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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 accumulation for and the payment of general long-term principal and interest.
Debt Service Funds
Line-Item Budget
Internal Agreement
Special Revenue Fund
2. 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.
Preliminary Budget
Capital Project Fund
Invoice
Internal Agreement
3. 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.
Release
Expensed Inventory
Cost Applied
Capital Project
4. To approve an award budget for use in reporting and accounting.
Cost Applied
Governmental Funds
Pension and other employee benefit Trust Fund
Baseline
5. 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.
Capital Project Fund
Trust Fund
Reserve
Genaral Revenue Allocation
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.
Purchase Requsition
Capital Assets
Capital Projects Funds
Appropriation
7. Annual principal and interest payments that local government owes on borrowed money.
Board of Supervisors
Commitment
Debt Service
Asset Management
8. 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 ).
Fund Balance
Indirect Project
Fund
Account
9. 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.
Accrual Basis of Accounting
General Purpose Revenue
Full Cost
Funds Available
10. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Overrealized Revenue
Debt Service
Accounting Standards
Special Revenu Fund
11. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
Line Type
Special Revenue Fund
Capital Improvement Plan (CIP)
Fund
12. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Fixed Asset
Capital Improvement
Productive Time
Pension and other employee benefit Trust Fund
13. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Revenue
Asset Management
Cost Budget
Baseline Budget
14. 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).
Blanket Purchase Agreement
Average Balance
Accrual Basis of Accounting
Enterprise Fund
15. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Deficit
Governmental Funds
General Fund
Service and Supplies
16. The electronic process of mainaining an itemized list of current inventory.
Funds Available
Asset Management
Funds
General Purpose Revenue
17. 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
Adopted Budget/Operational Plan
Line-Item Budget
Funds Available
Depreciation
18. 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.
Activity- Based Costing (ABC)
Release
Revenue
Award
19. Items stocked in an inventory and controlled by tracking the quantity and value of each item. Typically - each item is considered an 'asset' until it is issued or adjusted ( expensed) out of the inventory. The value of the item is equal to the curren
Appropriation
Inventory Items
Spending Funds
Enterprise Fund
20. 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
Capital Budget
Inventory Item
Capital Project Fund
21. 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
Force Account
Expenditure
Direct Cost or Direct Expense
Direct Expense
22. The amount of revenue expected to accrue or to be collected during a fiscal year.
General Purpose Revenue
Expenditure
Inventory Item
Estimated Revenue
23. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Capital Project Fund
Internal Service Funds
Full Tim Equivalency (FTE)
Debt Service Funds
24. 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.
Preliminary Budget
Release
Capital Budget
Encumbrance Types
25. Trust Fund and Agency Funds
Average Balance
Overrealized Revenue
Direct Cost or Direct Expense
Fiduciary
26. 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.
General Purpose Revenue
Line Budget Item
Capital Improvement Plan (CIP)
Contract or Contract Purchase Agreement (CPA)
27. 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
Data Warehouse
Cash Basis of Accounting
Revenue
28. A unit with budgetary control and/or management responsibilities for financial transactions. Represents the 'cost center'qualifier segment required in Oracle and is at the trasactional level of input( child).
Special Revenue Fund
Purchase Requsition
Org.
Unanticipated Revenue
29. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Invoice
Direct Expense
General Fund
Overrealized Revenue
30. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Depreciation
Funds
Asset Inventory
Debt Service Funds
31. 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
Revenue
Asset Management
Standard Purchase Order
32. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Expenditures
Special Revenue Fund
Debt Service
Adopted Budget/Operational Plan
33. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Genaral Revenue Allocation
Invoise Types
Appropriation
Change Letter
34. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds
Governmental Funds
Service and Supplies
Asset Inventory
Invoice
35. 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.
Purchase Order
Fund
Capital Projects Funds
Direct Expense
36. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Asset
Funds
Depreciate
Raw Cost
37. The budget amounts for a project at the first successful Baselining of the project.
Accounting Standards
Expensed Inventory
Debt Service
Original Budget
38. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Obligation
Cash Basis of Accounting
Full Tim Equivalency (FTE)
Debt Service
39. 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.
General Purpose Revenue
Encumbrance Types
Special Revenue Fund
Raw Cost
40. An itemized statement of money owed for goods shipped or services rendered
Revenue
Invoice
Internal Service Funds
Capital Improvement Plan (CIP)
41. 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 -
Account Segment
Capital Project
Asset
Capital Outlay Fund (COA)
42. The account structure an enterprise uses to record transactions and maintain account balances.
Chart of Accounts
Revenue
Estimated Revenue
Fund
43. 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
Direct Expense
Org.
Line-Item Budget
Enterprise Fund
44. 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 Projects Funds
Special Revenu Fund
Fund
Program Budget
45. 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
Invoice
Enterprise Fund
Capital Improvement Plan (CIP)
Program Budget
46. 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.
Capital Project Fund
Capital Budget
Overrealized Revenue
Adopted Budget
47. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Supplier
Depreciation
Direct Expense
Funds
48. 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
Expenditures
Accrual Basis of Accounting
Internal Service Funds
Appropriation
49. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Release
General Purpose Revenue
Indirect Cost of Expense
Baseline Budget
50. 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
Cost Budget
Internal Service Fund (ISF)
Org.
Fund Balance