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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. 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.






2. 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






3. Includes the all elements of cost for the production of a good or service - including direct - indirect - and overhead costs. Full cost includes raw costs - plus all apllicable burden costs for raw labor.






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






5. Those elements of cost necessary in the production of an article or the performance of a service but no an integral part of the finished product or service - such as rent - heat - light - supplies - management - supervision - etc.






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






7. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.






8. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.






9. 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.






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






11. Items stocked in an inventory and controlled by tracking the quantity and value of each item. Typically - each item is considered an 'asset' until it is issued or adjusted ( expensed) out of the inventory. The value of the item is equal to the curren






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






13. 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 ).






14. 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






15. An anticipated expenditure as indicated by approval of requistion. Oracle Purchasing will send commitments to the General Ledger and Projects and Grants and it will be recorded as an encumbrance type.






16. A classification of cost that is assigned to each expenditure items. Expenditure types are grouped into cost groups ( expenditure categories) and revenue groups ( revenue categories).






17. The most recently baselined budget version of the budget.






18. 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.






19. 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.






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






21. A budget Format prescribed by the State Controller. Refers to account and sub-account detail typically provided by revenue source - and objects of expenditures based on the types of goods or services(salaries & benefits - services & supplies - other






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






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






24. Fund is an independent fiscla and accounting entity.






25. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.






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






27. Items that are stocked in intentory. Inventory is controlled by quantity and value. Remains an asset until it is consumed. The cost of an intentory items is recognized as an expense when it is consumed or sold.






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






29. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.






30. A self-balancing set of accounts.






31. A type of purchase order that can be issued for delivery of goods or services for specific dates and locations. Each standard purchase order line can have multiple shipments and ca distribute the quantity of each shipment across multiple accounts.






32. Units of work that can be broken down into one or more task to capture and related revenue.






33. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.






34. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.






35. To approve an award budget for use in reporting and accounting.






36. 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






37. 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.






38. 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






39. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).






40. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -






41. Does not include paid or unpaid leave - work performed on behalf of a busness entity which is required for that entity to fullfil its business purpose.






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






43. 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






44. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.






45. 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






46. A fund used to account for the financing of good or services provided by one department to other departments of the County - or to other governmental units - on a cost-reimbursement basis.






47. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD






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






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






50. 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