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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. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Full Tim Equivalency (FTE)
Adopted Budget
Special Revenue Fund
Current Budget
2. The difference between budgeted amounts and all actual and anticipated expenditures.
Funds Available
Board of Supervisors
Funds
Trust Fund
3. The spread of an assets cost over the time period it is used.
Capital Budget
Cost Budget
Depreciate
Asset
4. 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
Capital Project
General Purpose Revenue
Enterprise Fund
Special Revenue Fund
5. Enterprise Funds - Internal Service Fund
Supplier
Avoidable Cost
Proprietary Funds
Estimated Revenue
6. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Invoice
Full Tim Equivalency (FTE)
Grant
Debt Service
7. 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
Inventory Item
Supplier
Depreciation
Line Budget Item
8. 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.
Line-Item Budget
Board of Supervisors
Depreciation
General Purpose Revenue
9. 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
Estimated Revenue
General Fund
Debt Service Funds
Capital Assets
10. 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.
Account Segment
Full Tim Equivalency (FTE)
Invoice
Preliminary Budget
11. 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
Direct Cost or Direct Expense
Expenditures
Capital Budget
Supplier
12. A type of Purchase Order that is issued to specify agreed-to prices - delivery periods or other terms for goods or services that will be ordered ( released) for actual delivery later. A BPA is normally issued to cover a long-term agreement period suc
Asset Management
Blanket Purchase Agreement
Capital Assets
Depreciate
13. The amount of revenue expected to accrue or to be collected during a fiscal year.
Estimated Revenue
Pension and other employee benefit Trust Fund
Capital Improvement
Fund
14. 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).
Capital Improvement
Org.
Capital Projects Funds
Direct Cost or Direct Expense
15. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Grant
Debt Service Funds
Asset
Raw Cost
16. 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
Commitment
Appropriation
Spending Funds
17. 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.
Expenditure Type
Depreciation
Invoice
Release
18. 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.
General Fund
Capital Project
Internal Agreement
Accrual Basis of Accounting
19. 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.
Line Budget Item
Productive Time
Revenue
Special Revenue Fund
20. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
Governmental Funds
Chart of Accounts
Revenue
Line Type
21. A separate financial reporting unit fo budgeting - management - or accounting purposes. All budgetary transactions are recorded in accounts
Capital Project
Account
Expenditure
Estimated Revenue
22. 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.
Fiduciary Fund
Capital Budget
Capital Project Fund
23. 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.
Depreciation
Fund
Encumbrance
Productive Time
24. 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
Proprietary Funds
Reserve
Change Letter
25. 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.
Debt Service Funds
Capital Outlay Fund (COA)
Fiduciary Fund
Capital Budget
26. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Chart of Accounts
Capital Projects Funds
Average Balance
Internal Service Fund (ISF)
27. 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
Enterprise Fund
Internal Service Fund (ISF)
Line Type
Capital Budget
28. 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
Capital Improvement
Asset
Encumbrance Types
Data Warehouse
29. 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.
Purchase Requsition
Invoice
Purchase Order
Funds Available
30. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Internal Agreement
Cash Basis of Accounting
Enterprise Fund
Inventory Item
31. The most recently baselined budget version of the budget.
Depreciation
Encumbrance
Service and Supplies
Current Budget
32. 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.
Activity- Based Costing (ABC)
Direct Cost or Direct Expense
Program Budget
Productive Time
33. 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
Inventory Item
Depreciation
Line Type
Expenditures
34. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Enterprise Funds
Encumbrance
Special Revenue Fund
Fund
35. The budget amounts for a project at the first successful Baselining of the project.
Debt Service Funds
Accrual Basis of Accounting
Grant
Original Budget
36. 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.
General Purpose Revenue
Enterprise Fund
Enterprise Fund
Adopted Budget
37. An accounting device established to control receipts and disbursements set aside to support specific activities.
Debt Service Funds
Account
Standard Purchase Order
Fund
38. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds
Fund Balance
Accrual Basis of Accounting
Governmental Funds
Spending Funds
39. A type of purchasing document used to reference POs to a specific contract. It may include terms and conditions - agreed amounts - and an effective and expiration date.
Internal Service Fund (ISF)
Capital Project
Estimated Revenue
Contract or Contract Purchase Agreement (CPA)
40. 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.
Internal Service Funds
Genaral Revenue Allocation
Fixed Asset
Board of Supervisors
41. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Overrealized Revenue
Depreciation
Fiduciary Fund
Direct Cost or Direct Expense
42. 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).
Special Revenu Fund
General Fund
Expenditure Type
Encumbrance
43. Budget authority that is set aside when a purchase order or contract is approved. A limitation - reserve or obligations placed on a budget appropriation to pay for good or services that have been ordered by means of contracts - purchase orders - IA -
Encumbrance
Obligation
Depreciation
Grant
44. Accounts for the County's financial resources except those required to be accounted for in another fund.
Asset Inventory
Trust Fund
Capital Assets
General Fund
45. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Capital Outlay Fund (COA)
Genaral Revenue Allocation
Release
Invoice
46. 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.
Capital Improvement
Internal Service Fund (ISF)
Expenditure
Deficit
47. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Raw Cost
Grant
Contract or Contract Purchase Agreement (CPA)
Capital Project Fund
48. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Capital Budget
Asset
Proprietary Funds
Proprietary Funds
49. The amount of revenue expected to accrue or to be collected during a fiscal year.
Blanket Purchase Agreement
Grant
Estimated Revenue
Expensed Inventory
50. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Productive Time
Debt Service
Full Tim Equivalency (FTE)
Service and Supplies