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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. 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.






2. The budget amounts for a project at the first successful Baselining of the project.






3. 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 - as distiquished from overhead and other indirect costs which most be prorated among several products or services - dep






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






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






6. 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.






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






8. 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






9. 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).






10. An accounting device established to control receipts and disbursements set aside to support specific activities.






11. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.






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






13. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).






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






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






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






17. 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.






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






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






20. Trust Fund and Agency Funds






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






22. 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






23. 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.






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






25. 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.






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






27. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.






28. The most recently baselined budget version of the budget.






29. 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






30. 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 -






31. 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






32. To approve an award budget for use in reporting and accounting.






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






34. 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.






35. 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






36. 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.






37. 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






38. 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.






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






40. A separate financial reporting unit fo budgeting - management - or accounting purposes. All budgetary transactions are recorded in accounts






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






42. 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.






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






44. 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.






45. 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.






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






47. 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.






48. 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.






49. 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






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