Answers Rated A+
state in writing the difference between the various types of inventories. Vol 4 Ch2 ANS Spot-One
time physical inventory
Cyclic- Reoccurring program adding up to 100% over the course of a year.
Annual-Wall to wall (everything)
identify the procedures required to conduct a spot inventory ANS 1. Outside of scheduled
inventories
2. Known or suspected GCSS and on Hand discrepancies
3. May be originated by the SMU.
4. Not posted.
explain in writing the procedures for directing the inventory of on-hand items (you are the supo
checking in to that acc and you want inventory) ANS 1.) Before you begin the inventory, you
must ensure that all transactions that affect the on-hand balances of the property records have been
processed
2.) Freeze the Account o
3.) You must develop a spreadsheet to asslist you in accounting for all the equipment.
state in writing how often Individual Memorandum Receipts will be reconciled against the unit Alpha
roster ANS Monthly with the alpha
quarterly with the MAL
identify the type of equipment that would be issued on an Individual Memorandum Receipt ANS
Government or unit issued property loaned to you only.
Answers Rated A+
state in writing the difference between the various types of inventories. Vol 4 Ch2 ANS Spot-One
time physical inventory
Cyclic- Reoccurring program adding up to 100% over the course of a year.
Annual-Wall to wall (everything)
identify the procedures required to conduct a spot inventory ANS 1. Outside of scheduled
inventories
2. Known or suspected GCSS and on Hand discrepancies
3. May be originated by the SMU.
4. Not posted.
explain in writing the procedures for directing the inventory of on-hand items (you are the supo
checking in to that acc and you want inventory) ANS 1.) Before you begin the inventory, you
must ensure that all transactions that affect the on-hand balances of the property records have been
processed
2.) Freeze the Account o
3.) You must develop a spreadsheet to asslist you in accounting for all the equipment.
state in writing how often Individual Memorandum Receipts will be reconciled against the unit Alpha
roster ANS Monthly with the alpha
quarterly with the MAL
identify the type of equipment that would be issued on an Individual Memorandum Receipt ANS
Government or unit issued property loaned to you only.
