SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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 five-year list of planned capital projects - developed by the Department of General Services.
Purchase Order
Capital Improvement Plan (CIP)
Full Cost
Capital Projects Funds
2. Fund is an independent fiscla and accounting entity.
Accrual Basis of Accounting
Full Tim Equivalency (FTE)
Fund
Invoise Types
3. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.
Avoidable Cost
Cost Applied
Estimated Revenue
Unanticipated Revenue
4. 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 ).
Award
Indirect Project
Release
General Purpose Revenue
5. 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.
Line Budget Item
Preliminary Budget
Adopted Budget/Operational Plan
Accrual Basis of Accounting
6. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Fund
Governmental Funds
Capital Outlay Fund (COA)
Encumbrance Types
7. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Fixed Asset
Commitment
Data Warehouse
Invoice
8. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.
Enterprise Funds
Asset Management
Line Budget Item
Funds
9. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Capital Improvement Plan (CIP)
Capital Budget
Change Letter
Release
10. 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
Capital Assets
Bond
Fund Balance
Pension and other employee benefit Trust Fund
11. 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
Capital Improvement
Governmental Funds
Internal Service Fund (ISF)
Preliminary Budget
12. 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.
Revenue
Special Revenue Fund
Program Budget
Capital Improvement
13. 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
Original Budget
Account Segment
Blanket Purchase Agreement
Revenue
14. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
Productive Time
Org.
Line Type
Force Account
15. As a political subdivision of the State of California - the County is governed by a five- member Board of Supervisor - which has legislative and executed authority. Each member of the Board of Supervisors is elected by geographic district.
Board of Supervisors
Adopted Budget
Asset Management
Expensed Inventory
16. 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 -
Special Revenu Fund
Encumbrance
Expenditure
Raw Cost
17. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Special Revenu Fund
Fund
Service and Supplies
Capital Outlay Fund (COA)
18. 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.
Fund
Pension and other employee benefit Trust Fund
Debt Service
Expensed Inventory
19. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Supplier
Debt Service Funds
Indirect Cost of Expense
Baseline Budget
20. 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
Capital Project
Avoidable Cost
Change Letter
Full Tim Equivalency (FTE)
21. 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
General Purpose Revenue
Inventory Items
Special Revenue Fund
Fund
22. 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.
Cost Budget
Commitment
Indirect Cost or Indirect Expense
Fiduciary
23. 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
Current Budget
Data Warehouse
Capital Project
Cost Budget
24. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Revenue
Line-Item Budget
Fund
Debt Service
25. 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).
Org.
Capital Improvement
Capital Improvement Plan (CIP)
Cash Basis of Accounting
26. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Unanticipated Revenue
General Purpose Revenue
Cost Budget
Expensed Inventory
27. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD
Account Segment
Depreciate
Invoice
Expenditure Type
28. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Capital Project Fund
Line Type
Cost Applied
Bond
29. 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 -
Full Tim Equivalency (FTE)
Capital Project
Depreciate
Expenditure
30. To approve an award budget for use in reporting and accounting.
Baseline
Cost Budget
Indirect Cost or Indirect Expense
Blanket Purchase Agreement
31. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Capital Project
Expenditures
Full Cost
Special Revenu Fund
32. An account that contains money set aside for a legaly restricted specifi future use.
Capital Assets
Reserve
Account
Fiduciary Fund
33. The difference between budgeted amounts and all actual and anticipated expenditures.
Program Budget
Commitment
Funds Available
Invoice
34. 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
Fund Balance
Inventory Items
Force Account
Project
35. The electronic process of mainaining an itemized list of current inventory.
Expenditure Type
Release
Asset Management
Fund
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 ( labor - equipment usage - materials - contractor payments - etc). These labor costs usually include only front-line or
Expenditure Type
Direct Cost or Direct Expense
Cost Budget
Indirect Cost of Expense
37. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Deficit
Indirect Project
Force Account
Special Revenue Fund
38. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Pension and other employee benefit Trust Fund
Fund Balance
Fiduciary Fund
Internal Service Funds
39. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Proprietary Funds
Preliminary Budget
Commitment
Grant
40. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Cost Budget
Revenue
Appropriation
Capital Assets
41. 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
Unanticipated Revenue
Contract or Contract Purchase Agreement (CPA)
Line-Item Budget
42. 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.
Adopted Budget/Operational Plan
Encumbrance
Special Revenue Fund
Blanket Purchase Agreement
43. Is derived from taxes - licenses - fees - and investment earnings.
Estimated Revenue
Fund
Revenue
Award
44. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Activity- Based Costing (ABC)
Revenue
Genaral Revenue Allocation
Capital Budget
45. 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.
Capital Project
Deficit
Invoice
Depreciation
46. The spread of an assets cost over the time period it is used.
Expenditure Type
Purchase Order
Depreciate
Fund
47. 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
Depreciation
Grant
Change Letter
Appropriation
48. 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.
Release
Spending Funds
Fiduciary Fund
Fund
49. 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
Internal Service Fund (ISF)
Capital Project Fund
Fund Balance
Enterprise Fund
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
Line-Item Budget
Capital Outlay Fund (COA)
Reserve
Project