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. 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.
Encumbrance
Current Budget
Account
Productive Time
2. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Adopted Budget/Operational Plan
Change Letter
Invoice
Funds
3. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Asset Management
Enterprise Funds
Capital Projects Funds
Internal Service Funds
4. 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).
Capital Projects Funds
Reserve
General Fund
Indirect Cost or Indirect Expense
5. 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
Release
Special Revenu Fund
Full Cost
6. 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.
Enterprise Funds
Debt Service Funds
Trust Fund
Purchase Requsition
7. Trust Fund and Agency Funds
Asset Management
Capital Projects Funds
Bond
Fiduciary
8. 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.
Invoice
Adopted Budget/Operational Plan
Invoice
Indirect Cost of Expense
9. Use of an appropriation to purchse goods and services necessary to carry out the responsibilities of a department or organization. Expenditures are decreases in net financial resources.
Capital Project
Blanket Purchase Agreement
Pension and other employee benefit Trust Fund
Expenditures
10. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Capital Project
Capital Outlay Fund (COA)
Data Warehouse
Overrealized Revenue
11. 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.
Capital Improvement
Program Budget
Board of Supervisors
Change Letter
12. The spread of an assets cost over the time period it is used.
Physical Intentory
Depreciate
Supplier
Adopted Budget
13. 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 -
Direct Cost or Direct Expense
Raw Cost
Capital Project
Encumbrance
14. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Asset Inventory
Expenditures
Capital Project Fund
Fund Balance
15. 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.
Proprietary Funds
Service and Supplies
Standard Purchase Order
Expensed Inventory
16. 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.
Raw Cost
Spending Funds
Direct Expense
Asset Inventory
17. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Average Balance
Purchase Order
Asset Management
Depreciate
18. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.
Revenue
Cash Basis of Accounting
Funds
Invoice
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
Line Budget Item
Cost Applied
Capital Improvement Plan (CIP)
Funds Available
20. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Funds Available
Grant
Special Revenu Fund
Original Budget
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.
Special Revenue Fund
Indirect Cost or Indirect Expense
Grant
Overrealized Revenue
22. Units of work that can be broken down into one or more task to capture and related revenue.
Inventory Items
Average Balance
Project
Fixed Asset
23. Is a written record for goods or services provided or request for payment. A summarized list of charges and other information that is recorded in Account Receivalbe - can be printed - and can be sent to a customer to request payment or reimbursement.
Force Account
Invoise Types
Data Warehouse
Invoice
24. 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
Internal Service Fund (ISF)
Fiduciary
Fund
25. Revenues are recorded when measurable and earned ( rather than when cash is received - and expenses are recognized when a good or service is used( rather thane when payment is made).
Raw Cost
Standard Purchase Order
Direct Cost or Direct Expense
Accrual Basis of Accounting
26. 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
Force Account
Productive Time
Capital Assets
Asset Inventory
27. A grant - subsidy - revenue agreement - revenue contract - or specific funding which is allocated to an organization for a specific purpose(s) and can be used to fund one or more projects - An award is usually billed or invoiced to a Customer ( i.e.
Invoise Types
Enterprise Fund
Award
Baseline Budget
28. To approve an award budget for use in reporting and accounting.
Baseline
Enterprise Fund
Internal Agreement
Average Balance
29. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Cash Basis of Accounting
Encumbrance Types
General Purpose Revenue
Cost Budget
30. 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
Cost Budget
Physical Intentory
Capital Projects Funds
Line-Item Budget
31. 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.
Internal Service Fund (ISF)
Debt Service Funds
Purchase Requsition
Depreciate
32. 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.
Encumbrance
Trust Fund
Activity- Based Costing (ABC)
Reserve
33. Elements of cost necessary in the production of an article of the performance of a services - but an integral part of the finished product or service - such a rent - heat light - supplies - management - second-level supervision. Can refer to Departme
Fiduciary
Average Balance
Indirect Cost or Indirect Expense
Enterprise Fund
34. 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.
Capital Budget
Revenue
Expensed Inventory
Debt Service Funds
35. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Program Budget
Cost Applied
Award
Physical Intentory
36. 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.
Board of Supervisors
Standard Purchase Order
Obligation
Expenditure
37. 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.
Cash Basis of Accounting
Contract or Contract Purchase Agreement (CPA)
Internal Agreement
Original Budget
38. 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).
Inventory Item
Expenditure Type
Change Letter
Capital Project
39. Is derived from taxes - licenses - fees - and investment earnings.
Revenue
Capital Outlay Fund (COA)
Estimated Revenue
Indirect Cost or Indirect Expense
40. 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
Blanket Purchase Agreement
Expenditures
Fund
Revenue
41. 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.
Fund
Debt Service Funds
Preliminary Budget
Capital Improvement Plan (CIP)
42. 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.
Accounting Standards
Capital Project
Internal Agreement
Fiduciary Fund
43. 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
General Purpose Revenue
Data Warehouse
Deficit
44. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Capital Project
Encumbrance
Enterprise Fund
Proprietary Funds
45. 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.
Revenue
Data Warehouse
Encumbrance
Inventory Item
46. 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
Governmental Funds
Debt Service
Direct Cost or Direct Expense
Indirect Project
47. 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.
Revenue
Appropriation
Grant
Internal Service Funds
48. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Revenue
Appropriation
General Purpose Revenue
Baseline
49. A self-balancing set of accounts.
Expenditures
Average Balance
Fund
Adopted Budget
50. 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
Bond
Preliminary Budget
Invoice
Cash Basis of Accounting