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Test your basic knowledge |
Oracle Vocab
Start Test
Study First
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. 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
Adopted Budget/Operational Plan
Direct Cost or Direct Expense
Force Account
Deficit
2. A budget format prescribed by the State Controller. Shows activities grouped by functional organization units - such as departments. The term line-items refers to account and sub-account detail typically provided for revenue by source ( e.g property
Direct Cost or Direct Expense
Grant
Physical Intentory
Line-Item Budget
3. The amount of direct and indirect costs that would be reduced or eliminated if a service currently provided by County staff were to be provided by contract. These costs are typically include all direct and variable costs - as well as any portions of
Avoidable Cost
Accrual Basis of Accounting
Productive Time
Award
4. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Appropriation
Debt Service
Pension and other employee benefit Trust Fund
Fund
5. 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 ).
Revenue
Depreciation
Indirect Project
Expenditure Type
6. Expenditures related to the acquisition - expansion - or rehabilitatin of major fixed assets - such as land - buildings - structures - and certain types of equipment; remodeling/upgrades which improve or enhance the use of an existing facility or spa
Debt Service Funds
Capital Improvement
Revenue
Unanticipated Revenue
7. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.
Revenue
Data Warehouse
Invoise Types
Fund
8. The spread of an assets cost over the time period it is used.
Award
Depreciate
Enterprise Fund
Project
9. The additional to cash or other current assets of governmental funds( receipts) which do not increase any liability or reserve and do not represent the recovery of an expenditure from services to others ( reimbursements).
Revenue
Standard Purchase Order
Expensed Inventory
Award
10. The version of the Operations Plan that is formally approved and implemented by the Board of Supervisors after the proposed Operational Plan has gone through a process of Change Letters - public hearing - and deliberations.
Capital Improvement
Adopted Budget/Operational Plan
Fund
Cost Budget
11. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.
Estimated Revenue
Unanticipated Revenue
Activity- Based Costing (ABC)
Data Warehouse
12. The term used for major contsruction projects - the acqusition of land - and the investment in major Capital Assets in the County. The project assets are of significant value and have a useful life of five years or more. Imcude the purchase of land -
Direct Cost or Direct Expense
Fund
Invoice
Capital Project
13. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Productive Time
Proprietary Funds
Depreciation
Depreciate
14. 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.
Depreciation
Funds
Supplier
Line Type
15. An initial building of the budget using a base year usually the second of the prior year's Operational Plan) for non salary related accounts and recalculated salary and benefits costs based on current positions loaded into BRASS from PeopleSoft.
Fund
Preliminary Budget
Blanket Purchase Agreement
Average Balance
16. A five-year list of planned capital projects - developed by the Department of General Services.
Capital Improvement Plan (CIP)
Original Budget
Productive Time
Capital Improvement
17. Is derived from taxes - licenses - fees - and investment earnings.
Capital Projects Funds
Governmental Funds
Revenue
Fund
18. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Account Segment
Internal Agreement
General Purpose Revenue
Fiduciary Fund
19. 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.
Invoise Types
Project
Baseline Budget
Program Budget
20. Assets - which are intended to be held or used for an extended periof of time - such as land - buildings - structures - machinery - furniture - and other equipment. Any piece of equipment costing $5 -000 or more must be purchased as a fixed asset.
Fixed Asset
Purchase Requsition
Estimated Revenue
Asset Management
21. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).
Accounting Standards
Encumbrance Types
Capital Outlay Fund (COA)
Debt Service
22. An account that contains money set aside for a legaly restricted specifi future use.
Internal Service Fund (ISF)
Reserve
Internal Service Fund (ISF)
Baseline Budget
23. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Internal Service Fund (ISF)
Fiduciary
Service and Supplies
Adopted Budget/Operational Plan
24. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Purchase Requsition
Bond
Supplier
Org.
25. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.
Unanticipated Revenue
Deficit
Grant
Indirect Cost or Indirect Expense
26. The Board of Supervisors approved an annual spending plan for proprietary funds. The adopted expense estimates are not appropriations - their budgetary controls are the same as those of governments funds.
Purchase Requsition
Capital Budget
Cost Budget
Spending Funds
27. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Full Tim Equivalency (FTE)
Enterprise Funds
Genaral Revenue Allocation
Spending Funds
28. Is a written record for goods or services provided or request for payment. A summarized list of charges and other information that is recorded in Account Receivalbe - can be printed - and can be sent to a customer to request payment or reimbursement.
Cost Budget
Fund
Invoice
Deficit
29. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Avoidable Cost
Reserve
Special Revenu Fund
Enterprise Funds
30. A fund used to account for assets held by a government in a trustee capacity for individuals - private organizations - other governments and/or other funds.
Fiduciary
Capital Project Fund
Capital Project
Trust Fund
31. The amount of revenue expected to accrue or to be collected during a fiscal year.
Baseline Budget
Estimated Revenue
Enterprise Funds
Direct Expense
32. An internal request for goods or services. A requisiton can originate from an employee or from another process. Each requition can include many lines - generally with a distict item on each requisition line.
Account Segment
Purchase Requsition
Full Tim Equivalency (FTE)
Baseline Budget
33. 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.
Line Type
Full Cost
Adopted Budget
Fiduciary Fund
34. 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
Preliminary Budget
Blanket Purchase Agreement
Internal Service Fund (ISF)
Internal Agreement
35. Enterprise Funds - Internal Service Fund
Capital Improvement Plan (CIP)
Reserve
Proprietary Funds
Internal Agreement
36. 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.
Blanket Purchase Agreement
Encumbrance
Estimated Revenue
Special Revenue Fund
37. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Asset Inventory
General Fund
Physical Intentory
Service and Supplies
38. Governmental funds established to accont for financial resources used for the acqusition or construction of major capital facilities ( other than those accounted for in proprietary funds).
Expenditure Type
Expensed Inventory
Capital Projects Funds
Depreciation
39. The of the cost of a fixed asset - other than a wasting asset - charged as an expense during a particular period. The cost of a fixed asses less any salvage value is prorated over the estimated service life of such an asset - and each period is charg
Capital Projects Funds
Proprietary Funds
Depreciation
Indirect Cost or Indirect Expense
40. 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).
Project
Org.
Debt Service Funds
Inventory Item
41. Land - improvements to land - buildings - building improvements - vehicles - machinery - equipment - works of art and historical treasures - infrastructure - and all other tangible or intangible assets that are used in operations and that have initia
Capital Assets
Accrual Basis of Accounting
Bond
Productive Time
42. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Adopted Budget/Operational Plan
Special Revenu Fund
Debt Service
Productive Time
43. 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.
Obligation
Asset Management
Grant
Debt Service
44. One of two classes of projects to be used by the County. Capital projects capture costs ( including depreciation) and revenue associated with the construction or acquisition of infrastructure ( i.e. road improvements bridges - etc) - buildings - othe
Capital Project
Purchase Requsition
Fiduciary Fund
Preliminary Budget
45. The difference between a fund's assets and its liabilites. A surplus or deficit of assets over liabilites and reserves within a specific fund or organizational unit. A comparison of projected ependitures and revenues with related appropriations. Port
Fund Balance
Spending Funds
Depreciate
Line Budget Item
46. The major fund in most government unit - the General Fund accounts for all activities not accounted for in other funds. Most functions such as Public Safety or Health Services and Human Resources are accounted for in the General Fund.
Revenue
Fiduciary
Line-Item Budget
General Fund
47. Accounts for the accumulation for and the payment of general long-term principal and interest.
Expenditure
Debt Service Funds
Cost Budget
Full Cost
48. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Special Revenu Fund
Cost Applied
Proprietary Funds
Account
49. To approve an award budget for use in reporting and accounting.
Baseline
Capital Project
Indirect Cost or Indirect Expense
Special Revenue Fund
50. An Inventory carried on accounting records as an asset whose stock items are valued at their unit cost times their quantity on hand - and the stock value is not expensed to a final user account until the material is issued to that user.
Inventory Items
Asset Inventory
Debt Service Funds
Enterprise Fund