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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. 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






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






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






4. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.






5. 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.






6. 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.






7. 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.






8. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.






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






10. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.






11. 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.






12. Assures suppliers that sufficient funds wil be available once the order is filled. Also are known as obligations and commitments - and only become expenditures when paid or when the actual liability is recorded.






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






14. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.






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






16. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.






17. 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).






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






19. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.






20. 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.






21. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.






22. Units of work that can be broken down into one or more task to capture and related revenue.






23. 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).






24. 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






25. An appropriation used for goods and services ordered and received - whether paid or unpaid - including provisions for debt retirement and capital outlays. Encumbrances do not become expenditures until they are paid.






26. Accounts for the accumulation for and the payment of general long-term principal and interest.






27. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.






28. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD






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






30. 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.






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






32. Revenues are recorded when measurable and earned ( rather than when cash is received - and expenses are recognized when a good or service is used( rather thane when payment is made).






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






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






35. 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.






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






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






38. 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






39. 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.






40. 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.






41. 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.






42. 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.






43. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.






44. The account structure an enterprise uses to record transactions and maintain account balances.






45. 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






46. 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.






47. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.






48. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.






49. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.






50. Accounts for assets held by government in a trustee capacity for public employement retirement systems.