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 1 / 3
- number of and skill sets of property staff
- financials resources
- time available to be dedicated by people who have property
-complexity of business processes and data mgmt systems
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 2 / 3
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.
- / 3