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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. 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.
Avoidable Cost
Debt Service Funds
Fiduciary Fund
Spending Funds
2. 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.
Grant
Contract or Contract Purchase Agreement (CPA)
Blanket Purchase Agreement
Fiduciary
3. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Capital Project
General Fund
Asset Management
Raw Cost
4. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Internal Service Fund (ISF)
Genaral Revenue Allocation
Debt Service
Inventory Items
5. 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
Capital Budget
Indirect Cost or Indirect Expense
Grant
Raw Cost
6. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Line-Item Budget
Chart of Accounts
Revenue
Baseline
7. A self-balancing set of accounts.
Change Letter
Estimated Revenue
Fund
Adopted Budget/Operational Plan
8. 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.
Cost Budget
Capital Project
General Purpose Revenue
Award
9. 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.
Expensed Inventory
Encumbrance
Purchase Order
Cost Budget
10. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Trust Fund
Raw Cost
Asset
Estimated Revenue
11. 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).
Fund
Account Segment
Expenditure Type
Original Budget
12. The most recently baselined budget version of the budget.
Fixed Asset
Appropriation
Baseline
Current Budget
13. 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.
Line-Item Budget
Grant
Line Budget Item
Internal Service Fund (ISF)
14. 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.
Expensed Inventory
Indirect Cost of Expense
Spending Funds
Standard Purchase Order
15. 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 ).
Invoice
Avoidable Cost
Indirect Project
Cash Basis of Accounting
16. Trust Fund and Agency Funds
Force Account
Cash Basis of Accounting
Fiduciary
Chart of Accounts
17. 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.
Fund
Revenue
Expenditure
Inventory Items
18. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Invoice
Special Revenu Fund
Adopted Budget/Operational Plan
Average Balance
19. A spending plan for improvements to or acquisition of land - facilities - and infrastructure. The capital budget balances revenues and expenditures - specifies the sources of revenues - and lists each project or acquisition.
Capital Budget
Appropriation
Baseline
Capital Project
20. Accounts for the County's financial resources except those required to be accounted for in another fund.
Fund
General Fund
Capital Outlay Fund (COA)
Project
21. To approve an award budget for use in reporting and accounting.
Adopted Budget
Debt Service Funds
Appropriation
Baseline
22. 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
Fixed Asset
Appropriation
Fund
Capital Projects Funds
23. A five-year list of planned capital projects - developed by the Department of General Services.
Capital Improvement Plan (CIP)
Accrual Basis of Accounting
Spending Funds
Capital Improvement
24. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Change Letter
Raw Cost
Trust Fund
Org.
25. 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.
Full Cost
Line Budget Item
Encumbrance Types
Revenue
26. 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
Internal Service Funds
Full Cost
Blanket Purchase Agreement
Physical Intentory
27. The spread of an assets cost over the time period it is used.
Depreciate
Estimated Revenue
Physical Intentory
Fund
28. 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.
Capital Projects Funds
Proprietary Funds
Invoice
Data Warehouse
29. 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
Expensed Inventory
Pension and other employee benefit Trust Fund
Depreciation
30. Annual principal and interest payments that local government owes on borrowed money.
Debt Service
Capital Project
Capital Outlay Fund (COA)
Capital Projects Funds
31. 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
Fund Balance
Cash Basis of Accounting
Enterprise Fund
Governmental Funds
32. 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.
Baseline Budget
Full Tim Equivalency (FTE)
Line-Item Budget
Productive Time
33. An account that contains money set aside for a legaly restricted specifi future use.
Invoice
Capital Improvement Plan (CIP)
Fixed Asset
Reserve
34. 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.
Capital Improvement Plan (CIP)
Baseline Budget
Preliminary Budget
Fund
35. 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).
Accrual Basis of Accounting
Release
Capital Improvement Plan (CIP)
Inventory Item
36. 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
Direct Cost or Direct Expense
General Fund
Fund
Encumbrance
37. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Force Account
Account
Overrealized Revenue
Adopted Budget/Operational Plan
38. Units of work that can be broken down into one or more task to capture and related revenue.
Direct Cost or Direct Expense
Proprietary Funds
Project
Award
39. The Generally Accepted Accounting Principles( GAAP) promulgated by te Governmental Accountng Standards Board - which guide the recording and reporting of financial information by state and local governments.
General Fund
Indirect Project
Cash Basis of Accounting
Accounting Standards
40. 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.
Internal Agreement
Overrealized Revenue
Governmental Funds
Invoice
41. 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.
Line-Item Budget
Asset
Avoidable Cost
Fiduciary Fund
42. 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
Contract or Contract Purchase Agreement (CPA)
Expenditure
Full Cost
43. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
Line Type
Expenditures
Debt Service
Expenditure
44. The difference between budgeted amounts and all actual and anticipated expenditures.
Accounting Standards
General Purpose Revenue
Funds Available
Expenditures
45. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Invoise Types
Cost Budget
Depreciation
Fixed Asset
46. 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
Line Type
Capital Improvement
Avoidable Cost
Current Budget
47. 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
Proprietary Funds
Force Account
Productive Time
Direct Cost or Direct Expense
48. 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
Purchase Order
Capital Project
Indirect Cost of Expense
General Fund
49. 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
Invoise Types
Indirect Cost of Expense
General Purpose Revenue
Fund Balance
50. 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
Commitment
Avoidable Cost
Funds
Depreciation