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 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.
Genaral Revenue Allocation
General Fund
Accounting Standards
Fiduciary
2. 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.
Current Budget
Supplier
Deficit
Capital Budget
3. 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.
Productive Time
Capital Improvement Plan (CIP)
Award
Supplier
4. 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
Inventory Items
Bond
Enterprise Fund
Original Budget
5. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD
Account Segment
Purchase Requsition
General Purpose Revenue
Pension and other employee benefit Trust Fund
6. 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.
Depreciation
Asset
Fiduciary Fund
Adopted Budget
7. 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.
Accrual Basis of Accounting
Genaral Revenue Allocation
Program Budget
Spending Funds
8. 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.
Direct Expense
Original Budget
Revenue
Obligation
9. The amount of direct and indirect costs that would be reduced or eliminated if a service currently provided by County staff were to be provided by contract. These costs are typically include all direct and variable costs - as well as any portions of
Avoidable Cost
Proprietary Funds
Project
Expensed Inventory
10. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Raw Cost
Fund
Overrealized Revenue
Cost Budget
11. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Pension and other employee benefit Trust Fund
Internal Agreement
Original Budget
Preliminary Budget
12. 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.
Preliminary Budget
Accounting Standards
Contract or Contract Purchase Agreement (CPA)
Purchase Order
13. 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.
Direct Cost or Direct Expense
Asset Inventory
Encumbrance
Fund
14. 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.
Account
Depreciation
Org.
Estimated Revenue
15. An itemized statement of money owed for goods shipped or services rendered
Debt Service Funds
Expensed Inventory
Invoice
Special Revenue Fund
16. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Genaral Revenue Allocation
Unanticipated Revenue
Productive Time
Fund Balance
17. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
Cash Basis of Accounting
Funds
Line Type
Proprietary Funds
18. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Original Budget
Inventory Items
Full Tim Equivalency (FTE)
Blanket Purchase Agreement
19. An initial building of the budget using a base year usually the second of the prior year's Operational Plan) for non salary related accounts and recalculated salary and benefits costs based on current positions loaded into BRASS from PeopleSoft.
General Purpose Revenue
Contract or Contract Purchase Agreement (CPA)
Spending Funds
Preliminary Budget
20. An account that contains money set aside for a legaly restricted specifi future use.
Asset Management
Reserve
Direct Cost or Direct Expense
Board of Supervisors
21. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Capital Outlay Fund (COA)
Baseline Budget
Special Revenu Fund
Capital Assets
22. 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.
Depreciation
Org.
Adopted Budget
Reserve
23. 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.
Purchase Requsition
Inventory Item
Capital Improvement Plan (CIP)
Internal Service Funds
24. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Cost Applied
Genaral Revenue Allocation
Full Tim Equivalency (FTE)
Capital Improvement Plan (CIP)
25. Fund is an independent fiscla and accounting entity.
Account
General Purpose Revenue
Debt Service
Fund
26. 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
Blanket Purchase Agreement
Cost Applied
Project
Force Account
27. 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
Inventory Items
Standard Purchase Order
Governmental Funds
Preliminary Budget
28. 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.
Indirect Cost of Expense
Physical Intentory
Depreciation
Governmental Funds
29. 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.
Preliminary Budget
Grant
Invoice
Overrealized Revenue
30. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Indirect Cost or Indirect Expense
Expenditure
Capital Outlay Fund (COA)
Capital Project
31. 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.
Service and Supplies
Data Warehouse
Account
Fixed Asset
32. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Revenue
Enterprise Fund
Capital Improvement Plan (CIP)
Capital Outlay Fund (COA)
33. 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.
Expenditure
Grant
Expenditures
Debt Service Funds
34. 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.
Estimated Revenue
Chart of Accounts
Encumbrance
Invoice
35. 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 -
Force Account
Capital Project
Encumbrance
General Fund
36. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Project
Direct Expense
Program Budget
Asset
37. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Asset Inventory
Supplier
Inventory Items
Asset Management
38. 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 -
Enterprise Fund
Encumbrance
Genaral Revenue Allocation
Bond
39. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Invoice
Project
Asset Management
Cash Basis of Accounting
40. To approve an award budget for use in reporting and accounting.
Revenue
General Fund
Baseline
Commitment
41. The difference between budgeted amounts and all actual and anticipated expenditures.
Enterprise Fund
Supplier
Funds Available
Preliminary Budget
42. 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
Overrealized Revenue
Depreciation
Enterprise Fund
Baseline Budget
43. 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).
Accrual Basis of Accounting
Award
Cost Applied
Overrealized Revenue
44. 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.
Depreciation
Inventory Item
Debt Service Funds
Fiduciary
45. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Accrual Basis of Accounting
Cash Basis of Accounting
Physical Intentory
Capital Improvement
46. 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.
Governmental Funds
Capital Outlay Fund (COA)
Full Cost
Internal Service Funds
47. 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 ).
Debt Service Funds
Invoice
Cost Applied
Indirect Project
48. 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
General Purpose Revenue
Enterprise Fund
Estimated Revenue
Capital Project Fund
49. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Supplier
Purchase Order
Original Budget
Debt Service Funds
50. Trust Fund and Agency Funds
Spending Funds
Expenditure
Fiduciary
Capital Assets
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