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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. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Expenditure
Award
Cost Budget
Funds Available
2. 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.
Force Account
Expenditures
Grant
Funds Available
3. 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
Fund
Release
Capital Outlay Fund (COA)
4. 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.
Productive Time
Baseline Budget
Full Cost
Physical Intentory
5. 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
Bond
Encumbrance Types
Depreciation
Direct Cost or Direct Expense
6. 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.
Capital Improvement Plan (CIP)
Invoice
Contract or Contract Purchase Agreement (CPA)
Fiduciary Fund
7. 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.
Funds Available
Purchase Requsition
General Purpose Revenue
Standard Purchase Order
8. 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.
Force Account
Expenditures
Direct Expense
Capital Assets
9. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Force Account
Average Balance
Direct Cost or Direct Expense
Supplier
10. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.
Special Revenue Fund
Asset Inventory
Deficit
Commitment
11. Accounts for the County's financial resources except those required to be accounted for in another fund.
Full Tim Equivalency (FTE)
General Fund
Debt Service
Full Cost
12. The budget amounts for a project at the first successful Baselining of the project.
Capital Project
Governmental Funds
Depreciation
Original Budget
13. Annual principal and interest payments that local government owes on borrowed money.
Overrealized Revenue
Encumbrance
Full Tim Equivalency (FTE)
Debt Service
14. 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.
Internal Agreement
Spending Funds
Debt Service Funds
Internal Service Fund (ISF)
15. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Service and Supplies
Full Tim Equivalency (FTE)
Asset Management
Invoice
16. Is derived from taxes - licenses - fees - and investment earnings.
Change Letter
Physical Intentory
Fund
Revenue
17. 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.
Indirect Cost of Expense
Release
Governmental Funds
Standard Purchase Order
18. The electronic process of mainaining an itemized list of current inventory.
Release
Asset Management
Supplier
Internal Service Fund (ISF)
19. The amount of revenue expected to accrue or to be collected during a fiscal year.
Fund
Revenue
Debt Service
Estimated Revenue
20. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
General Fund
Reserve
Governmental Funds
Internal Service Funds
21. Accounts for the accumulation for and the payment of general long-term principal and interest.
Cost Budget
Depreciate
Debt Service Funds
Expenditures
22. 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.
Expenditures
Full Cost
Special Revenue Fund
Original Budget
23. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Force Account
Special Revenue Fund
Cost Applied
Estimated Revenue
24. A self-balancing set of accounts.
Average Balance
Funds Available
Fund
Depreciate
25. The additional to cash or other current assets of governmental funds( receipts) which do not increase any liability or reserve and do not represent the recovery of an expenditure from services to others ( reimbursements).
Revenue
Line Budget Item
Capital Improvement
Accounting Standards
26. 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.
Indirect Cost or Indirect Expense
Purchase Requsition
Invoice
Commitment
27. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Data Warehouse
Obligation
Indirect Cost of Expense
Account Segment
28. 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 ).
Indirect Project
Full Tim Equivalency (FTE)
Capital Project Fund
Deficit
29. Enterprise Funds - Internal Service Fund
Special Revenue Fund
Direct Expense
Proprietary Funds
Physical Intentory
30. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Blanket Purchase Agreement
Full Tim Equivalency (FTE)
Physical Intentory
Revenue
31. Budget authority that is set aside when a purchase order or contract is approved. A limitation - reserve or obligations placed on a budget appropriation to pay for good or services that have been ordered by means of contracts - purchase orders - IA -
Indirect Cost or Indirect Expense
Encumbrance
Capital Budget
Service and Supplies
32. 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.
Enterprise Fund
Revenue
Preliminary Budget
Award
33. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Expenditure
Inventory Item
Invoice
Special Revenu Fund
34. 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.
Baseline Budget
Board of Supervisors
Fiduciary Fund
Purchase Requsition
35. 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.
Asset Inventory
Adopted Budget/Operational Plan
Contract or Contract Purchase Agreement (CPA)
Fund
36. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Capital Outlay Fund (COA)
Overrealized Revenue
Release
Obligation
37. 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
Org.
Capital Outlay Fund (COA)
Award
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.
Capital Outlay Fund (COA)
Fund
Program Budget
Encumbrance
39. 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
Capital Improvement Plan (CIP)
Pension and other employee benefit Trust Fund
Fiduciary
40. 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
Force Account
Bond
Capital Outlay Fund (COA)
Unanticipated Revenue
41. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Depreciate
Capital Outlay Fund (COA)
Genaral Revenue Allocation
Fund
42. 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.
Funds
Invoice
Project
Obligation
43. 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
Release
Line Type
Program Budget
Fund Balance
44. 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.
Avoidable Cost
Adopted Budget
Capital Budget
Adopted Budget/Operational Plan
45. 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
Estimated Revenue
Commitment
Board of Supervisors
Force Account
46. 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).
Asset Inventory
Cost Budget
Org.
Cash Basis of Accounting
47. An itemized statement of money owed for goods shipped or services rendered
Invoice
Debt Service
Cost Budget
Depreciation
48. 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.
Full Cost
Internal Service Fund (ISF)
Asset Inventory
Capital Project
49. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Baseline Budget
Asset
Avoidable Cost
Revenue
50. 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.
Capital Assets
General Fund
Special Revenue Fund
Adopted Budget