COAST GUARD PROPERTY
MANAGEMENT PRACTICE
TEST COMPLETE
Question 1: Which statement best describes Coast Guard personal property for
management purposes?
Choices:
1) Only land and permanently installed buildings 2) Federal property other than real property that is managed through its life cycle 3) Only consumable supplies purchased with appropriated funds 4) Only property with an acquisition cost above a capitalization threshold Correct Answer: Federal property other than real property that is managed through its life cycle Explanation: Personal property is Federal property other than real property. Coast Guard property management covers accountable tangible and certain intangible assets throughout acquisition, use, transfer, and disposition.Page 1
Question 2: Which o�ce is identi�ed in the Coast Guard Personal Property Management Manual as the Property Management O�cer for personal property?
Choices:
1) Commandant (CG-844) 2) Commandant (CG-711) 3) Commandant (CG-751) 4) Commandant (CG-09224)
Correct Answer: Commandant (CG-844)
Explanation: Commandant (CG-844) is assigned overall personal property policy and management responsibilities, including accountability procedures and the Coast Guard property system of record.
Question 3: What is a principal FINCEN responsibility in Coast Guard personal
property management?
Choices:
1) Approve every unit physical inventory count personally 2) Maintain Coast Guard �nancial data integrity in Oracle Fixed Asset Module and process appropriate capital asset entries 3) Serve as the o�cial historian for heritage assets 4) Designate each unit Property Custodian Correct Answer: Maintain Coast Guard �nancial data integrity in Oracle Fixed Asset Module and process appropriate capital asset entries Explanation: FINCEN supports the accounting side of property management by maintaining �nancial data integrity in Oracle FAM and processing appropriate entries for capital assets.Page 2
Question 4: Who designates a unit Accountable Property O�cer in writing?
Choices:
1) The Property Administrator 2) The General Services Administration 3) The unit CO, OIC, or unit-level supervisor 4) The unit Property Custodian
Correct Answer: The unit CO, OIC, or unit-level supervisor
Explanation: The Coast Guard manual assigns the CO, OIC, or unit-level supervisor responsibility for designating the Accountable Property O�cer in writing.
Question 5: Who normally designates Property Administrators and Property
Custodians for custodial areas?
Choices:
1) The Accountable Property O�cer 2) The Finance Center 3) The senior inventory counter 4) The General Services Administration
Correct Answer: The Accountable Property O�cer
Explanation: The APO is responsible for designating PAs and PCs in writing by name or billet assignment for the appropriate custodial areas.Page 3