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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. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Indirect Cost of Expense
Capital Project
Revenue
Fiduciary Fund
2. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD
Org.
Inventory Item
Grant
Account Segment
3. 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
Proprietary Funds
General Fund
Trust Fund
Blanket Purchase Agreement
4. 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.
Grant
Internal Service Funds
Revenue
Fixed Asset
5. 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
Productive Time
Line Budget Item
Physical Intentory
6. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Fund
Line Type
Enterprise Funds
Fiduciary
7. 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.
Invoice
Capital Outlay Fund (COA)
Internal Agreement
Full Tim Equivalency (FTE)
8. 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.
General Fund
Spending Funds
Obligation
Grant
9. A self-balancing set of accounts.
Revenue
Supplier
Cash Basis of Accounting
Fund
10. 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
Invoice
Fund
Depreciation
Average Balance
11. 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.
Funds Available
Purchase Order
Chart of Accounts
Invoice
12. 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 -
Average Balance
Deficit
Capital Assets
Capital Project
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.
Account
Direct Expense
Asset Inventory
Asset Management
14. 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
Funds
Avoidable Cost
Capital Project
Expenditure
15. 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).
Invoice
Internal Service Fund (ISF)
Baseline Budget
Expenditure Type
16. 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
Depreciation
Chart of Accounts
Program Budget
Activity- Based Costing (ABC)
17. 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
Expenditures
Debt Service Funds
Internal Service Fund (ISF)
Board of Supervisors
18. 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.
General Fund
Capital Project
General Purpose Revenue
Contract or Contract Purchase Agreement (CPA)
19. Expenditures related to the acquisition - expansion - or rehabilitatin of major fixed assets - such as land - buildings - structures - and certain types of equipment; remodeling/upgrades which improve or enhance the use of an existing facility or spa
Avoidable Cost
Capital Improvement
Full Tim Equivalency (FTE)
Commitment
20. 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
Fund
Direct Cost or Direct Expense
Capital Project
Avoidable Cost
21. 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).
Revenue
Depreciate
Capital Project
Blanket Purchase Agreement
22. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Pension and other employee benefit Trust Fund
Line-Item Budget
Estimated Revenue
Supplier
23. 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
Invoice
Fund Balance
Funds
Expensed Inventory
24. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).
Revenue
Baseline Budget
Encumbrance Types
Proprietary Funds
25. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Avoidable Cost
Cost Budget
Encumbrance
Adopted Budget
26. 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).
Spending Funds
Service and Supplies
Accrual Basis of Accounting
Capital Budget
27. 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
Accounting Standards
Original Budget
Account
Capital Assets
28. 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
Account
Line Budget Item
Estimated Revenue
Inventory Item
29. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Fund
Expenditure Type
Obligation
Asset
30. A five-year list of planned capital projects - developed by the Department of General Services.
Baseline
Capital Improvement Plan (CIP)
Special Revenue Fund
Fund
31. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.
Commitment
Unanticipated Revenue
Fund
Asset Management
32. Is derived from taxes - licenses - fees - and investment earnings.
Invoice
Funds Available
Original Budget
Revenue
33. 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.
Baseline Budget
Inventory Items
Full Cost
Internal Service Fund (ISF)
34. 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
Revenue
Depreciate
Bond
Account
35. 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.
Asset Inventory
Force Account
Obligation
Chart of Accounts
36. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Fund
Cost Applied
Enterprise Funds
Unanticipated Revenue
37. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Data Warehouse
Asset Management
Proprietary Funds
Enterprise Fund
38. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Original Budget
Expenditure
Capital Project Fund
Reserve
39. 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
Fiduciary Fund
Fund
Estimated Revenue
40. 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
Special Revenu Fund
Invoice
Enterprise Fund
Funds
41. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Indirect Cost or Indirect Expense
Change Letter
Expenditures
General Purpose Revenue
42. 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).
Adopted Budget
Expenditure Type
Award
Org.
43. 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
Raw Cost
Fiduciary
Blanket Purchase Agreement
Inventory Items
44. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Capital Assets
Encumbrance
Baseline Budget
Account
45. 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.
Asset Management
Current Budget
Internal Service Fund (ISF)
Invoice
46. Fund is an independent fiscla and accounting entity.
Encumbrance
Fund
Internal Agreement
Genaral Revenue Allocation
47. 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.
Preliminary Budget
Capital Outlay Fund (COA)
Accounting Standards
Fiduciary Fund
48. 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.
Full Cost
Asset Inventory
Capital Project
Award
49. An account that contains money set aside for a legaly restricted specifi future use.
Org.
Reserve
Debt Service
Invoise Types
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.
Trust Fund
Baseline Budget
Service and Supplies
Debt Service