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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. 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 ).
Account
Commitment
Indirect Project
Obligation
2. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Invoice
Proprietary Funds
Fiduciary
Physical Intentory
3. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Cost Applied
Avoidable Cost
Accrual Basis of Accounting
Unanticipated Revenue
4. 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.
Funds
Purchase Requsition
Line-Item Budget
Baseline
5. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Unanticipated Revenue
Funds
Special Revenu Fund
Data Warehouse
6. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Line Budget Item
Trust Fund
Capital Project
Special Revenue Fund
7. 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).
Internal Service Funds
Expenditure Type
Enterprise Funds
Obligation
8. 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
Internal Service Funds
Debt Service
Proprietary Funds
Line-Item Budget
9. Annual principal and interest payments that local government owes on borrowed money.
Debt Service
Fiduciary
Special Revenue Fund
Indirect Project
10. The budget amounts for a project at the first successful Baselining of the project.
Trust Fund
Fund
Overrealized Revenue
Original Budget
11. 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
Fiduciary
Bond
Chart of Accounts
Depreciation
12. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Fund
Unanticipated Revenue
Capital Projects Funds
Internal Service Funds
13. 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.
Contract or Contract Purchase Agreement (CPA)
General Purpose Revenue
Spending Funds
Asset Management
14. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Depreciation
Preliminary Budget
Special Revenu Fund
Direct Expense
15. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Project
Debt Service
General Purpose Revenue
Fund
16. 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.
Adopted Budget
Commitment
Funds
Genaral Revenue Allocation
17. The amount of revenue expected to accrue or to be collected during a fiscal year.
Debt Service
Inventory Items
Estimated Revenue
Debt Service Funds
18. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Internal Service Fund (ISF)
Capital Project
Service and Supplies
Direct Cost or Direct Expense
19. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Enterprise Fund
Baseline
Funds Available
Invoice
20. 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.
Deficit
Invoice
Capital Budget
Revenue
21. An account that contains money set aside for a legaly restricted specifi future use.
Adopted Budget
Capital Project
Reserve
Purchase Order
22. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Baseline Budget
Enterprise Funds
Expenditure
Debt Service
23. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Cost Budget
Fund
Fund
Revenue
24. Is derived from taxes - licenses - fees - and investment earnings.
Indirect Project
Grant
Estimated Revenue
Revenue
25. 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.
Fund
Internal Service Funds
Trust Fund
Spending Funds
26. 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
Debt Service
Capital Improvement
Indirect Cost or Indirect Expense
Baseline Budget
27. 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.
Indirect Cost or Indirect Expense
Pension and other employee benefit Trust Fund
Encumbrance Types
Activity- Based Costing (ABC)
28. 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
Account
Standard Purchase Order
General Fund
29. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).
Line Type
Debt Service Funds
Preliminary Budget
Encumbrance Types
30. 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.
Encumbrance
Project
General Purpose Revenue
Internal Service Fund (ISF)
31. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Indirect Cost or Indirect Expense
Raw Cost
Capital Improvement Plan (CIP)
Asset Management
32. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD
Enterprise Fund
Invoise Types
Account Segment
Productive Time
33. 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).
Obligation
Board of Supervisors
Estimated Revenue
Revenue
34. 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.
Average Balance
Debt Service Funds
Fund
Indirect Cost of Expense
35. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Inventory Item
Standard Purchase Order
Appropriation
Debt Service Funds
36. 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
Inventory Items
Funds
Account
General Fund
37. Accounts for the accumulation for and the payment of general long-term principal and interest.
Debt Service Funds
Invoice
Change Letter
Encumbrance
38. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Full Tim Equivalency (FTE)
Accrual Basis of Accounting
Baseline
Internal Agreement
39. A self-balancing set of accounts.
Encumbrance
Internal Service Fund (ISF)
Purchase Order
Fund
40. 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).
Encumbrance
Expenditure Type
Capital Projects Funds
Inventory Items
41. 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
Encumbrance Types
Expenditures
Line Budget Item
Unanticipated Revenue
42. 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.
Program Budget
Enterprise Funds
Fund
Invoice
43. 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.
Change Letter
Special Revenue Fund
Grant
Asset Inventory
44. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Depreciation
General Purpose Revenue
Capital Outlay Fund (COA)
Original Budget
45. An accounting device established to control receipts and disbursements set aside to support specific activities.
Estimated Revenue
Project
Fund
Capital Project Fund
46. 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.
Indirect Project
Full Cost
Preliminary Budget
Baseline
47. 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.
Encumbrance
Proprietary Funds
Purchase Order
Fiduciary Fund
48. 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 Projects Funds
Bond
Overrealized Revenue
Contract or Contract Purchase Agreement (CPA)
49. The Generally Accepted Accounting Principles( GAAP) promulgated by te Governmental Accountng Standards Board - which guide the recording and reporting of financial information by state and local governments.
Enterprise Fund
Raw Cost
Full Tim Equivalency (FTE)
Accounting Standards
50. 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
Baseline Budget
Capital Improvement
Deficit
Invoise Types