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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 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.






2. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.






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






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






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






6. A standard procurement document issued for delivery of specified goods or services on specified dates at specified locations. A PO is normally a one-time transaction.






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






8. Units of work that can be broken down into one or more task to capture and related revenue.






9. 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.






10. 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






11. 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.






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






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






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






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






16. 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.






17. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.






18. 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






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






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






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






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






23. 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.






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






25. 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






26. A five-year list of planned capital projects - developed by the Department of General Services.






27. 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.






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






29. 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.






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






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






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






33. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.






34. 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 -






35. A self-balancing set of accounts.






36. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.






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






38. 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).






39. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.






40. 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






41. 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






42. 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.






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






44. 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






45. Includes the all elements of cost for the production of a good or service - including direct - indirect - and overhead costs. Full cost includes raw costs - plus all apllicable burden costs for raw labor.






46. 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.






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






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






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






50. 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.






Can you answer 50 questions in 15 minutes?



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