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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. A five-year list of planned capital projects - developed by the Department of General Services.
Fund
Capital Improvement Plan (CIP)
Trust Fund
Unanticipated Revenue
2. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).
Baseline Budget
General Fund
Encumbrance Types
Proprietary Funds
3. The electronic process of mainaining an itemized list of current inventory.
Expenditure
Debt Service Funds
Depreciation
Asset Management
4. 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.
Deficit
Depreciation
Program Budget
Special Revenu Fund
5. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
General Purpose Revenue
Estimated Revenue
Grant
Account
6. An accounting device established to control receipts and disbursements set aside to support specific activities.
Depreciation
Cost Budget
Estimated Revenue
Fund
7. 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.
Capital Project Fund
Spending Funds
Grant
Encumbrance Types
8. 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.
Capital Improvement Plan (CIP)
Board of Supervisors
Proprietary Funds
General Purpose Revenue
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.
Grant
Proprietary Funds
Deficit
Expenditures
10. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Activity- Based Costing (ABC)
Commitment
Invoise Types
Physical Intentory
11. 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.
Physical Intentory
Inventory Item
Invoise Types
Adopted Budget/Operational Plan
12. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Overrealized Revenue
Estimated Revenue
Internal Service Fund (ISF)
Proprietary Funds
13. 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
Raw Cost
Grant
Direct Cost or Direct Expense
General Purpose Revenue
14. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Capital Project Fund
Fund
Cost Budget
General Fund
15. 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.
Revenue
Genaral Revenue Allocation
Activity- Based Costing (ABC)
Org.
16. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Capital Project
Pension and other employee benefit Trust Fund
Cost Applied
Supplier
17. 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.
Enterprise Fund
Adopted Budget
Direct Expense
Award
18. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Debt Service Funds
Account
Proprietary Funds
Capital Improvement
19. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.
Indirect Cost or Indirect Expense
Average Balance
Invoise Types
Full Cost
20. 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.
Indirect Cost of Expense
Unanticipated Revenue
Standard Purchase Order
Accrual Basis of Accounting
21. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Genaral Revenue Allocation
Deficit
Change Letter
Capital Improvement Plan (CIP)
22. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Genaral Revenue Allocation
Invoice
Account Segment
Release
23. 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
Contract or Contract Purchase Agreement (CPA)
Indirect Cost or Indirect Expense
Service and Supplies
Asset Inventory
24. The most recently baselined budget version of the budget.
General Purpose Revenue
Current Budget
Internal Service Fund (ISF)
Expenditures
25. 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.
Purchase Order
Estimated Revenue
Indirect Project
Board of Supervisors
26. 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
Purchase Requsition
Capital Outlay Fund (COA)
Invoice
27. 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 -
Fixed Asset
Grant
Capital Project
Special Revenue Fund
28. 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.
Cost Budget
Accounting Standards
Indirect Project
Productive Time
29. 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
Physical Intentory
Capital Improvement
Productive Time
General Purpose Revenue
30. 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
Revenue
Encumbrance
Avoidable Cost
Invoice
31. 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.
General Purpose Revenue
Inventory Item
Adopted Budget
Indirect Cost of Expense
32. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Internal Service Funds
Preliminary Budget
Full Tim Equivalency (FTE)
Purchase Requsition
33. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Capital Project Fund
Internal Agreement
Data Warehouse
Grant
34. 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
Fund
Appropriation
Purchase Requsition
Depreciate
35. One or more funds that account for the goods and services provided by one department to another within a government on a cost-reimbursement basis. ( General Services Facilities Management - Fleet Maintenance - and Document Services ISF) will budget a
Internal Service Fund (ISF)
Encumbrance
Invoice
Capital Project Fund
36. 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
Change Letter
Line-Item Budget
Baseline
Estimated Revenue
37. A self-balancing set of accounts.
Cash Basis of Accounting
Revenue
Fund
Indirect Cost or Indirect Expense
38. 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.
Grant
Productive Time
Purchase Requsition
Data Warehouse
39. 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.
Standard Purchase Order
Asset Inventory
Encumbrance
Funds Available
40. 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.
Expenditure
Baseline
Preliminary Budget
Special Revenue Fund
41. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Fund Balance
Baseline Budget
Invoice
Internal Service Fund (ISF)
42. 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).
Org.
Depreciate
Fixed Asset
Funds Available
43. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Enterprise Funds
Full Cost
Depreciation
Grant
44. 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.
Average Balance
Expensed Inventory
Fiduciary
Expenditures
45. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Debt Service
Asset
Pension and other employee benefit Trust Fund
Account Segment
46. 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.
Encumbrance
Supplier
Obligation
Org.
47. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Internal Service Fund (ISF)
Baseline Budget
Revenue
Full Tim Equivalency (FTE)
48. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.
Activity- Based Costing (ABC)
Org.
Funds
Chart of Accounts
49. Enterprise Funds - Internal Service Fund
Proprietary Funds
Release
Baseline
Account Segment
50. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Cost Applied
Asset Inventory
Blanket Purchase Agreement
Estimated Revenue