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 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.
Special Revenu Fund
Spending Funds
Indirect Cost of Expense
Blanket Purchase Agreement
2. An itemized statement of money owed for goods shipped or services rendered
Invoice
Cash Basis of Accounting
Enterprise Fund
Capital Budget
3. To approve an award budget for use in reporting and accounting.
Grant
Baseline
Direct Cost or Direct Expense
Blanket Purchase Agreement
4. An accounting device established to control receipts and disbursements set aside to support specific activities.
Inventory Item
Fund
Accrual Basis of Accounting
Appropriation
5. The amount of revenue expected to accrue or to be collected during a fiscal year.
Internal Service Funds
Grant
Estimated Revenue
Physical Intentory
6. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Fiduciary Fund
Fund
Revenue
Indirect Cost or Indirect Expense
7. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Current Budget
Special Revenu Fund
Capital Project
Program Budget
8. 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
Asset
Internal Service Fund (ISF)
Grant
9. 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.
Adopted Budget/Operational Plan
Indirect Cost of Expense
Funds Available
Depreciation
10. 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
Purchase Requsition
Cost Applied
Encumbrance Types
11. The difference between a fund's assets and its liabilites. A surplus or deficit of assets over liabilites and reserves within a specific fund or organizational unit. A comparison of projected ependitures and revenues with related appropriations. Port
Genaral Revenue Allocation
Line-Item Budget
Estimated Revenue
Fund Balance
12. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Unanticipated Revenue
Estimated Revenue
Genaral Revenue Allocation
Reserve
13. Accounts for the accumulation for and the payment of general long-term principal and interest.
Grant
Special Revenue Fund
Debt Service
Debt Service Funds
14. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Cost Applied
Adopted Budget/Operational Plan
Full Tim Equivalency (FTE)
Line Budget Item
15. Enterprise Funds - Internal Service Fund
Force Account
Proprietary Funds
Genaral Revenue Allocation
Enterprise Funds
16. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Contract or Contract Purchase Agreement (CPA)
Deficit
Fund Balance
Full Tim Equivalency (FTE)
17. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Estimated Revenue
Indirect Project
Enterprise Funds
General Fund
18. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Trust Fund
Indirect Cost of Expense
Capital Project Fund
Activity- Based Costing (ABC)
19. 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 -
General Fund
Fund
Data Warehouse
Encumbrance
20. The difference between budgeted amounts and all actual and anticipated expenditures.
Funds Available
Grant
Indirect Project
Expensed Inventory
21. 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 Balance
Appropriation
Line-Item Budget
Indirect Project
22. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Direct Cost or Direct Expense
Pension and other employee benefit Trust Fund
Debt Service
Capital Improvement
23. 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.
Enterprise Fund
Invoice
General Purpose Revenue
Contract or Contract Purchase Agreement (CPA)
24. 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
Capital Improvement
Asset Management
Blanket Purchase Agreement
Fiduciary
25. A five-year list of planned capital projects - developed by the Department of General Services.
Capital Improvement Plan (CIP)
Fiduciary
Capital Project
General Purpose Revenue
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.
Asset Inventory
Spending Funds
Program Budget
Award
27. 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.
Adopted Budget
Average Balance
Encumbrance
Commitment
28. 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.
Bond
Fiduciary Fund
Proprietary Funds
Obligation
29. 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.
Internal Service Fund (ISF)
Direct Cost or Direct Expense
Fiduciary Fund
Purchase Requsition
30. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Cash Basis of Accounting
Funds
Cost Applied
Account
31. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.
Funds
Baseline
Accrual Basis of Accounting
Change Letter
32. 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 ).
Pension and other employee benefit Trust Fund
Grant
Indirect Project
Trust Fund
33. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).
Board of Supervisors
Bond
Encumbrance Types
Invoise Types
34. Fund is an independent fiscla and accounting entity.
Fund
Invoice
Governmental Funds
Account Segment
35. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Invoice
Service and Supplies
Program Budget
Physical Intentory
36. An account that contains money set aside for a legaly restricted specifi future use.
Reserve
Cost Applied
Accrual Basis of Accounting
Grant
37. 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.
Asset Management
Baseline
Purchase Order
Contract or Contract Purchase Agreement (CPA)
38. 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
Physical Intentory
Raw Cost
Baseline Budget
39. 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).
Chart of Accounts
Capital Projects Funds
Standard Purchase Order
Accrual Basis of Accounting
40. 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 -
Capital Project
Project
Grant
Force Account
41. 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.
Supplier
Invoice
Activity- Based Costing (ABC)
Adopted Budget
42. 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
Proprietary Funds
Direct Cost or Direct Expense
Estimated Revenue
Accounting Standards
43. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
Encumbrance
Line Type
Project
Accrual Basis of Accounting
44. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Average Balance
Commitment
Project
Internal Service Funds
45. 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
Adopted Budget/Operational Plan
Activity- Based Costing (ABC)
Governmental Funds
46. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Fixed Asset
Account
Raw Cost
Capital Projects Funds
47. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Special Revenu Fund
Funds
Line-Item Budget
Average Balance
48. A budget Format prescribed by the State Controller. Refers to account and sub-account detail typically provided by revenue source - and objects of expenditures based on the types of goods or services(salaries & benefits - services & supplies - other
Cost Applied
Capital Outlay Fund (COA)
Trust Fund
Line Budget Item
49. A fund used to account for the financing of good or services provided by one department to other departments of the County - or to other governmental units - on a cost-reimbursement basis.
Baseline
Internal Service Fund (ISF)
Special Revenu Fund
Grant
50. 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
General Purpose Revenue
Fund
Internal Service Fund (ISF)
Can you answer 50 questions in 15 minutes?
Let me suggest you:
Browse all subjects
Browse all tests
Most popular tests
Major Subjects
Tests & Exams
AP
CLEP
DSST
GRE
SAT
GMAT
Certifications
CISSP go to https://www.isc2.org/
PMP
ITIL
RHCE
MCTS
More...
IT Skills
Android Programming
Data Modeling
Objective C Programming
Basic Python Programming
Adobe Illustrator
More...
Business Skills
Advertising Techniques
Business Accounting Basics
Business Strategy
Human Resource Management
Marketing Basics
More...
Soft Skills
Body Language
People Skills
Public Speaking
Persuasion
Job Hunting And Resumes
More...
Vocabulary
GRE Vocab
SAT Vocab
TOEFL Essential Vocab
Basic English Words For All
Global Words You Should Know
Business English
More...
Languages
AP German Vocab
AP Latin Vocab
SAT Subject Test: French
Italian Survival
Norwegian Survival
More...
Engineering
Audio Engineering
Computer Science Engineering
Aerospace Engineering
Chemical Engineering
Structural Engineering
More...
Health Sciences
Basic Nursing Skills
Health Science Language Fundamentals
Veterinary Technology Medical Language
Cardiology
Clinical Surgery
More...
English
Grammar Fundamentals
Literary And Rhetorical Vocab
Elements Of Style Vocab
Introduction To English Major
Complete Advanced Sentences
Literature
Homonyms
More...
Math
Algebra Formulas
Basic Arithmetic: Measurements
Metric Conversions
Geometric Properties
Important Math Facts
Number Sense Vocab
Business Math
More...
Other Major Subjects
Science
Economics
History
Law
Performing-arts
Cooking
Logic & Reasoning
Trivia
Browse all subjects
Browse all tests
Most popular tests