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






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






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






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






5. An Actual order(sub-order) of goods and services issued against a Blanket Purchase Agreement (BPA) for actual delivery with specified quantities - dates and the accounting information.






6. 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.






7. 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






8. A method employed in the constructon and /or maintenance of projects and activities - wherby the County's own personnel are used to perform the services - instead of an outside contractor. This method may also call for the purchase or use of the Coun






9. 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






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






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






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






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






14. 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).






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






16. 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.






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






18. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.






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






20. 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.






21. 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.






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 budget Format prescribed by the State Controller. Refers to account and sub-account detail typically provided by revenue source - and objects of expenditures based on the types of goods or services(salaries & benefits - services & supplies - other






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






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






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






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






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






29. Is derived from taxes - licenses - fees - and investment earnings.






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






31. 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.






32. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.






33. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.






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






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






36. 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.






37. 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.






38. 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 ).






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






40. 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






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






42. 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






43. 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.






44. 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.






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






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






47. A classification of cost that is assigned to each expenditure items. Expenditure types are grouped into cost groups ( expenditure categories) and revenue groups ( revenue categories).






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






49. 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.






50. 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.







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