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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. 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.
Accrual Basis of Accounting
Fiduciary Fund
Full Cost
Special Revenue Fund
2. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Data Warehouse
Activity- Based Costing (ABC)
Capital Improvement Plan (CIP)
Fund
3. 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
Original Budget
Governmental Funds
Capital Improvement
Encumbrance
4. 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.
Grant
Asset Inventory
General Fund
Expenditure
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 ).
Genaral Revenue Allocation
Overrealized Revenue
Indirect Project
Depreciation
6. 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 -
Contract or Contract Purchase Agreement (CPA)
Cash Basis of Accounting
Encumbrance
Org.
7. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Invoice
Internal Service Funds
Adopted Budget/Operational Plan
Commitment
8. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Obligation
General Fund
Supplier
Blanket Purchase Agreement
9. 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.
Purchase Requsition
Avoidable Cost
Unanticipated Revenue
Indirect Cost of Expense
10. 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
Project
Direct Expense
Physical Intentory
Appropriation
11. 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.
Encumbrance
Debt Service Funds
Standard Purchase Order
Indirect Cost or Indirect Expense
12. 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.
Expensed Inventory
Standard Purchase Order
Capital Project Fund
Change Letter
13. A separate financial reporting unit fo budgeting - management - or accounting purposes. All budgetary transactions are recorded in accounts
Deficit
Line-Item Budget
Account
Debt Service
14. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.
Obligation
Line Type
Award
Funds
15. The most recently baselined budget version of the budget.
Current Budget
Capital Improvement Plan (CIP)
Enterprise Fund
Debt Service Funds
16. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Internal Service Fund (ISF)
Internal Service Funds
Internal Service Fund (ISF)
Bond
17. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Service and Supplies
Special Revenu Fund
Overrealized Revenue
Force Account
18. 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
Direct Expense
Fund
Productive Time
Inventory Items
19. The Generally Accepted Accounting Principles( GAAP) promulgated by te Governmental Accountng Standards Board - which guide the recording and reporting of financial information by state and local governments.
Service and Supplies
Raw Cost
Adopted Budget/Operational Plan
Accounting Standards
20. 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.
Direct Cost or Direct Expense
Full Cost
Expenditure Type
Fiduciary
21. The difference between budgeted amounts and all actual and anticipated expenditures.
Funds Available
General Fund
Fund
Revenue
22. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Commitment
Unanticipated Revenue
Full Cost
Cost Applied
23. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Baseline Budget
Cash Basis of Accounting
Current Budget
Org.
24. 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).
Avoidable Cost
Expenditure Type
Capital Improvement Plan (CIP)
Estimated Revenue
25. Trust Fund and Agency Funds
Indirect Project
Appropriation
Program Budget
Fiduciary
26. The amount of revenue expected to accrue or to be collected during a fiscal year.
Fiduciary
Trust Fund
Internal Agreement
Estimated Revenue
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
Baseline
Depreciation
Internal Service Fund (ISF)
Release
28. A type of Purchase Order that is issued to specify agreed-to prices - delivery periods or other terms for goods or services that will be ordered ( released) for actual delivery later. A BPA is normally issued to cover a long-term agreement period suc
Bond
Capital Improvement
Blanket Purchase Agreement
Capital Project
29. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Line-Item Budget
Internal Service Funds
Full Tim Equivalency (FTE)
Average Balance
30. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Service and Supplies
Expensed Inventory
Cost Budget
Debt Service Funds
31. Units of work that can be broken down into one or more task to capture and related revenue.
Expenditure Type
Revenue
Project
Inventory Items
32. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Preliminary Budget
Capital Project Fund
Supplier
Full Tim Equivalency (FTE)
33. Accounts for the County's financial resources except those required to be accounted for in another fund.
Account
General Fund
Invoice
Purchase Order
34. A self-balancing set of accounts.
Fiduciary Fund
Award
Fixed Asset
Fund
35. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.
Funds
Cash Basis of Accounting
Deficit
Indirect Project
36. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.
Unanticipated Revenue
Asset Management
Debt Service
Direct Cost or Direct Expense
37. A type of purchasing document used to reference POs to a specific contract. It may include terms and conditions - agreed amounts - and an effective and expiration date.
Contract or Contract Purchase Agreement (CPA)
Commitment
Fiduciary Fund
Original Budget
38. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Direct Cost or Direct Expense
Current Budget
Internal Service Fund (ISF)
Revenue
39. 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.
Preliminary Budget
Governmental Funds
Indirect Project
Encumbrance
40. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Cost Budget
Release
Reserve
Enterprise Funds
41. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Expenditures
Preliminary Budget
Physical Intentory
Productive Time
42. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Asset
Contract or Contract Purchase Agreement (CPA)
Expenditure Type
Indirect Project
43. 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.
Avoidable Cost
Capital Project
Capital Improvement
Adopted Budget
44. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Grant
Cost Budget
Capital Assets
Capital Outlay Fund (COA)
45. An accounting device established to control receipts and disbursements set aside to support specific activities.
Special Revenu Fund
Commitment
Fund
Purchase Order
46. Fund is an independent fiscla and accounting entity.
Revenue
Fund
Inventory Item
Cost Applied
47. 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.
Debt Service
Project
Spending Funds
Service and Supplies
48. 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.
Purchase Requsition
Expensed Inventory
Grant
Asset Inventory
49. 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
Debt Service Funds
Invoice
Inventory Items
Current Budget
50. A grant - subsidy - revenue agreement - revenue contract - or specific funding which is allocated to an organization for a specific purpose(s) and can be used to fund one or more projects - An award is usually billed or invoiced to a Customer ( i.e.
Award
Indirect Cost or Indirect Expense
Activity- Based Costing (ABC)
Encumbrance Types