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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. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Raw Cost
Inventory Item
Line Budget Item
Avoidable Cost
2. Fund is an independent fiscla and accounting entity.
Genaral Revenue Allocation
Internal Service Fund (ISF)
Line-Item Budget
Fund
3. 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.
Expenditure
Purchase Order
Grant
Capital Project Fund
4. Trust Fund and Agency Funds
Inventory Items
Activity- Based Costing (ABC)
Physical Intentory
Fiduciary
5. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.
Unanticipated Revenue
Accounting Standards
Invoise Types
Average Balance
6. 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
Debt Service
Direct Expense
Bond
Capital Project
7. 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.
Appropriation
Obligation
Governmental Funds
Program Budget
8. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.
Unanticipated Revenue
Board of Supervisors
Baseline
Proprietary Funds
9. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Unanticipated Revenue
Asset Inventory
Funds
Proprietary Funds
10. 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
Line-Item Budget
Special Revenu Fund
Asset Inventory
Proprietary Funds
11. A self-balancing set of accounts.
Standard Purchase Order
Fund Balance
Debt Service Funds
Fund
12. 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.
Revenue
Full Tim Equivalency (FTE)
Purchase Order
Fiduciary
13. 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.
Expenditure
Debt Service
Contract or Contract Purchase Agreement (CPA)
Account
14. 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.
Depreciate
Proprietary Funds
Accounting Standards
Reserve
15. A separate financial reporting unit fo budgeting - management - or accounting purposes. All budgetary transactions are recorded in accounts
Internal Service Funds
Physical Intentory
Account
Full Tim Equivalency (FTE)
16. 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
Grant
Estimated Revenue
Internal Service Fund (ISF)
General Purpose Revenue
17. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Proprietary Funds
Cost Applied
Internal Service Funds
Grant
18. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Account
Expenditures
Debt Service Funds
Enterprise Fund
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
Capital Project
Program Budget
Full Tim Equivalency (FTE)
Enterprise Fund
20. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Supplier
Genaral Revenue Allocation
Funds
Debt Service Funds
21. 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
Funds Available
Internal Service Fund (ISF)
22. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Asset Management
Supplier
Cash Basis of Accounting
Invoice
23. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.
Invoice
Cost Budget
Deficit
Blanket Purchase Agreement
24. 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).
Grant
Special Revenue Fund
Capital Projects Funds
Depreciate
25. 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
Internal Service Funds
Appropriation
Commitment
Program Budget
26. 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.
Project
Expenditure Type
Activity- Based Costing (ABC)
Trust Fund
27. Accounts for the accumulation for and the payment of general long-term principal and interest.
Debt Service Funds
Chart of Accounts
Enterprise Funds
Capital Outlay Fund (COA)
28. 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).
Average Balance
Capital Improvement Plan (CIP)
Expenditure Type
Account
29. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Raw Cost
Debt Service Funds
Capital Project Fund
Account Segment
30. 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 ).
Revenue
Revenue
Indirect Project
Cost Budget
31. The electronic process of mainaining an itemized list of current inventory.
Special Revenue Fund
Indirect Cost or Indirect Expense
Line Type
Asset Management
32. 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.
Internal Service Fund (ISF)
Cash Basis of Accounting
Estimated Revenue
Award
33. 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
Baseline
Enterprise Fund
Indirect Cost of Expense
Chart of Accounts
34. 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.
Board of Supervisors
Preliminary Budget
Fixed Asset
Direct Cost or Direct Expense
35. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Enterprise Funds
Reserve
Capital Projects Funds
Debt Service
36. A five-year list of planned capital projects - developed by the Department of General Services.
Capital Improvement Plan (CIP)
Change Letter
Blanket Purchase Agreement
Fund Balance
37. 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.
Line Budget Item
Project
Blanket Purchase Agreement
Purchase Requsition
38. 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.
Full Tim Equivalency (FTE)
Encumbrance
Funds
Release
39. The most recently baselined budget version of the budget.
Current Budget
Purchase Order
Indirect Cost or Indirect Expense
Fiduciary Fund
40. Land - improvements to land - buildings - building improvements - vehicles - machinery - equipment - works of art and historical treasures - infrastructure - and all other tangible or intangible assets that are used in operations and that have initia
Inventory Items
Asset
Internal Service Fund (ISF)
Capital Assets
41. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Productive Time
Direct Expense
Current Budget
Special Revenu Fund
42. 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 -
Capital Project
Expensed Inventory
Baseline Budget
Preliminary Budget
43. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Full Tim Equivalency (FTE)
Revenue
Productive Time
Expenditure Type
44. 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).
Full Cost
Revenue
Capital Budget
Internal Service Fund (ISF)
45. 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
Inventory Items
Award
Activity- Based Costing (ABC)
Productive Time
46. 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.
Invoice
Award
Indirect Cost of Expense
Invoice
47. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Pension and other employee benefit Trust Fund
Unanticipated Revenue
General Fund
Average Balance
48. 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.
Cost Budget
Preliminary Budget
Fixed Asset
Inventory Item
49. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Capital Project
Enterprise Funds
Board of Supervisors
Revenue
50. 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
Supplier
Indirect Cost or Indirect Expense
Capital Improvement
Grant