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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. 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.
Supplier
Special Revenu Fund
Direct Cost or Direct Expense
Preliminary Budget
2. 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.
Revenue
Original Budget
Productive Time
Blanket Purchase Agreement
3. The spread of an assets cost over the time period it is used.
Invoise Types
Depreciate
Capital Project
Revenue
4. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Full Cost
Capital Project
Program Budget
Genaral Revenue Allocation
5. 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.
Expenditure
Current Budget
Proprietary Funds
Purchase Requsition
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.
Cost Applied
Asset
Indirect Project
Internal Service Fund (ISF)
7. The account structure an enterprise uses to record transactions and maintain account balances.
Debt Service
General Fund
Depreciation
Chart of Accounts
8. Accounts for the County's financial resources except those required to be accounted for in another fund.
Fund Balance
Line Budget Item
General Fund
Full Tim Equivalency (FTE)
9. A five-year list of planned capital projects - developed by the Department of General Services.
Internal Service Fund (ISF)
Capital Improvement Plan (CIP)
Release
Adopted Budget/Operational Plan
10. 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.
Standard Purchase Order
Grant
Indirect Project
Governmental Funds
11. A spending plan for improvements to or acquisition of land - facilities - and infrastructure. The capital budget balances revenues and expenditures - specifies the sources of revenues - and lists each project or acquisition.
Grant
Capital Budget
Estimated Revenue
Invoice
12. 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.
Indirect Project
Physical Intentory
Purchase Order
Invoice
13. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Asset Management
Accounting Standards
Special Revenue Fund
Board of Supervisors
14. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD
Account Segment
Adopted Budget/Operational Plan
Direct Expense
Accounting Standards
15. An accounting device established to control receipts and disbursements set aside to support specific activities.
Fiduciary Fund
Obligation
Fund
Special Revenue Fund
16. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Capital Outlay Fund (COA)
Internal Service Fund (ISF)
Capital Assets
General Purpose Revenue
17. 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.
Expenditures
Expenditure Type
Enterprise Fund
Indirect Cost or Indirect Expense
18. 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
Purchase Requsition
Direct Cost or Direct Expense
Unanticipated Revenue
Pension and other employee benefit Trust Fund
19. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Obligation
Estimated Revenue
Funds
Full Tim Equivalency (FTE)
20. 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.
Encumbrance
Depreciation
Activity- Based Costing (ABC)
Adopted Budget/Operational Plan
21. 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.
Purchase Order
Fixed Asset
Capital Project
Obligation
22. An anticipated expenditure as indicated by approval of requistion. Oracle Purchasing will send commitments to the General Ledger and Projects and Grants and it will be recorded as an encumbrance type.
Overrealized Revenue
Org.
Commitment
Capital Project
23. A self-balancing set of accounts.
Fund
Chart of Accounts
Release
Avoidable Cost
24. 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
Fixed Asset
Baseline Budget
Direct Expense
Cost Budget
25. To approve an award budget for use in reporting and accounting.
Current Budget
Full Cost
Baseline
Funds Available
26. 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
Asset Management
Debt Service
Fund Balance
Avoidable Cost
27. 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.
Reserve
Appropriation
Cash Basis of Accounting
Full Cost
28. 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
Depreciation
Account Segment
Fund Balance
Line Budget Item
29. The amount of revenue expected to accrue or to be collected during a fiscal year.
Estimated Revenue
Invoice
Project
Release
30. An itemized statement of money owed for goods shipped or services rendered
Expensed Inventory
Baseline
Invoice
Fund
31. 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.
Release
Award
Depreciation
Program Budget
32. 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
Debt Service
Capital Project Fund
Enterprise Fund
33. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Commitment
Inventory Item
Release
Baseline Budget
34. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
General Purpose Revenue
Grant
Direct Expense
Line Budget Item
35. 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).
Debt Service
Capital Projects Funds
Average Balance
Direct Cost or Direct Expense
36. 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.
Board of Supervisors
Accounting Standards
Trust Fund
Fund
37. An account that contains money set aside for a legaly restricted specifi future use.
Expenditure
Board of Supervisors
Reserve
Encumbrance Types
38. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.
Deficit
Account
Fund
Capital Projects Funds
39. 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.
Blanket Purchase Agreement
Fixed Asset
Capital Assets
Inventory Item
40. 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.
Award
Special Revenue Fund
Contract or Contract Purchase Agreement (CPA)
Program Budget
41. Enterprise Funds - Internal Service Fund
Revenue
Grant
Special Revenu Fund
Proprietary Funds
42. 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 Improvement Plan (CIP)
Adopted Budget
Contract or Contract Purchase Agreement (CPA)
Supplier
43. A separate financial reporting unit fo budgeting - management - or accounting purposes. All budgetary transactions are recorded in accounts
Asset Management
Indirect Project
Proprietary Funds
Account
44. 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
Fund
Enterprise Fund
Asset Management
Fund
45. 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
Avoidable Cost
Line Budget Item
Chart of Accounts
Project
46. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
Line Type
Change Letter
Expensed Inventory
Encumbrance
47. 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.
Cash Basis of Accounting
Expenditure Type
Expensed Inventory
Enterprise Fund
48. The difference between budgeted amounts and all actual and anticipated expenditures.
Debt Service
General Purpose Revenue
Funds Available
Bond
49. 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.
Full Cost
Trust Fund
Fund
General Fund
50. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Appropriation
Supplier
Overrealized Revenue
Contract or Contract Purchase Agreement (CPA)