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






2. 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






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. 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.






5. 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






6. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.






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






8. 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






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






10. 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.






11. 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.






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






13. Annual principal and interest payments that local government owes on borrowed money.






14. 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.






15. 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.






16. 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






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






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






19. 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






20. 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






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






22. Use of an appropriation to purchse goods and services necessary to carry out the responsibilities of a department or organization. Expenditures are decreases in net financial resources.






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






26. 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.






27. 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.






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






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






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






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. 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).






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






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






35. 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.






36. Enterprise Funds - Internal Service Fund






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






38. 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.






39. 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






40. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.






41. Fund is an independent fiscla and accounting entity.






42. 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.






43. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.






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






45. 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.






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






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






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






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






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