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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. 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






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






3. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.






4. 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.






5. 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).






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






7. 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.






8. 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






9. 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






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






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






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






13. 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.






14. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.






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






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






17. Accounts for assets held by government in a trustee capacity for public employement retirement systems.






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






19. Are established by the Board of Supervisors and include Airports - Wastewater Management and Transit Enterprise Funds - County Sanitation Districts and various Internal Service Funds ( General Services Fleet Maintenance - Facilities Management and Do






20. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.






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






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






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






24. 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 ).






25. 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.






26. 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.






27. 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.






28. 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






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






30. A self-balancing set of accounts.






31. A payment of money or other assets from one governmental unit to another - from a governmental unit to a not-for-profit agency - or from a not-for-profit agency to a government. Often earmarked for a specific purpose or program.






32. 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.






33. 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






34. Trust Fund and Agency Funds






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






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






37. A separate financial reporting unit fo budgeting - management - or accounting purposes. All budgetary transactions are recorded in accounts






38. 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.






39. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.






40. 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 -






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






42. 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.






43. 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.






44. 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.






45. 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.






46. The spread of an assets cost over the time period it is used.






47. 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.






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






49. 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.






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.






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