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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. The account structure an enterprise uses to record transactions and maintain account balances.






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






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






4. To approve an award budget for use in reporting and accounting.






5. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.






6. 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






7. 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.






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






9. 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






10. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.






11. 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.






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






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






14. 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






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






16. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.






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






18. 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.






19. Is derived from taxes - licenses - fees - and investment earnings.






20. 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.






21. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.






22. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.






23. An internal request for goods or services. A requisiton can originate from an employee or from another process. Each requition can include many lines - generally with a distict item on each requisition line.






24. 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






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






26. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.






27. 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






28. 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






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






30. A self-balancing set of accounts.






31. 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






32. Trust Fund and Agency Funds






33. 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






34. 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.






35. 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).






36. An itemized statement of money owed for goods shipped or services rendered






37. 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.






38. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.






39. A budget format prescribed by the State Controller. Shows activities grouped by functional organization units - such as departments. The term line-items refers to account and sub-account detail typically provided for revenue by source ( e.g property






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






41. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.






42. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.






43. 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.






44. Accounts for the accumulation for and the payment of general long-term principal and interest.






45. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD






46. 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.






47. 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.






48. The spread of an assets cost over the time period it is used.






49. An accounting device established to control receipts and disbursements set aside to support specific activities.






50. 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