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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. 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.
Obligation
Change Letter
Inventory Item
Internal Agreement
2. The difference between budgeted amounts and all actual and anticipated expenditures.
Internal Service Fund (ISF)
Direct Expense
Enterprise Fund
Funds Available
3. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Fixed Asset
Chart of Accounts
Special Revenu Fund
Estimated Revenue
4. 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
Original Budget
Invoice
Internal Service Fund (ISF)
Fund Balance
5. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Revenue
Data Warehouse
Grant
Line Type
6. To approve an award budget for use in reporting and accounting.
Pension and other employee benefit Trust Fund
Capital Assets
Line-Item Budget
Baseline
7. Accounts for the County's financial resources except those required to be accounted for in another fund.
Adopted Budget
Fund
Spending Funds
General Fund
8. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.
Unanticipated Revenue
Internal Service Fund (ISF)
Debt Service
Debt Service
9. As a political subdivision of the State of California - the County is governed by a five- member Board of Supervisor - which has legislative and executed authority. Each member of the Board of Supervisors is elected by geographic district.
Fund
Avoidable Cost
Fiduciary Fund
Board of Supervisors
10. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Release
Enterprise Funds
Asset Inventory
Governmental Funds
11. 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).
Encumbrance
Revenue
Debt Service Funds
Capital Outlay Fund (COA)
12. 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
Account
Invoice
Grant
Appropriation
13. 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
Capital Project
Capital Assets
Average Balance
Capital Project Fund
14. 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
Capital Improvement Plan (CIP)
Account Segment
Fund
Direct Cost or Direct Expense
15. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Asset
Capital Outlay Fund (COA)
Original Budget
Enterprise Fund
16. Units of work that can be broken down into one or more task to capture and related revenue.
Genaral Revenue Allocation
Project
Expenditure
Deficit
17. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Trust Fund
Encumbrance
Baseline Budget
Change Letter
18. The amount of revenue expected to accrue or to be collected during a fiscal year.
Adopted Budget
Estimated Revenue
Force Account
Special Revenu Fund
19. The Generally Accepted Accounting Principles( GAAP) promulgated by te Governmental Accountng Standards Board - which guide the recording and reporting of financial information by state and local governments.
Fund Balance
Enterprise Funds
Direct Expense
Accounting Standards
20. Accounts for the accumulation for and the payment of general long-term principal and interest.
Standard Purchase Order
Debt Service Funds
Enterprise Fund
Line Type
21. 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.
Expenditures
Capital Improvement
Baseline
Revenue
22. 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
Line Budget Item
Capital Improvement
Service and Supplies
Capital Assets
23. An accounting device established to control receipts and disbursements set aside to support specific activities.
Blanket Purchase Agreement
Expenditures
Fund
Encumbrance
24. 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
Spending Funds
Line-Item Budget
Fund
Debt Service Funds
25. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Full Tim Equivalency (FTE)
General Purpose Revenue
Expenditures
Raw Cost
26. 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 -
Encumbrance
Fixed Asset
Proprietary Funds
Award
27. 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
Cost Applied
Account Segment
Proprietary Funds
Depreciation
28. 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.
Encumbrance
Debt Service
Inventory Items
Expensed Inventory
29. A five-year list of planned capital projects - developed by the Department of General Services.
Force Account
Capital Improvement Plan (CIP)
Capital Project Fund
Project
30. 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.
Enterprise Fund
Full Cost
Internal Agreement
General Purpose Revenue
31. 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.
Adopted Budget
Change Letter
Estimated Revenue
Obligation
32. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Fund
Special Revenue Fund
Proprietary Funds
Encumbrance
33. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Capital Project Fund
Productive Time
Average Balance
Purchase Order
34. 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.
Avoidable Cost
Force Account
Depreciation
Cost Budget
35. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Capital Projects Funds
General Fund
Pension and other employee benefit Trust Fund
Baseline Budget
36. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Spending Funds
Full Cost
Overrealized Revenue
Physical Intentory
37. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Proprietary Funds
Trust Fund
General Purpose Revenue
Overrealized Revenue
38. 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
Capital Projects Funds
Depreciation
Reserve
Force Account
39. 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
Supplier
Enterprise Fund
Accrual Basis of Accounting
Capital Projects Funds
40. 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.
Award
Indirect Cost of Expense
Capital Budget
Depreciation
41. A self-balancing set of accounts.
Asset Management
Unanticipated Revenue
Fund
Fund Balance
42. The account structure an enterprise uses to record transactions and maintain account balances.
Chart of Accounts
Fund
Bond
Capital Project
43. 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.
Enterprise Fund
Full Tim Equivalency (FTE)
Funds
Activity- Based Costing (ABC)
44. 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.
Depreciation
Indirect Cost or Indirect Expense
Contract or Contract Purchase Agreement (CPA)
Release
45. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.
Special Revenu Fund
Release
Funds
Fixed Asset
46. 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
Debt Service Funds
Proprietary Funds
Depreciate
47. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.
Original Budget
Internal Agreement
Expenditure Type
Invoise Types
48. 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.
Accounting Standards
Special Revenu Fund
Data Warehouse
Invoice
49. 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.
Appropriation
Purchase Order
Obligation
Productive Time
50. 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).
Indirect Cost of Expense
Original Budget
Capital Projects Funds
Board of Supervisors