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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. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Depreciation
Capital Project Fund
Chart of Accounts
Enterprise Fund
2. 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.
Inventory Item
Overrealized Revenue
Revenue
Special Revenu Fund
3. 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
Invoice
Project
Enterprise Fund
Indirect Cost of Expense
4. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Capital Improvement
Change Letter
Cost Budget
Account Segment
5. 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.
Depreciation
Funds
Enterprise Fund
Award
6. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Accrual Basis of Accounting
Revenue
Capital Project
Debt Service Funds
7. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Change Letter
Project
Commitment
Award
8. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Encumbrance
Expenditures
Debt Service Funds
Bond
9. Accounts for the County's financial resources except those required to be accounted for in another fund.
Expenditures
Baseline
General Fund
Expenditure Type
10. 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
Invoice
Internal Service Fund (ISF)
Capital Project
Grant
11. An Actual order(sub-order) of goods and services issued against a Blanket Purchase Agreement (BPA) for actual delivery with specified quantities - dates and the accounting information.
Internal Agreement
Release
Estimated Revenue
Expenditure Type
12. An accounting device established to control receipts and disbursements set aside to support specific activities.
Release
Funds
Fund
Change Letter
13. 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
Cash Basis of Accounting
Line Budget Item
Account
Indirect Cost or Indirect Expense
14. 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
Activity- Based Costing (ABC)
Unanticipated Revenue
Appropriation
Purchase Requsition
15. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines - and fund balances. Can be used for any purpose that is a legal expenditure of County Funds. The Board of Supervisors controls their usage.
Baseline Budget
General Purpose Revenue
Unanticipated Revenue
Full Cost
16. 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.
Supplier
Spending Funds
Internal Agreement
Encumbrance
17. 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
Debt Service Funds
Cost Budget
Activity- Based Costing (ABC)
18. 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).
Revenue
Capital Budget
Fiduciary
Fund
19. 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.
Service and Supplies
Estimated Revenue
Asset Management
Adopted Budget/Operational Plan
20. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Commitment
Pension and other employee benefit Trust Fund
Fund
Funds
21. An account that contains money set aside for a legaly restricted specifi future use.
Genaral Revenue Allocation
Change Letter
Reserve
Standard Purchase Order
22. Enterprise Funds - Internal Service Fund
Proprietary Funds
Direct Cost or Direct Expense
Expensed Inventory
Enterprise Fund
23. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Special Revenu Fund
Force Account
Appropriation
Adopted Budget/Operational Plan
24. 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
Purchase Requsition
Direct Expense
Avoidable Cost
Grant
25. The amount of revenue expected to accrue or to be collected during a fiscal year.
Special Revenu Fund
Capital Project
Contract or Contract Purchase Agreement (CPA)
Estimated Revenue
26. Non-Capital Project. Non productive time as a type of indirect project to track paid time off. Printing - mails - purchasing - contracting - fleet - facilities. and admin projects ( overhead - training - travel - etc ).
Indirect Project
Direct Cost or Direct Expense
Contract or Contract Purchase Agreement (CPA)
Reserve
27. 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.
Fixed Asset
Depreciation
Full Cost
Funds
28. An Inventory carried on accounting records as an asset whose stock items are valued at their unit cost times their quantity on hand - and the stock value is not expensed to a final user account until the material is issued to that user.
Adopted Budget/Operational Plan
Asset Inventory
General Fund
Special Revenu Fund
29. 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).
Fund
Revenue
Fund
Org.
30. 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.
Invoice
Line-Item Budget
Internal Agreement
Trust Fund
31. 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.
Supplier
Bond
Expenditures
Asset
32. 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.
Encumbrance
Special Revenue Fund
Inventory Items
Service and Supplies
33. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Direct Cost or Direct Expense
Overrealized Revenue
Enterprise Fund
Physical Intentory
34. Trust Fund and Agency Funds
Release
Direct Expense
Avoidable Cost
Fiduciary
35. 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.
Award
Proprietary Funds
Grant
Org.
36. 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.
Invoice
Productive Time
Adopted Budget
Debt Service Funds
37. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Asset Management
Deficit
Full Tim Equivalency (FTE)
Fund
38. 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.
Productive Time
Full Tim Equivalency (FTE)
Fixed Asset
Commitment
39. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.
Capital Project Fund
Pension and other employee benefit Trust Fund
Invoise Types
Encumbrance Types
40. 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.
Asset Inventory
Indirect Cost of Expense
Depreciation
Line Type
41. 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).
Expenditures
Accrual Basis of Accounting
Debt Service
Fund Balance
42. The major fund in most government unit - the General Fund accounts for all activities not accounted for in other funds. Most functions such as Public Safety or Health Services and Human Resources are accounted for in the General Fund.
Debt Service Funds
Fund Balance
General Fund
Expenditures
43. 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.
Cash Basis of Accounting
Capital Projects Funds
Inventory Item
Board of Supervisors
44. The budget amounts for a project at the first successful Baselining of the project.
Org.
Original Budget
Chart of Accounts
Expenditures
45. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Indirect Cost of Expense
Capital Improvement
Expenditure Type
Cost Applied
46. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Average Balance
Debt Service Funds
Fund
Revenue
47. The spread of an assets cost over the time period it is used.
Full Cost
Depreciate
Deficit
Original Budget
48. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Capital Project
Genaral Revenue Allocation
Baseline
Proprietary Funds
49. The electronic process of mainaining an itemized list of current inventory.
Spending Funds
Bond
Asset Management
Capital Outlay Fund (COA)
50. 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).
Appropriation
Change Letter
Full Cost
Expenditure Type