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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. 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.






2. 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.






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






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






5. 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 -






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






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






8. 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.






9. The version of the Operations Plan that is formally approved and implemented by the Board of Supervisors after the proposed Operational Plan has gone through a process of Change Letters - public hearing - and deliberations.






10. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.






11. 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.






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






13. 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.






14. 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






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






16. 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






17. 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






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






19. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.






20. A promise to repay borrowed money on a particular date - often ten or twenty years in the future; most bonds involve a promise to pay a specified dollar amount of interest at predetermined intervals. Bonds are a mechanism used to obtain long-term fin






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






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






23. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.






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






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






26. With separate revenue - expenditures - and fund balances. A legal independet fiscal and accounting entity - to record its cash and other resources and equties - assets - liabilities - reserves and surplus ( fund balance) as well as its income and exp






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






28. 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






29. Accounts for assets held by government in a trustee capacity for public employement retirement systems.






30. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).






31. 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.






32. 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.






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






34. The financial plan in terms of the costs of activities to be undertaken to achieve specific goals and objectives - which form a department's operational components.






35. A separate financial reporting unit fo budgeting - management - or accounting purposes. All budgetary transactions are recorded in accounts






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






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






38. 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.






39. Trust Fund and Agency Funds






40. 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.






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






42. 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.






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






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






45. 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).






46. A unit with budgetary control and/or management responsibilities for financial transactions. Represents the 'cost center'qualifier segment required in Oracle and is at the trasactional level of input( child).






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






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






49. 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.






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







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