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Oracle Vocab

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. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.






2. 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






3. 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.






4. 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).






5. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.






6. 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.






7. 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.






8. 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.






9. 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.






10. 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






11. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.






12. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.






13. Accounts for the County's financial resources except those required to be accounted for in another fund.






14. 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.






15. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).






16. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.






17. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.






18. The budget amounts for a project at the first successful Baselining of the project.






19. 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






20. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.






21. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.






22. 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.






23. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.






24. 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.






25. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.






26. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.






27. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.






28. Accounts for assets held by government in a trustee capacity for public employement retirement systems.






29. 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.






30. Units of work that can be broken down into one or more task to capture and related revenue.






31. The difference between budgeted amounts and all actual and anticipated expenditures.






32. The amount of revenue expected to accrue or to be collected during a fiscal year.






33. Items that are stocked in intentory. Inventory is controlled by quantity and value. Remains an asset until it is consumed. The cost of an intentory items is recognized as an expense when it is consumed or sold.






34. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -






35. Trust Fund and Agency Funds






36. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.






37. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.






38. The electronic process of mainaining an itemized list of current inventory.






39. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.






40. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.






41. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.






42. 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.






43. 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.






44. 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).






45. 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).






46. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.






47. The amount of revenue expected to accrue or to be collected during a fiscal year.






48. 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






49. A five-year list of planned capital projects - developed by the Department of General Services.






50. 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