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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. The spread of an assets cost over the time period it is used.
Genaral Revenue Allocation
Invoice
Depreciate
Service and Supplies
2. 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.
Internal Agreement
Fund Balance
Capital Assets
Accounting Standards
3. 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
Invoice
Direct Cost or Direct Expense
Depreciate
General Fund
4. The account structure an enterprise uses to record transactions and maintain account balances.
Internal Agreement
General Fund
Enterprise Fund
Chart of Accounts
5. 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.
Productive Time
Purchase Order
Invoice
Adopted Budget
6. Annual principal and interest payments that local government owes on borrowed money.
Data Warehouse
Inventory Item
Debt Service
Encumbrance
7. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Supplier
Line Type
Baseline
Raw Cost
8. 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
Grant
Fund Balance
Reserve
9. 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.
Program Budget
Capital Assets
Force Account
Inventory Items
10. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
General Purpose Revenue
Asset
Fund
Genaral Revenue Allocation
11. 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.
Encumbrance
Funds Available
Change Letter
Grant
12. 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
Preliminary Budget
Depreciation
Deficit
13. Is derived from taxes - licenses - fees - and investment earnings.
Revenue
Baseline Budget
Project
Inventory Item
14. 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
Proprietary Funds
General Fund
Estimated Revenue
15. A self-balancing set of accounts.
Fund
Asset Inventory
Average Balance
Release
16. The amount of revenue expected to accrue or to be collected during a fiscal year.
Purchase Order
General Purpose Revenue
Award
Estimated Revenue
17. An accounting device established to control receipts and disbursements set aside to support specific activities.
Change Letter
Inventory Item
Fund
Capital Project
18. 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 ).
Overrealized Revenue
Indirect Project
Inventory Item
Fiduciary
19. 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
Funds Available
Invoice
Expenditure
Indirect Cost or Indirect Expense
20. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Asset
Capital Project Fund
Force Account
Full Tim Equivalency (FTE)
21. 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.
General Fund
Adopted Budget
Encumbrance
Internal Service Fund (ISF)
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.
Baseline Budget
Fund
Grant
23. 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
Fund
Accounting Standards
Debt Service Funds
Expenditures
24. 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.
Purchase Order
Project
Encumbrance
Purchase Requsition
25. Trust Fund and Agency Funds
Org.
Capital Improvement Plan (CIP)
Fiduciary
Original Budget
26. 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.
Obligation
Chart of Accounts
Debt Service
Depreciate
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
Internal Service Fund (ISF)
Direct Cost or Direct Expense
Inventory Item
Adopted Budget
28. The amount of revenue expected to accrue or to be collected during a fiscal year.
Fiduciary Fund
Preliminary Budget
Fund
Estimated Revenue
29. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.
Unanticipated Revenue
Trust Fund
Raw Cost
Encumbrance
30. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Revenue
Capital Project
Data Warehouse
Line Type
31. Fund is an independent fiscla and accounting entity.
Enterprise Fund
Fund
Debt Service Funds
Adopted Budget
32. The budget amounts for a project at the first successful Baselining of the project.
Original Budget
Enterprise Funds
Invoice
Inventory Item
33. 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.
Cost Budget
Fund Balance
Estimated Revenue
Expensed Inventory
34. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
Contract or Contract Purchase Agreement (CPA)
Line Type
General Fund
Award
35. Funds that account for resources that government hold in trust for individuals or other governments. Examples include the Community Services Trust Fund for Developer deposit and School District Funds tha are included in the County Investment Pool.
Supplier
Capital Project
Fiduciary Fund
Productive Time
36. 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 Expense
General Purpose Revenue
Full Cost
Commitment
37. 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
Enterprise Fund
Program Budget
Internal Service Funds
Inventory Item
38. 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
General Fund
Bond
Funds Available
Award
39. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Original Budget
Supplier
Estimated Revenue
Grant
40. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Obligation
Debt Service
Original Budget
Adopted Budget/Operational Plan
41. 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
Invoice
Release
Baseline
42. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Accrual Basis of Accounting
Direct Expense
Cash Basis of Accounting
Average Balance
43. 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.
Release
Revenue
Activity- Based Costing (ABC)
Commitment
44. Enterprise Funds - Internal Service Fund
Full Cost
Proprietary Funds
Commitment
Direct Expense
45. 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
Internal Service Funds
Debt Service
Average Balance
Appropriation
46. 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.
Org.
Release
Debt Service
Depreciation
47. 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.
Average Balance
Award
General Purpose Revenue
Debt Service Funds
48. A five-year list of planned capital projects - developed by the Department of General Services.
Capital Improvement Plan (CIP)
Estimated Revenue
Chart of Accounts
Productive Time
49. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.
Full Tim Equivalency (FTE)
Deficit
Adopted Budget
Internal Service Fund (ISF)
50. 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.
Indirect Cost of Expense
Activity- Based Costing (ABC)
Expenditures
Proprietary Funds