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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 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.






2. 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






3. 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.






4. 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 -






5. A self-balancing set of accounts.






6. An account that contains money set aside for a legaly restricted specifi future use.






7. The account structure an enterprise uses to record transactions and maintain account balances.






8. 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






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






10. 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 -






11. 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).






12. 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.






13. Trust Fund and Agency Funds






14. A type of purchase order that can be issued for delivery of goods or services for specific dates and locations. Each standard purchase order line can have multiple shipments and ca distribute the quantity of each shipment across multiple accounts.






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






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






17. 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.






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






19. 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.






20. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.






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






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






23. Enterprise Funds - Internal Service Fund






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






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






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






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






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






29. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.






30. 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






31. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds






32. 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.






33. 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.






34. 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.






35. 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






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






37. 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.






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






39. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.






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






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






42. 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.






43. 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.






44. 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.






45. 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






46. A type of purchasing document used to reference POs to a specific contract. It may include terms and conditions - agreed amounts - and an effective and expiration date.






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






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






49. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.






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