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






2. 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.






3. To approve an award budget for use in reporting and accounting.






4. A five-year list of planned capital projects - developed by the Department of General Services.






5. An anticipated expenditure as indicated by approval of requistion. Oracle Purchasing will send commitments to the General Ledger and Projects and Grants and it will be recorded as an encumbrance type.






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






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






8. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.






9. 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.






10. 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.






11. 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.






12. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.






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






14. A fund used to account for the financing of good or services provided by one department to other departments of the County - or to other governmental units - on a cost-reimbursement basis.






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






16. 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






17. Units of work that can be broken down into one or more task to capture and related revenue.






18. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.






19. 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.






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






21. 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.






22. The most recently baselined budget version of the budget.






23. 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






24. 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).






25. 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






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 amount computed by dividing an aggregate balance by the number of calendar days in the related range.






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






29. 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






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






31. 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






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






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






34. 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






35. 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.






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






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






38. 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






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






40. 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.






41. 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.






42. 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.






43. 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.






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






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






46. 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.






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






48. An accounting device established to control receipts and disbursements set aside to support specific activities.






49. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.






50. 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