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






2. 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






3. A legal authorization to make expenditures or to enter into obligations for specific purposes. An appropriation is usually limited in amount for each department or fund of the County and as to the time when it may be expended - normally only during t






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 ).






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






6. 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






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






8. 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.






9. The difference between budgeted amounts and all actual and anticipated expenditures.






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






11. 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






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






13. 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






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






15. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds






16. Contributions or gifts of cash or other assets from another government or agency to be used or expended for a specified purpose - activity or facility.






17. Accounts for the accumulation for and the payment of general long-term principal and interest.






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






19. A spending plan for improvements to or acquisition of land - facilities - and infrastructure. The capital budget balances revenues and expenditures - specifies the sources of revenues - and lists each project or acquisition.






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






21. 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.






22. The budget amounts for a project at the first successful Baselining of the project.






23. 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






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






25. 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.






26. When one department or fund desires services from another department or fund and the department or fund providing the service sgree to a scope of work and an estimated budget and schedule.






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






28. An appropriation used for goods and services ordered and received - whether paid or unpaid - including provisions for debt retirement and capital outlays. Encumbrances do not become expenditures until they are paid.






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






30. An account that contains money set aside for a legaly restricted specifi future use.






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






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






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






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






35. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.






36. 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.






37. 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.






38. The amount of revenue expected to accrue or to be collected during a fiscal year.






39. 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






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






41. 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.






42. 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.






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






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






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






46. 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).






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






48. Enterprise Funds - Internal Service Fund






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






50. 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.