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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. Land - improvements to land - buildings - building improvements - vehicles - machinery - equipment - works of art and historical treasures - infrastructure - and all other tangible or intangible assets that are used in operations and that have initia
Depreciate
Fund
Capital Budget
Capital Assets
2. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Capital Budget
Internal Service Fund (ISF)
Special Revenu Fund
Raw Cost
3. 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).
Expenditure Type
Org.
Encumbrance Types
Proprietary Funds
4. Accounts for the County's financial resources except those required to be accounted for in another fund.
General Purpose Revenue
Encumbrance
Capital Improvement Plan (CIP)
General Fund
5. An itemized statement of money owed for goods shipped or services rendered
Fund
Fund
Invoice
Fund
6. Includes the all elements of cost for the production of a good or service - including direct - indirect - and overhead costs. Full cost includes raw costs - plus all apllicable burden costs for raw labor.
Adopted Budget/Operational Plan
Full Cost
Current Budget
Estimated Revenue
7. 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
Internal Service Fund (ISF)
Enterprise Fund
Encumbrance
Governmental Funds
8. The electronic process of mainaining an itemized list of current inventory.
Cost Applied
Expenditure
Full Cost
Asset Management
9. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Capital Assets
Cash Basis of Accounting
Fiduciary Fund
Internal Service Funds
10. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Proprietary Funds
Expenditure
Adopted Budget/Operational Plan
Service and Supplies
11. 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.
Original Budget
Indirect Cost of Expense
Revenue
Enterprise Funds
12. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Line Type
Special Revenue Fund
Reserve
Encumbrance
13. 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.
Service and Supplies
Cost Applied
Full Tim Equivalency (FTE)
Grant
14. Are established by the Board of Supervisors and include Airports - Wastewater Management and Transit Enterprise Funds - County Sanitation Districts and various Internal Service Funds ( General Services Fleet Maintenance - Facilities Management and Do
Enterprise Fund
Purchase Requsition
Indirect Project
Debt Service Funds
15. 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
Depreciation
Grant
Internal Agreement
Bond
16. 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
Direct Cost or Direct Expense
Capital Outlay Fund (COA)
Raw Cost
Direct Expense
17. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.
Encumbrance Types
Funds
Line Budget Item
Invoice
18. 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.
Productive Time
Expenditures
Fund Balance
Asset Inventory
19. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Purchase Requsition
Invoice
Pension and other employee benefit Trust Fund
Asset Inventory
20. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Direct Cost or Direct Expense
Service and Supplies
Proprietary Funds
Capital Assets
21. 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.
Special Revenu Fund
Invoice
Cash Basis of Accounting
Grant
22. Enterprise Funds - Internal Service Fund
Proprietary Funds
Enterprise Fund
Asset Management
Line-Item Budget
23. Annual principal and interest payments that local government owes on borrowed money.
Debt Service
Trust Fund
Enterprise Funds
Governmental Funds
24. 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.
Enterprise Fund
Fixed Asset
Force Account
Internal Service Fund (ISF)
25. 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
Line Budget Item
Appropriation
Inventory Item
26. 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
Capital Project
Internal Service Funds
Raw Cost
Direct Expense
27. 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.
Purchase Order
Adopted Budget
Asset
Force Account
28. 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
Line Budget Item
Original Budget
General Purpose Revenue
Avoidable Cost
29. 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.
General Fund
Capital Improvement
Org.
Revenue
30. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Debt Service
Capital Projects Funds
Cost Budget
Depreciation
31. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds
Capital Outlay Fund (COA)
Funds
Pension and other employee benefit Trust Fund
Governmental Funds
32. Items stocked in an inventory and controlled by tracking the quantity and value of each item. Typically - each item is considered an 'asset' until it is issued or adjusted ( expensed) out of the inventory. The value of the item is equal to the curren
Enterprise Fund
Raw Cost
Inventory Items
Capital Improvement
33. 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.
Obligation
Program Budget
Account Segment
Fund Balance
34. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Fixed Asset
Pension and other employee benefit Trust Fund
Fiduciary
Capital Project
35. 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.
Debt Service
Internal Service Fund (ISF)
Revenue
Capital Outlay Fund (COA)
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.
Purchase Order
Trust Fund
Cash Basis of Accounting
Depreciate
37. Trust Fund and Agency Funds
Bond
General Fund
Physical Intentory
Fiduciary
38. 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.
Blanket Purchase Agreement
Award
Raw Cost
Account
39. 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.
Genaral Revenue Allocation
Fixed Asset
Internal Agreement
Capital Budget
40. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Enterprise Fund
Asset
Debt Service
General Purpose Revenue
41. 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.
Spending Funds
Invoice
Debt Service
42. 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.
Activity- Based Costing (ABC)
Full Tim Equivalency (FTE)
Expenditures
Enterprise Funds
43. The budget amounts for a project at the first successful Baselining of the project.
Original Budget
Direct Expense
Obligation
Indirect Cost of Expense
44. The amount of revenue expected to accrue or to be collected during a fiscal year.
Adopted Budget
Estimated Revenue
Baseline Budget
Spending Funds
45. 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
Debt Service
Debt Service Funds
Capital Improvement Plan (CIP)
Bond
46. 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
Line Budget Item
Governmental Funds
Purchase Order
Invoice
47. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Accounting Standards
Revenue
Blanket Purchase Agreement
Indirect Project
48. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.
Revenue
Capital Outlay Fund (COA)
Internal Service Fund (ISF)
Invoise Types
49. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Full Cost
Grant
Capital Outlay Fund (COA)
Original Budget
50. 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.
Debt Service Funds
Encumbrance Types
Fund
Adopted Budget/Operational Plan