SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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 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).
Blanket Purchase Agreement
Internal Service Funds
Expenditure Type
Revenue
2. 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.
Accrual Basis of Accounting
Original Budget
Depreciation
Asset
3. To approve an award budget for use in reporting and accounting.
Supplier
Adopted Budget
Baseline
Asset
4. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Capital Project
General Purpose Revenue
Accounting Standards
Expenditure Type
5. 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
Program Budget
Indirect Cost or Indirect Expense
Enterprise Fund
Reserve
6. 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
Capital Project Fund
Expenditures
Accounting Standards
Force Account
7. A self-balancing set of accounts.
Fiduciary
Chart of Accounts
Encumbrance
Fund
8. 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
Invoice
Adopted Budget/Operational Plan
Inventory Items
Capital Budget
9. 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.
Special Revenu Fund
Current Budget
Board of Supervisors
Indirect Cost of Expense
10. 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.
General Purpose Revenue
Encumbrance Types
Data Warehouse
Full Tim Equivalency (FTE)
11. 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.
Capital Project
Expenditure Type
Data Warehouse
Expensed Inventory
12. A five-year list of planned capital projects - developed by the Department of General Services.
Unanticipated Revenue
Cost Budget
Cost Applied
Capital Improvement Plan (CIP)
13. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Special Revenu Fund
Debt Service Funds
Depreciate
Fund
14. 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.
Special Revenue Fund
Bond
Full Cost
Activity- Based Costing (ABC)
15. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Capital Project
Overrealized Revenue
Inventory Items
Contract or Contract Purchase Agreement (CPA)
16. 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
Internal Service Fund (ISF)
Productive Time
Force Account
17. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Baseline Budget
Preliminary Budget
Capital Improvement Plan (CIP)
Change Letter
18. 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
Preliminary Budget
Encumbrance Types
Capital Improvement
Fiduciary
19. 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.
Fiduciary
Internal Agreement
Trust Fund
General Fund
20. 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.
Inventory Items
Enterprise Fund
Revenue
Full Cost
21. 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
Governmental Funds
Enterprise Fund
Purchase Order
Current Budget
22. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Debt Service Funds
Invoice
Cash Basis of Accounting
Baseline Budget
23. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Fund Balance
Activity- Based Costing (ABC)
Supplier
Asset
24. Accounts for the accumulation for and the payment of general long-term principal and interest.
Internal Agreement
Debt Service
Award
Debt Service Funds
25. 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.
Fiduciary Fund
Funds Available
Accounting Standards
Physical Intentory
26. 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.
Force Account
Preliminary Budget
Blanket Purchase Agreement
Asset Inventory
27. The Board of Supervisors approved an annual spending plan for proprietary funds. The adopted expense estimates are not appropriations - their budgetary controls are the same as those of governments funds.
Capital Improvement
Overrealized Revenue
Physical Intentory
Spending Funds
28. 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.
Baseline Budget
Contract or Contract Purchase Agreement (CPA)
Invoise Types
Purchase Order
29. 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.
Direct Cost or Direct Expense
Obligation
Change Letter
Commitment
30. 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).
Contract or Contract Purchase Agreement (CPA)
Service and Supplies
Org.
Adopted Budget/Operational Plan
31. 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
Capital Project
Debt Service Funds
Cost Budget
Fund
32. 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.
Service and Supplies
Preliminary Budget
Depreciate
Enterprise Fund
33. 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
Fixed Asset
Capital Assets
Genaral Revenue Allocation
Purchase Order
34. The budget amounts for a project at the first successful Baselining of the project.
Invoice
Encumbrance
Original Budget
Special Revenu Fund
35. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Fund Balance
Data Warehouse
Release
Expenditure Type
36. An accounting device established to control receipts and disbursements set aside to support specific activities.
Capital Project
Proprietary Funds
Award
Fund
37. 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
Original Budget
Genaral Revenue Allocation
Grant
38. 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.
Grant
Contract or Contract Purchase Agreement (CPA)
Expenditure
Indirect Cost or Indirect Expense
39. 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.
Fiduciary
Award
Raw Cost
Invoise Types
40. 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
Estimated Revenue
Internal Agreement
Proprietary Funds
41. 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
Capital Budget
Direct Expense
Unanticipated Revenue
Commitment
42. Enterprise Funds - Internal Service Fund
Original Budget
Raw Cost
Capital Budget
Proprietary Funds
43. 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.
Debt Service
Invoice
Expenditure
Deficit
44. 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.
Accounting Standards
Trust Fund
Expenditure
Grant
45. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Revenue
Encumbrance
Obligation
Service and Supplies
46. Units of work that can be broken down into one or more task to capture and related revenue.
Debt Service Funds
Estimated Revenue
Indirect Project
Project
47. 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 ).
Indirect Project
Fiduciary Fund
Cash Basis of Accounting
Inventory Item
48. The spread of an assets cost over the time period it is used.
Org.
Depreciate
Inventory Item
Fixed Asset
49. 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.
Unanticipated Revenue
Line Type
Indirect Project
Indirect Cost of Expense
50. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Org.
Revenue
Obligation
Encumbrance