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






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






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






4. 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.






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






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






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






8. 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






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






10. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.






11. 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






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






13. 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.






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






15. 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.






16. 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.






17. 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.






18. 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.






19. Fund is an independent fiscla and accounting entity.






20. Enterprise Funds - Internal Service Fund






21. 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.






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






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






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






25. 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






26. 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






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






28. 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.






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






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






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






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






33. 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






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






35. 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.






36. 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.






37. 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.






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






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






40. 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






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






42. 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.






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






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






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






46. 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).






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






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.






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