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Test your basic knowledge |
Oracle Vocab
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Subjects
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oracle
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it-skills
Instructions:
Answer 50 questions in 15 minutes.
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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 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).
General Purpose Revenue
Obligation
Revenue
Direct Cost or Direct Expense
2. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Bond
Data Warehouse
Service and Supplies
Internal Service Funds
3. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Capital Outlay Fund (COA)
Supplier
Capital Improvement
Average Balance
4. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Invoice
Proprietary Funds
Fund
Cost Budget
5. 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.
Invoice
Activity- Based Costing (ABC)
General Fund
Enterprise Fund
6. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Inventory Item
Genaral Revenue Allocation
Baseline
Fund Balance
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.
Program Budget
Internal Agreement
Purchase Requsition
Debt Service Funds
8. 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.
Adopted Budget
Expenditure
Indirect Cost of Expense
Invoice
9. 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
Capital Assets
Special Revenu Fund
Enterprise Fund
General Purpose Revenue
10. Units of work that can be broken down into one or more task to capture and related revenue.
Grant
General Fund
Org.
Project
11. A legal authorization to make expenditures or to enter into obligations for specific purposes. An appropriation is usually limited in amount for each department or fund of the County and as to the time when it may be expended - normally only during t
Standard Purchase Order
Proprietary Funds
Appropriation
Debt Service Funds
12. An itemized statement of money owed for goods shipped or services rendered
Supplier
Capital Project
Fixed Asset
Invoice
13. As a political subdivision of the State of California - the County is governed by a five- member Board of Supervisor - which has legislative and executed authority. Each member of the Board of Supervisors is elected by geographic district.
Debt Service Funds
Board of Supervisors
Line Budget Item
Capital Project
14. 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.
Trust Fund
Inventory Item
Spending Funds
Asset
15. To approve an award budget for use in reporting and accounting.
Capital Project Fund
Debt Service Funds
Project
Baseline
16. The budget amounts for a project at the first successful Baselining of the project.
Direct Cost or Direct Expense
Original Budget
Debt Service Funds
Governmental Funds
17. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
Line Type
Revenue
Cost Budget
Raw Cost
18. 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.
Internal Service Fund (ISF)
Service and Supplies
Bond
Encumbrance
19. 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.
Inventory Items
Revenue
Obligation
Capital Project
20. A separate financial reporting unit fo budgeting - management - or accounting purposes. All budgetary transactions are recorded in accounts
Purchase Requsition
Fund Balance
Fixed Asset
Account
21. 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.
Full Tim Equivalency (FTE)
Inventory Item
Productive Time
Overrealized Revenue
22. 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.
Project
Adopted Budget/Operational Plan
Capital Budget
Purchase Order
23. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).
Encumbrance Types
Genaral Revenue Allocation
Invoice
Funds Available
24. An account that contains money set aside for a legaly restricted specifi future use.
Chart of Accounts
Reserve
Average Balance
Indirect Cost of Expense
25. The electronic process of mainaining an itemized list of current inventory.
Fixed Asset
Asset Management
Trust Fund
Enterprise Fund
26. 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.
Internal Service Funds
Inventory Item
Fiduciary
Revenue
27. One of two classes of projects to be used by the County. Capital projects capture costs ( including depreciation) and revenue associated with the construction or acquisition of infrastructure ( i.e. road improvements bridges - etc) - buildings - othe
Capital Improvement
General Fund
Governmental Funds
Capital Project
28. 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.
Internal Service Fund (ISF)
Raw Cost
Trust Fund
Standard Purchase Order
29. 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.
Expenditures
Indirect Project
Blanket Purchase Agreement
Full Tim Equivalency (FTE)
30. 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.
Fund
Baseline Budget
Accounting Standards
Project
31. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Fixed Asset
Internal Service Funds
Indirect Cost or Indirect Expense
Debt Service
32. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.
Funds
Bond
Special Revenue Fund
Line-Item Budget
33. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Capital Budget
Invoise Types
Cash Basis of Accounting
Raw Cost
34. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Program Budget
Fund
Full Cost
General Purpose Revenue
35. A self-balancing set of accounts.
Invoice
Internal Service Fund (ISF)
Fund
Estimated Revenue
36. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Inventory Items
Enterprise Funds
Change Letter
Funds
37. The spread of an assets cost over the time period it is used.
Obligation
Indirect Project
Depreciate
Encumbrance Types
38. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Revenue
Internal Service Fund (ISF)
Expenditure
Change Letter
39. 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).
Org.
Productive Time
Direct Expense
Grant
40. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Accrual Basis of Accounting
Account
Invoice
Capital Outlay Fund (COA)
41. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Current Budget
Adopted Budget/Operational Plan
Fund
Data Warehouse
42. The most recently baselined budget version of the budget.
Estimated Revenue
Spending Funds
Current Budget
Direct Expense
43. 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).
Grant
Expenditure Type
Capital Budget
Productive Time
44. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Pension and other employee benefit Trust Fund
Revenue
Capital Assets
Depreciation
45. 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
Special Revenu Fund
Encumbrance
Governmental Funds
Fund Balance
46. 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.
Baseline Budget
Productive Time
Capital Project Fund
Invoice
47. 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.
Full Cost
Preliminary Budget
Reserve
Chart of Accounts
48. 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.
Purchase Order
Indirect Cost of Expense
Estimated Revenue
Expenditure
49. The difference between budgeted amounts and all actual and anticipated expenditures.
Contract or Contract Purchase Agreement (CPA)
Standard Purchase Order
Cash Basis of Accounting
Funds Available
50. 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
Depreciate
Expenditure
Activity- Based Costing (ABC)
Internal Service Fund (ISF)
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