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






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






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






4. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.






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






6. 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.






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






8. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.






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






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






11. The electronic process of mainaining an itemized list of current inventory.






12. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.






13. 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.






14. 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.






15. 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.






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






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






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.






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






20. 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.






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. 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.






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






24. 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.






25. 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.






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






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






28. Accounts for the County's financial resources except those required to be accounted for in another fund.






29. 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.






30. 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).






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






32. 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 -






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






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






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






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






37. 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






38. 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






39. Assets - which are intended to be held or used for an extended periof of time - such as land - buildings - structures - machinery - furniture - and other equipment. Any piece of equipment costing $5 -000 or more must be purchased as a fixed asset.






40. 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.






41. 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.






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






43. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.






44. An itemized statement of money owed for goods shipped or services rendered






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






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






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






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