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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. 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
Depreciate
Asset Management
Revenue
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
Fund Balance
Accrual Basis of Accounting
Avoidable Cost
Accounting Standards
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.
Project
General Purpose Revenue
Capital Budget
Line-Item Budget
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 -
Direct Expense
Change Letter
Encumbrance
Line Budget Item
5. A self-balancing set of accounts.
Fund
Line-Item Budget
Program Budget
Special Revenue Fund
6. An account that contains money set aside for a legaly restricted specifi future use.
Fund
Reserve
Line Type
Spending Funds
7. The account structure an enterprise uses to record transactions and maintain account balances.
Blanket Purchase Agreement
Funds
Chart of Accounts
Expenditure
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
Estimated Revenue
Force Account
General Fund
Reserve
9. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Data Warehouse
Avoidable Cost
Raw Cost
Grant
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 -
Capital Project
Internal Service Fund (ISF)
Full Tim Equivalency (FTE)
Direct Expense
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).
Fund
Chart of Accounts
Accrual Basis of Accounting
Fiduciary Fund
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.
Funds Available
Service and Supplies
Activity- Based Costing (ABC)
Trust Fund
13. Trust Fund and Agency Funds
Capital Project
Fiduciary
Pension and other employee benefit Trust Fund
Force Account
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.
Capital Assets
Trust Fund
Standard Purchase Order
Special Revenue Fund
15. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Capital Project Fund
Account
Full Tim Equivalency (FTE)
Supplier
16. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD
Account Segment
Bond
Line Budget Item
Special Revenu Fund
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.
Cash Basis of Accounting
Debt Service
Indirect Project
Productive Time
18. Accounts for the accumulation for and the payment of general long-term principal and interest.
Debt Service Funds
Expensed Inventory
Baseline
Governmental Funds
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.
Avoidable Cost
Encumbrance
General Fund
Release
20. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Cost Budget
Line Type
Depreciate
Expenditures
21. Accounts for the County's financial resources except those required to be accounted for in another fund.
Encumbrance Types
Expenditure
General Fund
Encumbrance
22. The difference between budgeted amounts and all actual and anticipated expenditures.
Encumbrance Types
Award
Funds Available
Line Type
23. Enterprise Funds - Internal Service Fund
Proprietary Funds
Chart of Accounts
Adopted Budget/Operational Plan
Indirect Cost of Expense
24. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Grant
Account
Fund Balance
Debt Service Funds
25. The spread of an assets cost over the time period it is used.
Depreciate
Encumbrance
Expensed Inventory
Accounting Standards
26. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Proprietary Funds
Average Balance
Estimated Revenue
Asset
27. An itemized statement of money owed for goods shipped or services rendered
Deficit
Depreciate
Invoice
Fund Balance
28. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Board of Supervisors
Fixed Asset
Revenue
Capital Outlay Fund (COA)
29. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Debt Service
Accounting Standards
Fiduciary
Adopted Budget/Operational Plan
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
Fund
Capital Project
Internal Service Fund (ISF)
Governmental Funds
31. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds
Governmental Funds
Adopted Budget
Fund Balance
Expenditure
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.
Preliminary Budget
Trust Fund
Org.
Release
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.
Expenditure Type
Spending Funds
Preliminary Budget
Indirect Cost or Indirect Expense
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.
Adopted Budget
General Fund
Project
Internal Service Fund (ISF)
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
Encumbrance Types
Estimated Revenue
Direct Expense
Fund
36. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Internal Service Funds
Full Tim Equivalency (FTE)
Cost Applied
Cash Basis of Accounting
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.
Invoice
Line Budget Item
Adopted Budget/Operational Plan
Internal Agreement
38. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Average Balance
Raw Cost
Internal Service Funds
Depreciate
39. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Funds
Data Warehouse
Internal Service Fund (ISF)
Preliminary Budget
40. The amount of revenue expected to accrue or to be collected during a fiscal year.
Standard Purchase Order
Capital Improvement Plan (CIP)
Obligation
Estimated Revenue
41. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Debt Service
Invoice
Service and Supplies
Asset Inventory
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.
Unanticipated Revenue
Release
Depreciation
Obligation
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.
Invoice
Supplier
Expenditure Type
Purchase Order
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.
General Purpose Revenue
Internal Service Fund (ISF)
Baseline
Preliminary Budget
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
Depreciation
Cash Basis of Accounting
Direct Cost or Direct Expense
Capital Outlay Fund (COA)
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.
General Purpose Revenue
Cost Applied
Contract or Contract Purchase Agreement (CPA)
Data Warehouse
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.
Enterprise Funds
Adopted Budget
Funds
Fund
48. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Proprietary Funds
Accrual Basis of Accounting
Enterprise Funds
Depreciate
49. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Invoise Types
Original Budget
Fund
Supplier
50. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Cost Budget
Productive Time
Special Revenu Fund
Physical Intentory