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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. 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.
Fund
Internal Service Fund (ISF)
Trust Fund
Physical Intentory
2. 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).
Deficit
Capital Projects Funds
Internal Agreement
Board of Supervisors
3. 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.
Data Warehouse
Program Budget
Encumbrance
Asset Inventory
4. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Proprietary Funds
Depreciation
Capital Outlay Fund (COA)
Average Balance
5. 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.
Debt Service Funds
Invoice
Preliminary Budget
Project
6. 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
Enterprise Fund
Special Revenu Fund
Fund
Pension and other employee benefit Trust Fund
7. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.
Depreciation
Reserve
Funds
General Purpose Revenue
8. The difference between budgeted amounts and all actual and anticipated expenditures.
General Purpose Revenue
Indirect Cost of Expense
Funds Available
Encumbrance Types
9. 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.
Funds
Unanticipated Revenue
Expenditure
Change Letter
10. Revenues are recorded when measurable and earned ( rather than when cash is received - and expenses are recognized when a good or service is used( rather thane when payment is made).
Activity- Based Costing (ABC)
Revenue
Accrual Basis of Accounting
Preliminary Budget
11. The budget amounts for a project at the first successful Baselining of the project.
Original Budget
Full Cost
Fixed Asset
Expensed Inventory
12. 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
Fund
Purchase Order
Capital Assets
Account
13. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Indirect Project
Enterprise Fund
Adopted Budget/Operational Plan
Capital Project Fund
14. 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).
Overrealized Revenue
Revenue
Genaral Revenue Allocation
Debt Service Funds
15. 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
Fund
Org.
Cash Basis of Accounting
Direct Expense
16. To approve an award budget for use in reporting and accounting.
Fiduciary Fund
Depreciation
Overrealized Revenue
Baseline
17. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Fund Balance
Debt Service Funds
Fiduciary
Encumbrance
18. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
General Fund
Invoice
Deficit
Direct Cost or Direct Expense
19. 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 ).
Expenditures
Service and Supplies
Depreciation
Indirect Project
20. 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.
Expensed Inventory
Debt Service
Reserve
Expenditures
21. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds
Fund
Board of Supervisors
Governmental Funds
Change Letter
22. An account that contains money set aside for a legaly restricted specifi future use.
Grant
Debt Service
Reserve
Preliminary Budget
23. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Expensed Inventory
Baseline Budget
Asset Management
Change Letter
24. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Asset Inventory
Asset Management
General Fund
Revenue
25. A type of purchase order that can be issued for delivery of goods or services for specific dates and locations. Each standard purchase order line can have multiple shipments and ca distribute the quantity of each shipment across multiple accounts.
Standard Purchase Order
Account Segment
Indirect Cost or Indirect Expense
Cost Applied
26. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Proprietary Funds
Change Letter
Cost Budget
Capital Assets
27. A self-balancing set of accounts.
Capital Improvement
General Fund
Fund
Expensed Inventory
28. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Debt Service
Internal Service Funds
General Fund
Account
29. 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
Fund
Revenue
Invoice
Appropriation
30. 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
Board of Supervisors
Capital Outlay Fund (COA)
Enterprise Fund
Funds
31. 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.
Revenue
Special Revenue Fund
Preliminary Budget
Full Cost
32. The amount of revenue expected to accrue or to be collected during a fiscal year.
Revenue
Inventory Item
Contract or Contract Purchase Agreement (CPA)
Estimated Revenue
33. 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.
Encumbrance
Depreciation
Indirect Cost or Indirect Expense
Inventory Items
34. 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 -
Program Budget
Capital Project
Expenditure
Revenue
35. 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.
Commitment
Line Budget Item
Debt Service
Fiduciary
36. 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
Current Budget
Force Account
Contract or Contract Purchase Agreement (CPA)
Account Segment
37. 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.
Force Account
Release
Full Tim Equivalency (FTE)
Activity- Based Costing (ABC)
38. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Fund
Depreciation
Debt Service
Asset Management
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.
Trust Fund
Asset
Purchase Requsition
Contract or Contract Purchase Agreement (CPA)
40. 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 -
Depreciate
Invoise Types
Encumbrance
Governmental Funds
41. An itemized statement of money owed for goods shipped or services rendered
Direct Expense
Baseline Budget
Encumbrance
Invoice
42. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
General Purpose Revenue
Trust Fund
Proprietary Funds
Internal Agreement
43. 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)
Purchase Requsition
Force Account
Spending Funds
44. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
Chart of Accounts
Org.
Line Type
Funds Available
45. 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
Release
Program Budget
Revenue
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.
Expenditure
Purchase Order
Full Cost
Depreciation
47. 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.
Funds Available
Indirect Cost or Indirect Expense
Internal Agreement
Capital Budget
48. 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.
Inventory Item
Chart of Accounts
Reserve
Asset Management
49. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Estimated Revenue
Indirect Cost of Expense
Special Revenu Fund
Full Tim Equivalency (FTE)
50. Accounts for the County's financial resources except those required to be accounted for in another fund.
General Fund
Release
Governmental Funds
Preliminary Budget