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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 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.






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






3. 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






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






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






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






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






8. An Inventory carried on accounting records as an asset whose stock items are valued at their unit cost times their quantity on hand - and the stock value is not expensed to a final user account until the material is issued to that user.






9. 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.






10. 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.






11. 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.






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






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






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






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






16. 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.






17. With separate revenue - expenditures - and fund balances. A legal independet fiscal and accounting entity - to record its cash and other resources and equties - assets - liabilities - reserves and surplus ( fund balance) as well as its income and exp






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






19. 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






20. 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






21. 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






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






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






24. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.






25. 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.






26. 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.






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






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






29. 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






30. 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.






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






32. 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 ).






33. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.






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






36. 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.






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






38. 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.






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






40. 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






41. Enterprise Funds - Internal Service Fund






42. Fund is an independent fiscla and accounting entity.






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






44. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.






45. The difference between budgeted amounts and all actual and anticipated expenditures.






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






47. 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.






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






49. 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






50. 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