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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. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Enterprise Funds
Full Cost
Funds
Grant
2. A separate fund established to account for services that are supported primarly by service charges. They are similar to private business enterprise - where the costs of providing goods or services to the general public or to customer departments on a
Enterprise Fund
Capital Outlay Fund (COA)
Baseline Budget
General Purpose Revenue
3. 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.
Fund Balance
Fixed Asset
Capital Outlay Fund (COA)
Depreciation
4. 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.
Cost Applied
Full Cost
Reserve
Internal Agreement
5. The electronic process of mainaining an itemized list of current inventory.
Debt Service
Asset Management
Overrealized Revenue
Service and Supplies
6. 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.
Service and Supplies
Asset Inventory
Debt Service Funds
Internal Service Fund (ISF)
7. 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.
Fund
Internal Service Funds
Encumbrance
Purchase Order
8. 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.
Physical Intentory
Productive Time
General Purpose Revenue
Indirect Cost of Expense
9. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Data Warehouse
Overrealized Revenue
Cost Budget
Enterprise Funds
10. 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)
Avoidable Cost
Depreciate
Special Revenu Fund
11. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Asset Management
Bond
Grant
Data Warehouse
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).
Depreciation
Reserve
Encumbrance Types
Invoise Types
13. 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.
Adopted Budget/Operational Plan
Grant
Account
Capital Projects Funds
14. 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.
Chart of Accounts
Direct Cost or Direct Expense
Cost Applied
Trust Fund
15. The difference between budgeted amounts and all actual and anticipated expenditures.
Preliminary Budget
Force Account
Funds Available
Purchase Order
16. 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
Debt Service
Program Budget
Depreciation
Org.
17. Enterprise Funds - Internal Service Fund
Proprietary Funds
Capital Outlay Fund (COA)
Inventory Items
Internal Service Fund (ISF)
18. Fund is an independent fiscla and accounting entity.
Fund
Asset
Raw Cost
Estimated Revenue
19. 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.
Baseline Budget
Blanket Purchase Agreement
Special Revenue Fund
Depreciation
20. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.
Special Revenue Fund
Deficit
Org.
Expenditures
21. 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.
Invoice
Invoise Types
Debt Service Funds
General Fund
22. 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
Service and Supplies
Release
Deficit
23. The amount of revenue expected to accrue or to be collected during a fiscal year.
Account Segment
Cost Applied
Release
Estimated Revenue
24. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Grant
Commitment
Capital Project Fund
Accounting Standards
25. A self-balancing set of accounts.
Debt Service
Physical Intentory
Fund
Expenditure Type
26. To approve an award budget for use in reporting and accounting.
Revenue
Internal Service Fund (ISF)
Baseline
Governmental Funds
27. The amount of revenue expected to accrue or to be collected during a fiscal year.
Capital Assets
Encumbrance
Estimated Revenue
Expenditure Type
28. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Asset Management
General Purpose Revenue
Adopted Budget/Operational Plan
Accounting Standards
29. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Baseline Budget
Overrealized Revenue
Fiduciary Fund
Average Balance
30. 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.
Line Type
Estimated Revenue
Average Balance
Award
31. 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
Account
Chart of Accounts
Bond
Funds Available
32. The difference between a fund's assets and its liabilites. A surplus or deficit of assets over liabilites and reserves within a specific fund or organizational unit. A comparison of projected ependitures and revenues with related appropriations. Port
Purchase Order
Full Cost
Encumbrance Types
Fund Balance
33. An itemized statement of money owed for goods shipped or services rendered
Invoice
Deficit
Baseline Budget
Current Budget
34. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Governmental Funds
Cash Basis of Accounting
Depreciation
Encumbrance
35. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Data Warehouse
Enterprise Fund
Baseline Budget
Fund
36. 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
General Purpose Revenue
Capital Assets
Physical Intentory
Special Revenu Fund
37. 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 Cost or Direct Expense
Invoice
Fund Balance
Purchase Requsition
38. 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.
Program Budget
Internal Service Funds
Invoice
Inventory Item
39. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Accrual Basis of Accounting
Internal Service Funds
Account
Overrealized Revenue
40. 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
Direct Expense
Grant
Fund
Direct Cost or Direct Expense
41. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Grant
Standard Purchase Order
Cost Applied
Release
42. 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.
Grant
Purchase Order
Standard Purchase Order
Debt Service Funds
43. The account structure an enterprise uses to record transactions and maintain account balances.
Account
Baseline
Chart of Accounts
Genaral Revenue Allocation
44. 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
Line Type
General Purpose Revenue
Fiduciary
Fund
45. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Capital Project
Service and Supplies
Capital Assets
Grant
46. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.
Depreciation
Invoise Types
Debt Service
Invoice
47. Units of work that can be broken down into one or more task to capture and related revenue.
Special Revenu Fund
Cost Budget
Project
Trust Fund
48. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Line Budget Item
Revenue
Special Revenue Fund
Trust Fund
49. 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.
Debt Service
Preliminary Budget
Fiduciary Fund
Line-Item Budget
50. 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
Average Balance
Proprietary Funds
Internal Service Fund (ISF)