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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 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.






2. 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.






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






4. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.






5. 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






6. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.






7. 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.






8. 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 -






9. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.






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






11. 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






12. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.






13. A self-balancing set of accounts.






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






15. Annual principal and interest payments that local government owes on borrowed money.






16. An appropriation used for goods and services ordered and received - whether paid or unpaid - including provisions for debt retirement and capital outlays. Encumbrances do not become expenditures until they are paid.






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






18. Governmental funds established to accont for financial resources used for the acqusition or construction of major capital facilities ( other than those accounted for in proprietary funds).






19. 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






20. 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






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






22. The electronic process of mainaining an itemized list of current inventory.






23. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.






24. Elements of cost necessary in the production of an article of the performance of a services - but an integral part of the finished product or service - such a rent - heat light - supplies - management - second-level supervision. Can refer to Departme






25. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.






26. 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






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






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






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






30. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.






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






32. 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).






33. 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.






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






35. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.






36. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.






37. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.






38. 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.






39. 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.






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






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






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






43. 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.






44. 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






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






46. 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






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






48. 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






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






50. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.