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






2. An account that contains money set aside for a legaly restricted specifi future use.






3. Enterprise Funds - Internal Service Fund






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






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






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






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






8. 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






9. 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.






10. 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.






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






12. 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 -






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






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






15. When one department or fund desires services from another department or fund and the department or fund providing the service sgree to a scope of work and an estimated budget and schedule.






16. A non-asset inventory that has already been expensed to a final use account and is thus carried and tracked as a on hand balance only - with an accounting value of zero.






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






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






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






21. 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.






22. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.






23. 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






24. 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.






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






26. Assets - which are intended to be held or used for an extended periof of time - such as land - buildings - structures - machinery - furniture - and other equipment. Any piece of equipment costing $5 -000 or more must be purchased as a fixed asset.






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






28. One of two classes of projects to be used by the County. Capital projects capture costs ( including depreciation) and revenue associated with the construction or acquisition of infrastructure ( i.e. road improvements bridges - etc) - buildings - othe






29. 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.






30. 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.






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






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






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






34. 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.






35. 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.






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






37. 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 ).






38. 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.






39. 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).






40. 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






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






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






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






44. 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).






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






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






47. 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






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.






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






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







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