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Oracle Vocab

Subjects : oracle, it-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. The spread of an assets cost over the time period it is used.






2. When one department or fund desires services from another department or fund and the department or fund providing the service sgree to a scope of work and an estimated budget and schedule.






3. Those expenses which can be charged directly as a part of the cost of a product or service - or of a department or operating unit ( labor - equipment usage - materials - contractor payments - etc). These labor costs usually include only front-line or






4. The account structure an enterprise uses to record transactions and maintain account balances.






5. Appropriations and estimated revenue or an annual spending plan that is adopted by the Board of Supervisors( or the Board acting as the Board of Directors) pursuant to the Goverment Code - which balances revenues and expenditures.






6. Annual principal and interest payments that local government owes on borrowed money.






7. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.






8. Budget authority that is set aside when a purchase order or contract is approved. A limitation - reserve or obligations placed on a budget appropriation to pay for good or services that have been ordered by means of contracts - purchase orders - IA -






9. The financial plan in terms of the costs of activities to be undertaken to achieve specific goals and objectives - which form a department's operational components.






10. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.






11. Contributions or gifts of cash or other assets from another government or agency to be used or expended for a specified purpose - activity or facility.






12. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.






13. Is derived from taxes - licenses - fees - and investment earnings.






14. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.






15. A self-balancing set of accounts.






16. The amount of revenue expected to accrue or to be collected during a fiscal year.






17. An accounting device established to control receipts and disbursements set aside to support specific activities.






18. Non-Capital Project. Non productive time as a type of indirect project to track paid time off. Printing - mails - purchasing - contracting - fleet - facilities. and admin projects ( overhead - training - travel - etc ).






19. Elements of cost necessary in the production of an article of the performance of a services - but an integral part of the finished product or service - such a rent - heat light - supplies - management - second-level supervision. Can refer to Departme






20. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.






21. Assures suppliers that sufficient funds wil be available once the order is filled. Also are known as obligations and commitments - and only become expenditures when paid or when the actual liability is recorded.






22. A unit with budgetary control and/or management responsibilities for financial transactions. Represents the 'cost center'qualifier segment required in Oracle and is at the trasactional level of input( child).






23. With separate revenue - expenditures - and fund balances. A legal independet fiscal and accounting entity - to record its cash and other resources and equties - assets - liabilities - reserves and surplus ( fund balance) as well as its income and exp






24. A standard procurement document issued for delivery of specified goods or services on specified dates at specified locations. A PO is normally a one-time transaction.






25. Trust Fund and Agency Funds






26. When the PO is created from the Requisiton in Purchasing. This action then relieves the Commitment encumbrance that was created by the Requsition and creates an Obligation.






27. One or more funds that account for the goods and services provided by one department to another within a government on a cost-reimbursement basis. ( General Services Facilities Management - Fleet Maintenance - and Document Services ISF) will budget a






28. The amount of revenue expected to accrue or to be collected during a fiscal year.






29. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.






30. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.






31. Fund is an independent fiscla and accounting entity.






32. The budget amounts for a project at the first successful Baselining of the project.






33. A non-asset inventory that has already been expensed to a final use account and is thus carried and tracked as a on hand balance only - with an accounting value of zero.






34. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.






35. Funds that account for resources that government hold in trust for individuals or other governments. Examples include the Community Services Trust Fund for Developer deposit and School District Funds tha are included in the County Investment Pool.






36. Those expenses which can be charged directly as a part of the cost of a product or service - or of a department or operating unit - as distiquished from overhead and other indirect costs which most be prorated among several products or services - dep






37. A separate fund established to account for services that are supported primarly by service charges. They are similar to private business enterprise - where the costs of providing goods or services to the general public or to customer departments on a






38. A promise to repay borrowed money on a particular date - often ten or twenty years in the future; most bonds involve a promise to pay a specified dollar amount of interest at predetermined intervals. Bonds are a mechanism used to obtain long-term fin






39. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.






40. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.






41. A method employed in the constructon and /or maintenance of projects and activities - wherby the County's own personnel are used to perform the services - instead of an outside contractor. This method may also call for the purchase or use of the Coun






42. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.






43. An Actual order(sub-order) of goods and services issued against a Blanket Purchase Agreement (BPA) for actual delivery with specified quantities - dates and the accounting information.






44. Enterprise Funds - Internal Service Fund






45. A legal authorization to make expenditures or to enter into obligations for specific purposes. An appropriation is usually limited in amount for each department or fund of the County and as to the time when it may be expended - normally only during t






46. Expiration in the service life of capital assets - other than wasting assets - attributable to wear and tear - deterioration - action of the physical elements - idadequacy - and obsolescence.






47. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines - and fund balances. Can be used for any purpose that is a legal expenditure of County Funds. The Board of Supervisors controls their usage.






48. A five-year list of planned capital projects - developed by the Department of General Services.






49. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.






50. An accounting method is used to allocate the costs associated with an activity to the individuals - groups - or organizations benefiting from that activity. Costs are based on activites rather than accounting data.