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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. 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
Trust Fund
Direct Cost or Direct Expense
Force Account
Governmental Funds
2. The electronic process of mainaining an itemized list of current inventory.
Asset Management
Service and Supplies
Fund
Capital Improvement Plan (CIP)
3. The amount of revenue expected to accrue or to be collected during a fiscal year.
Estimated Revenue
Physical Intentory
Avoidable Cost
Debt Service
4. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Full Tim Equivalency (FTE)
Cash Basis of Accounting
Funds
Reserve
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.
Inventory Items
General Fund
Adopted Budget
Purchase Requsition
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.
Adopted Budget/Operational Plan
Change Letter
Encumbrance Types
Average Balance
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.
Release
Physical Intentory
Force Account
Accounting Standards
8. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Org.
Commitment
Deficit
Special Revenu Fund
9. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Standard Purchase Order
Fixed Asset
Deficit
Internal Service Funds
10. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Account
Change Letter
Capital Outlay Fund (COA)
Debt Service
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.
Accrual Basis of Accounting
Debt Service
Depreciation
Bond
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.
Encumbrance
Deficit
Account Segment
Preliminary Budget
13. Accounts for the County's financial resources except those required to be accounted for in another fund.
Capital Projects Funds
Force Account
General Fund
Encumbrance Types
14. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Average Balance
Fixed Asset
Indirect Cost of Expense
Obligation
15. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Purchase Order
Depreciate
Debt Service
Encumbrance
16. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Fund
Avoidable Cost
General Fund
Physical Intentory
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).
Revenue
Capital Budget
Supplier
Capital Improvement
18. The difference between budgeted amounts and all actual and anticipated expenditures.
Funds Available
Overrealized Revenue
Fixed Asset
Revenue
19. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Genaral Revenue Allocation
Debt Service Funds
Invoice
Data Warehouse
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.
Depreciate
Fund Balance
Productive Time
Capital Projects Funds
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.
Estimated Revenue
Unanticipated Revenue
Productive Time
Internal Service Fund (ISF)
22. Units of work that can be broken down into one or more task to capture and related revenue.
Expensed Inventory
Fund
Board of Supervisors
Project
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).
Enterprise Fund
Proprietary Funds
Capital Projects Funds
Line-Item Budget
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
Internal Agreement
Purchase Requsition
Depreciation
Inventory Item
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.
Physical Intentory
Encumbrance
Project
Expenditure
26. Accounts for the accumulation for and the payment of general long-term principal and interest.
Activity- Based Costing (ABC)
Debt Service Funds
Asset
Grant
27. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Reserve
Direct Expense
Capital Improvement Plan (CIP)
Supplier
28. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD
Encumbrance Types
Account Segment
Line-Item Budget
Funds Available
29. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Internal Service Fund (ISF)
Grant
Capital Project Fund
Org.
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.
Depreciation
Fiduciary Fund
Expenditure
Capital Budget
31. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
General Fund
Fund
Supplier
Line Type
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).
Adopted Budget
Direct Expense
Accrual Basis of Accounting
Overrealized Revenue
33. Annual principal and interest payments that local government owes on borrowed money.
Debt Service
Data Warehouse
Governmental Funds
Asset Inventory
34. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Special Revenue Fund
Asset
Capital Outlay Fund (COA)
Depreciate
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.
Grant
Full Tim Equivalency (FTE)
Standard Purchase Order
Capital Improvement Plan (CIP)
36. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds
Fund Balance
Governmental Funds
Fund
Fund
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.
Fund
Commitment
Expenditure Type
Special Revenue Fund
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
Debt Service
Indirect Cost or Indirect Expense
Reserve
Unanticipated Revenue
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.
Board of Supervisors
Special Revenu Fund
General Fund
Trust Fund
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.
Debt Service Funds
Award
Capital Project
Baseline
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.
Capital Projects Funds
Raw Cost
Program Budget
Internal Service Fund (ISF)
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.
Adopted Budget/Operational Plan
Genaral Revenue Allocation
Cash Basis of Accounting
Fiduciary Fund
43. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Indirect Project
Board of Supervisors
Enterprise Funds
Fund
44. The account structure an enterprise uses to record transactions and maintain account balances.
Chart of Accounts
Expenditures
Internal Agreement
Line Budget Item
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
Cost Applied
Funds
Revenue
Capital Improvement
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.
Invoice
Capital Assets
Accounting Standards
Fiduciary
47. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Cost Applied
Capital Project Fund
Enterprise Fund
Raw Cost
48. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Cash Basis of Accounting
Data Warehouse
Estimated Revenue
Account Segment
49. 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
Enterprise Fund
Enterprise Fund
50. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Asset Inventory
Pension and other employee benefit Trust Fund
Chart of Accounts
Fiduciary