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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. 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
Capital Assets
Debt Service
Expenditure
Line-Item Budget
2. 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.
Line Type
Inventory Item
Current Budget
Cost Applied
3. The amount of revenue expected to accrue or to be collected during a fiscal year.
Cost Budget
Estimated Revenue
Enterprise Fund
Governmental Funds
4. 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
Overrealized Revenue
Depreciation
Revenue
5. 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 -
Expenditure Type
Encumbrance
Revenue
Baseline
6. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).
Proprietary Funds
Change Letter
Internal Service Fund (ISF)
Encumbrance Types
7. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Adopted Budget
Asset
Invoice
Proprietary Funds
8. The electronic process of mainaining an itemized list of current inventory.
Asset
Inventory Item
Asset Management
Encumbrance
9. Fund is an independent fiscla and accounting entity.
Cost Applied
Fund
Commitment
Baseline
10. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
Overrealized Revenue
Cost Applied
Purchase Order
Line Type
11. 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
Internal Service Fund (ISF)
Adopted Budget/Operational Plan
Capital Outlay Fund (COA)
Special Revenu Fund
12. 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).
Reserve
Asset Management
Expenditure Type
Capital Budget
13. 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
Adopted Budget
Debt Service Funds
Funds Available
Fund
14. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Capital Improvement
Full Tim Equivalency (FTE)
Cost Applied
Force Account
15. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Asset
Obligation
Unanticipated Revenue
Blanket Purchase Agreement
16. The spread of an assets cost over the time period it is used.
Depreciate
Accrual Basis of Accounting
Purchase Order
Blanket Purchase Agreement
17. 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
Grant
Expensed Inventory
Original Budget
Avoidable Cost
18. The most recently baselined budget version of the budget.
Blanket Purchase Agreement
Current Budget
Revenue
Asset Management
19. 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
Direct Cost or Direct Expense
Depreciate
Standard Purchase Order
Line Budget Item
20. 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 ).
Obligation
Indirect Project
Proprietary Funds
Debt Service
21. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Debt Service Funds
Enterprise Funds
Contract or Contract Purchase Agreement (CPA)
Average Balance
22. 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
Debt Service
Original Budget
Direct Expense
Purchase Requsition
23. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Overrealized Revenue
Internal Service Funds
Indirect Cost of Expense
Baseline Budget
24. Assures suppliers that sufficient funds wil be available once the order is filled. Also are known as obligations and commitments - and only become expenditures when paid or when the actual liability is recorded.
Appropriation
Encumbrance
Indirect Cost of Expense
Reserve
25. Accounts for the County's financial resources except those required to be accounted for in another fund.
Invoice
General Fund
Encumbrance
Genaral Revenue Allocation
26. 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.
Fiduciary
General Fund
Debt Service Funds
Genaral Revenue Allocation
27. 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.
Expenditure
Internal Service Fund (ISF)
Invoise Types
Fund Balance
28. 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.
Funds
Purchase Requsition
Release
Blanket Purchase Agreement
29. 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.
Revenue
Trust Fund
Asset
Blanket Purchase Agreement
30. 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.
Debt Service Funds
Standard Purchase Order
Baseline
Average Balance
31. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.
Invoise Types
Line Budget Item
Expenditure
Capital Project Fund
32. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Supplier
Grant
Purchase Requsition
Invoice
33. 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
Bond
Account
Change Letter
34. 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
Raw Cost
Enterprise Fund
Expenditure Type
Line-Item Budget
35. 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
Direct Expense
Cost Applied
Direct Cost or Direct Expense
Asset
36. 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.
Debt Service Funds
Avoidable Cost
Internal Service Fund (ISF)
Fiduciary Fund
37. Is derived from taxes - licenses - fees - and investment earnings.
Expensed Inventory
Standard Purchase Order
Revenue
Proprietary Funds
38. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Capital Project Fund
Program Budget
Capital Outlay Fund (COA)
Enterprise Funds
39. Does not include paid or unpaid leave - work performed on behalf of a busness entity which is required for that entity to fullfil its business purpose.
Productive Time
Direct Expense
Overrealized Revenue
Full Cost
40. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.
Original Budget
Invoice
Activity- Based Costing (ABC)
Unanticipated Revenue
41. 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
Invoice
Adopted Budget
Fund
Depreciation
42. 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.
Capital Outlay Fund (COA)
Debt Service
Obligation
Program Budget
43. Annual principal and interest payments that local government owes on borrowed money.
Physical Intentory
Debt Service
Overrealized Revenue
Purchase Order
44. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Capital Outlay Fund (COA)
Full Tim Equivalency (FTE)
Original Budget
Special Revenue Fund
45. Enterprise Funds - Internal Service Fund
General Fund
Revenue
Proprietary Funds
Data Warehouse
46. The difference between budgeted amounts and all actual and anticipated expenditures.
Funds Available
Direct Expense
Debt Service
Fixed Asset
47. 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).
Depreciate
Fiduciary
Capital Projects Funds
Average Balance
48. Those elements of cost necessary in the production of an article or the performance of a service but no an integral part of the finished product or service - such as rent - heat - light - supplies - management - supervision - etc.
Full Tim Equivalency (FTE)
Fixed Asset
Indirect Cost of Expense
Asset
49. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Direct Cost or Direct Expense
Current Budget
Expensed Inventory
Capital Project Fund
50. 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.
Force Account
Preliminary Budget
Data Warehouse
Depreciation