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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. 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.






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






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






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






5. 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.






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






7. The most recently baselined budget version of the budget.






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






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






10. 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.






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






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






13. 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.






14. Items that are stocked in intentory. Inventory is controlled by quantity and value. Remains an asset until it is consumed. The cost of an intentory items is recognized as an expense when it is consumed or sold.






15. 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






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






17. 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.






18. 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






19. 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.






20. 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 -






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






22. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.






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






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






25. A classification of cost that is assigned to each expenditure items. Expenditure types are grouped into cost groups ( expenditure categories) and revenue groups ( revenue categories).






26. A grant - subsidy - revenue agreement - revenue contract - or specific funding which is allocated to an organization for a specific purpose(s) and can be used to fund one or more projects - An award is usually billed or invoiced to a Customer ( i.e.






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






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






29. 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






30. 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.






31. 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.






32. A payment of money or other assets from one governmental unit to another - from a governmental unit to a not-for-profit agency - or from a not-for-profit agency to a government. Often earmarked for a specific purpose or program.






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






34. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.






35. 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






36. 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






37. 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.






38. 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.






39. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.






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






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






42. 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.






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






44. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.






45. Fund is an independent fiscla and accounting entity.






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






47. A self-balancing set of accounts.






48. An appropriation used for goods and services ordered and received - whether paid or unpaid - including provisions for debt retirement and capital outlays. Encumbrances do not become expenditures until they are paid.






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






50. 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.







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