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Oracle Vocab

Subjects : oracle, it-skills
Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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. 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.






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






3. 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.






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






5. A type of purchase order that can be issued for delivery of goods or services for specific dates and locations. Each standard purchase order line can have multiple shipments and ca distribute the quantity of each shipment across multiple accounts.






6. 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).






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






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






9. 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






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






11. The term used for major contsruction projects - the acqusition of land - and the investment in major Capital Assets in the County. The project assets are of significant value and have a useful life of five years or more. Imcude the purchase of land -






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






13. Assets - which are intended to be held or used for an extended periof of time - such as land - buildings - structures - machinery - furniture - and other equipment. Any piece of equipment costing $5 -000 or more must be purchased as a fixed asset.






14. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.






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






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






17. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.






18. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.






19. 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






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






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






22. Trust Fund and Agency Funds






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






24. 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.






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






26. 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 -






27. 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






28. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.






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






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






31. The account structure an enterprise uses to record transactions and maintain account balances.






32. 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.






33. 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.






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






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






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






37. 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.






38. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds






39. 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






40. 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.






41. A self-balancing set of accounts.






42. 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






43. 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






44. 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).






45. 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 ).






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






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






48. 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.






49. 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.






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







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