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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. A non-asset inventory that has already been expensed to a final use account and is thus carried and tracked as a on hand balance only - with an accounting value of zero.
Encumbrance
Productive Time
Expensed Inventory
Fund
2. 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
Supplier
Asset
Internal Service Fund (ISF)
3. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD
Account Segment
Adopted Budget
Unanticipated Revenue
Cost Applied
4. 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
Grant
Revenue
Encumbrance
5. An account that contains money set aside for a legaly restricted specifi future use.
Fiduciary
Reserve
Governmental Funds
Adopted Budget
6. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Cash Basis of Accounting
Bond
Depreciation
Genaral Revenue Allocation
7. 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
Depreciate
Capital Projects Funds
Depreciation
Capital Project
8. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Revenue
Force Account
Cost Applied
Adopted Budget
9. 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.
Adopted Budget/Operational Plan
Cost Applied
Indirect Cost of Expense
Line Budget Item
10. 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
General Purpose Revenue
Program Budget
Capital Improvement
Encumbrance Types
11. The account structure an enterprise uses to record transactions and maintain account balances.
Governmental Funds
Project
Chart of Accounts
Supplier
12. 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.
Release
Proprietary Funds
Capital Project
General Fund
13. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Debt Service Funds
Debt Service
Indirect Cost or Indirect Expense
Cash Basis of Accounting
14. Accounts for the County's financial resources except those required to be accounted for in another fund.
Proprietary Funds
Capital Outlay Fund (COA)
Activity- Based Costing (ABC)
General Fund
15. 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.
Debt Service
Deficit
Grant
Encumbrance
16. The most recently baselined budget version of the budget.
Genaral Revenue Allocation
Capital Assets
Current Budget
Special Revenu Fund
17. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Asset
Account
Expenditures
Depreciation
18. Trust Fund and Agency Funds
Bond
Fiduciary
Fiduciary Fund
Accounting Standards
19. The budget amounts for a project at the first successful Baselining of the project.
Invoice
Adopted Budget/Operational Plan
Original Budget
Standard Purchase Order
20. 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.
Line Budget Item
Appropriation
Expenditure
Program Budget
21. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Debt Service Funds
Internal Service Fund (ISF)
Contract or Contract Purchase Agreement (CPA)
Supplier
22. 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
Enterprise Fund
Productive Time
Full Cost
Depreciate
23. 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
Enterprise Fund
Purchase Order
Trust Fund
Revenue
24. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Cost Applied
Special Revenue Fund
Expenditure Type
Encumbrance Types
25. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Depreciation
Encumbrance Types
Expenditure Type
Invoice
26. To approve an award budget for use in reporting and accounting.
Preliminary Budget
Adopted Budget
General Fund
Baseline
27. 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
Change Letter
Line Budget Item
Revenue
Capital Budget
28. 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
Average Balance
Fund Balance
Revenue
Fund
29. 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
Adopted Budget
Invoice
Internal Service Funds
Avoidable Cost
30. 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 -
Revenue
Pension and other employee benefit Trust Fund
Encumbrance
Avoidable Cost
31. 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.
Average Balance
Internal Agreement
Fund
Capital Improvement
32. Accounts for the accumulation for and the payment of general long-term principal and interest.
Indirect Project
Capital Improvement
Cash Basis of Accounting
Debt Service Funds
33. 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.
Fund
Invoise Types
Encumbrance
Productive Time
34. 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.
Cost Budget
Activity- Based Costing (ABC)
Unanticipated Revenue
Accrual Basis of Accounting
35. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.
Asset Inventory
Deficit
Adopted Budget
Capital Budget
36. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Purchase Order
Preliminary Budget
Revenue
Change Letter
37. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Adopted Budget
Data Warehouse
Debt Service Funds
Special Revenue Fund
38. 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
Revenue
Direct Cost or Direct Expense
Funds
Estimated Revenue
39. 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
General Fund
Baseline Budget
Change Letter
Force Account
40. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Data Warehouse
Average Balance
Enterprise Funds
Board of Supervisors
41. 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.
Bond
Obligation
Depreciation
Internal Agreement
42. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.
Cost Applied
Revenue
Indirect Cost of Expense
Invoise Types
43. 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.
Award
Debt Service
Revenue
Invoise Types
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.
Board of Supervisors
Estimated Revenue
Preliminary Budget
Purchase Order
45. A five-year list of planned capital projects - developed by the Department of General Services.
Adopted Budget
Pension and other employee benefit Trust Fund
Award
Capital Improvement Plan (CIP)
46. An accounting device established to control receipts and disbursements set aside to support specific activities.
Fund
Cost Budget
Fiduciary
Invoise Types
47. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Full Cost
Capital Improvement Plan (CIP)
Revenue
Board of Supervisors
48. 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
Capital Project
Capital Improvement Plan (CIP)
Invoice
49. 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
Appropriation
Overrealized Revenue
Accounting Standards
Depreciate
50. The amount of revenue expected to accrue or to be collected during a fiscal year.
Estimated Revenue
Standard Purchase Order
Depreciation
Pension and other employee benefit Trust Fund