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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. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Raw Cost
Debt Service
Internal Service Funds
Service and Supplies
2. 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
Force Account
Direct Expense
Fund
Trust Fund
3. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Line-Item Budget
Cost Budget
General Fund
Capital Budget
4. 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
Internal Service Fund (ISF)
Indirect Cost or Indirect Expense
Original Budget
Fund
5. 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.
Asset
Direct Cost or Direct Expense
Productive Time
Obligation
6. 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.
Change Letter
Estimated Revenue
Capital Projects Funds
Adopted Budget
7. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Pension and other employee benefit Trust Fund
Award
Invoise Types
Encumbrance
8. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Service and Supplies
Standard Purchase Order
Enterprise Funds
General Fund
9. 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.
Debt Service
Asset Inventory
Internal Service Fund (ISF)
Physical Intentory
10. 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
Encumbrance
Internal Service Funds
Physical Intentory
11. Units of work that can be broken down into one or more task to capture and related revenue.
Enterprise Funds
Fiduciary Fund
Project
General Fund
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
Blanket Purchase Agreement
Line Budget Item
Capital Project Fund
Estimated Revenue
13. Accounts for the accumulation for and the payment of general long-term principal and interest.
Accrual Basis of Accounting
Debt Service Funds
Estimated Revenue
Special Revenue Fund
14. 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.
Asset
General Fund
Board of Supervisors
Avoidable Cost
15. An anticipated expenditure as indicated by approval of requistion. Oracle Purchasing will send commitments to the General Ledger and Projects and Grants and it will be recorded as an encumbrance type.
Depreciation
Enterprise Fund
Commitment
Revenue
16. 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.
Overrealized Revenue
Full Tim Equivalency (FTE)
Unanticipated Revenue
Internal Service Fund (ISF)
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.
Encumbrance
Indirect Project
Depreciation
Direct Cost or Direct Expense
18. Is derived from taxes - licenses - fees - and investment earnings.
Overrealized Revenue
Revenue
Fund Balance
Asset
19. 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.
Accounting Standards
Direct Cost or Direct Expense
Direct Expense
Proprietary Funds
20. The term used for major contsruction projects - the acqusition of land - and the investment in major Capital Assets in the County. The project assets are of significant value and have a useful life of five years or more. Imcude the purchase of land -
Fiduciary
Commitment
Capital Project
Adopted Budget
21. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Purchase Requsition
Genaral Revenue Allocation
Encumbrance
Fund
22. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.
Award
Genaral Revenue Allocation
Service and Supplies
Funds
23. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Cost Applied
Debt Service
Revenue
Avoidable Cost
24. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Depreciation
Cash Basis of Accounting
Fund Balance
Depreciate
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.
Fund
Fixed Asset
Commitment
Capital Budget
26. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Full Tim Equivalency (FTE)
Cost Applied
Preliminary Budget
Asset Inventory
27. 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
Line Budget Item
Activity- Based Costing (ABC)
Data Warehouse
28. An itemized statement of money owed for goods shipped or services rendered
Proprietary Funds
Accrual Basis of Accounting
Line Type
Invoice
29. 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
Unanticipated Revenue
Avoidable Cost
Capital Improvement Plan (CIP)
30. 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.
Productive Time
Trust Fund
Special Revenu Fund
Fund
31. An accounting device established to control receipts and disbursements set aside to support specific activities.
Raw Cost
Accounting Standards
Fund
Data Warehouse
32. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Asset
Physical Intentory
Baseline Budget
Capital Outlay Fund (COA)
33. 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
Asset Management
Adopted Budget/Operational Plan
Pension and other employee benefit Trust Fund
34. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds
Proprietary Funds
Direct Cost or Direct Expense
Governmental Funds
Capital Project Fund
35. 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.
Baseline Budget
Preliminary Budget
Proprietary Funds
Full Tim Equivalency (FTE)
36. A five-year list of planned capital projects - developed by the Department of General Services.
Cost Applied
Estimated Revenue
Capital Improvement Plan (CIP)
Revenue
37. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Baseline Budget
Invoice
Internal Agreement
Project
38. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Overrealized Revenue
Line Budget Item
Invoise Types
Line Type
39. 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).
Cash Basis of Accounting
Board of Supervisors
Revenue
Raw Cost
40. 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.
Expenditures
Fund
Grant
General Fund
41. 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
Adopted Budget/Operational Plan
Capital Project Fund
Funds
42. 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)
Enterprise Fund
General Fund
Revenue
43. 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 Assets
Deficit
Capital Outlay Fund (COA)
Program Budget
44. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Force Account
Physical Intentory
Org.
Depreciation
45. 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.
Cash Basis of Accounting
Expenditure Type
General Purpose Revenue
Internal Agreement
46. The account structure an enterprise uses to record transactions and maintain account balances.
Chart of Accounts
Capital Project
Appropriation
Encumbrance Types
47. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Avoidable Cost
Internal Service Fund (ISF)
Indirect Project
Enterprise Funds
48. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Full Tim Equivalency (FTE)
General Purpose Revenue
Force Account
General Fund
49. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Debt Service Funds
Bond
Internal Service Fund (ISF)
Proprietary Funds
50. 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
Indirect Cost or Indirect Expense
Service and Supplies
Debt Service
Appropriation