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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. 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.






2. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.






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






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 -






5. 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.






6. 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.






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






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






9. With separate revenue - expenditures - and fund balances. A legal independet fiscal and accounting entity - to record its cash and other resources and equties - assets - liabilities - reserves and surplus ( fund balance) as well as its income and exp






10. 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.






11. Funds that account for resources that government hold in trust for individuals or other governments. Examples include the Community Services Trust Fund for Developer deposit and School District Funds tha are included in the County Investment Pool.






12. 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.






13. 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






14. 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.






15. 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.






16. 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.






17. Accounts for assets held by government in a trustee capacity for public employement retirement systems.






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






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






20. 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






21. An itemized statement of money owed for goods shipped or services rendered






22. 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






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






24. Trust Fund and Agency Funds






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






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






27. Enterprise Funds - Internal Service Fund






28. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.






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






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






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






32. Accounts for the accumulation for and the payment of general long-term principal and interest.






33. A budget format prescribed by the State Controller. Shows activities grouped by functional organization units - such as departments. The term line-items refers to account and sub-account detail typically provided for revenue by source ( e.g property






34. Items stocked in an inventory and controlled by tracking the quantity and value of each item. Typically - each item is considered an 'asset' until it is issued or adjusted ( expensed) out of the inventory. The value of the item is equal to the curren






35. 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.






36. The of the cost of a fixed asset - other than a wasting asset - charged as an expense during a particular period. The cost of a fixed asses less any salvage value is prorated over the estimated service life of such an asset - and each period is charg






37. 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






38. 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).






39. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.






40. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD






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






42. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.






43. 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.






44. Is derived from taxes - licenses - fees - and investment earnings.






45. 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.






46. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.






47. 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






48. 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






49. The difference between budgeted amounts and all actual and anticipated expenditures.






50. The amount of revenue expected to accrue or to be collected during a fiscal year.