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






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






3. 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 -






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






5. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -






6. Trust Fund and Agency Funds






7. 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






8. Enterprise Funds - Internal Service Fund






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






10. Annual principal and interest payments that local government owes on borrowed money.






11. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds






12. 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






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






14. 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.






15. The spread of an assets cost over the time period it is used.






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






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






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. 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






20. Fund is an independent fiscla and accounting entity.






21. 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).






22. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.






23. 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






24. 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.






25. 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.






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






27. 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.






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






29. A classification of cost that is assigned to each expenditure items. Expenditure types are grouped into cost groups ( expenditure categories) and revenue groups ( revenue categories).






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






31. 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 ).






32. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.






33. 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






34. Elements of cost necessary in the production of an article of the performance of a services - but an integral part of the finished product or service - such a rent - heat light - supplies - management - second-level supervision. Can refer to Departme






35. A self-balancing set of accounts.






36. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.






37. 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.






38. 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.






39. The electronic process of mainaining an itemized list of current inventory.






40. 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






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






42. 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.






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






44. 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.






45. Is derived from taxes - licenses - fees - and investment earnings.






46. 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.






47. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.






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






49. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.






50. 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