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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. Expenditures related to the acquisition - expansion - or rehabilitatin of major fixed assets - such as land - buildings - structures - and certain types of equipment; remodeling/upgrades which improve or enhance the use of an existing facility or spa
Capital Improvement
Adopted Budget
Preliminary Budget
Funds
2. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Fund
Asset
Full Tim Equivalency (FTE)
Revenue
3. The most recently baselined budget version of the budget.
Current Budget
Spending Funds
Capital Improvement
Fixed Asset
4. 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.
Commitment
Line Type
Accrual Basis of Accounting
Change Letter
5. 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
Capital Project Fund
Force Account
Bond
Preliminary Budget
6. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Project
Indirect Cost of Expense
Account Segment
Baseline Budget
7. 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 -
Capital Project
Cost Applied
Cash Basis of Accounting
Physical Intentory
8. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Productive Time
Average Balance
General Purpose Revenue
Bond
9. The amount of revenue expected to accrue or to be collected during a fiscal year.
Physical Intentory
Expenditures
Estimated Revenue
Contract or Contract Purchase Agreement (CPA)
10. A five-year list of planned capital projects - developed by the Department of General Services.
Proprietary Funds
Debt Service Funds
Grant
Capital Improvement Plan (CIP)
11. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Capital Project Fund
Award
Indirect Cost or Indirect Expense
Debt Service
12. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds
Inventory Items
Service and Supplies
Governmental Funds
Data Warehouse
13. 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.
Fund
Fund Balance
Indirect Cost of Expense
Direct Cost or Direct Expense
14. Units of work that can be broken down into one or more task to capture and related revenue.
Special Revenu Fund
Depreciation
Project
Spending Funds
15. The account structure an enterprise uses to record transactions and maintain account balances.
Chart of Accounts
Line Budget Item
Estimated Revenue
Program Budget
16. A payment of money or other assets from one governmental unit to another - from a governmental unit to a not-for-profit agency - or from a not-for-profit agency to a government. Often earmarked for a specific purpose or program.
Grant
Avoidable Cost
Internal Service Funds
Project
17. An accounting device established to control receipts and disbursements set aside to support specific activities.
Fund
Genaral Revenue Allocation
Fiduciary Fund
Direct Cost or Direct Expense
18. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Overrealized Revenue
Data Warehouse
Proprietary Funds
Encumbrance Types
19. 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).
Chart of Accounts
Service and Supplies
Preliminary Budget
Org.
20. Is derived from taxes - licenses - fees - and investment earnings.
Revenue
Enterprise Funds
Cash Basis of Accounting
Encumbrance Types
21. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Revenue
Purchase Order
Fund Balance
Service and Supplies
22. A self-balancing set of accounts.
Capital Budget
Capital Project
Fiduciary Fund
Fund
23. 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
Proprietary Funds
Fund
Line-Item Budget
24. 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
Baseline Budget
Genaral Revenue Allocation
Funds
25. 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
Revenue
Line-Item Budget
Funds
Enterprise Fund
26. 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.
Internal Service Funds
Bond
Preliminary Budget
Chart of Accounts
27. 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.
Debt Service Funds
Indirect Project
Revenue
Fiduciary Fund
28. 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.
Governmental Funds
Purchase Order
Baseline
Capital Project
29. An accounting method is used to allocate the costs associated with an activity to the individuals - groups - or organizations benefiting from that activity. Costs are based on activites rather than accounting data.
Baseline
Reserve
Cost Applied
Activity- Based Costing (ABC)
30. The spread of an assets cost over the time period it is used.
Bond
Baseline Budget
Depreciate
Funds Available
31. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Depreciation
Special Revenue Fund
Capital Outlay Fund (COA)
Adopted Budget/Operational Plan
32. An itemized statement of money owed for goods shipped or services rendered
Service and Supplies
Expenditure
Invoice
Line Type
33. Accounts for the County's financial resources except those required to be accounted for in another fund.
Account
Average Balance
Governmental Funds
General Fund
34. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Trust Fund
Funds Available
Genaral Revenue Allocation
General Purpose Revenue
35. 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.
Internal Service Fund (ISF)
Blanket Purchase Agreement
Capital Project Fund
General Fund
36. 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
Current Budget
Encumbrance Types
Unanticipated Revenue
Appropriation
37. 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.
Pension and other employee benefit Trust Fund
Genaral Revenue Allocation
Chart of Accounts
Adopted Budget
38. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Reserve
Award
Account Segment
Supplier
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
Debt Service
Capital Projects Funds
Blanket Purchase Agreement
Chart of Accounts
40. 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.
Spending Funds
Estimated Revenue
Capital Budget
Funds Available
41. 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
Full Cost
Contract or Contract Purchase Agreement (CPA)
Genaral Revenue Allocation
Indirect Cost or Indirect Expense
42. 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
Invoise Types
Internal Service Fund (ISF)
Indirect Cost of Expense
43. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Service and Supplies
Depreciate
General Fund
Capital Project Fund
44. The budget amounts for a project at the first successful Baselining of the project.
Original Budget
Productive Time
Fund
Cash Basis of Accounting
45. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Line-Item Budget
Commitment
Genaral Revenue Allocation
Invoise Types
46. 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).
Capital Projects Funds
Fiduciary Fund
Direct Expense
Capital Project Fund
47. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Funds Available
Capital Project Fund
Enterprise Funds
Purchase Requsition
48. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Account
Bond
Data Warehouse
Expenditure
49. 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.
Bond
Standard Purchase Order
Estimated Revenue
Depreciation
50. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Special Revenue Fund
Baseline Budget
Expenditure Type
Standard Purchase Order