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Oracle Vocab
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Subjects
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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. 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.
Data Warehouse
Productive Time
Appropriation
Fund
2. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Change Letter
Data Warehouse
Unanticipated Revenue
Purchase Requsition
3. A separate financial reporting unit fo budgeting - management - or accounting purposes. All budgetary transactions are recorded in accounts
Contract or Contract Purchase Agreement (CPA)
Direct Cost or Direct Expense
Account
Inventory Items
4. 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.
Enterprise Funds
Full Tim Equivalency (FTE)
Debt Service
Internal Service Fund (ISF)
5. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Standard Purchase Order
Capital Outlay Fund (COA)
Fund
Depreciation
6. 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.
Service and Supplies
Depreciation
Preliminary Budget
Spending Funds
7. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Inventory Item
Capital Project
Indirect Cost or Indirect Expense
Average Balance
8. 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).
Commitment
Capital Projects Funds
Capital Project
General Fund
9. 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
Change Letter
Enterprise Fund
Funds Available
10. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Indirect Cost of Expense
Capital Project Fund
Inventory Item
Org.
11. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Special Revenue Fund
Cost Budget
Direct Cost or Direct Expense
Debt Service Funds
12. 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
Award
Capital Outlay Fund (COA)
Appropriation
Fund
13. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Commitment
Full Cost
Invoice
Fixed Asset
14. 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 ).
Internal Service Fund (ISF)
Indirect Project
Pension and other employee benefit Trust Fund
Grant
15. 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
Capital Project
Bond
Reserve
Baseline Budget
16. 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
Capital Improvement
Grant
Inventory Items
Enterprise Fund
17. 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.
Standard Purchase Order
Internal Agreement
Accrual Basis of Accounting
Preliminary Budget
18. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Data Warehouse
Funds Available
Enterprise Funds
Supplier
19. 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.
Appropriation
Governmental Funds
Encumbrance
Asset Inventory
20. 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.
Unanticipated Revenue
Funds Available
Average Balance
Fixed Asset
21. 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
Physical Intentory
Debt Service Funds
Avoidable Cost
Baseline Budget
22. Appropriations and estimated revenue or an annual spending plan that is adopted by the Board of Supervisors( or the Board acting as the Board of Directors) pursuant to the Goverment Code - which balances revenues and expenditures.
General Purpose Revenue
Commitment
Revenue
Adopted Budget
23. 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.
Encumbrance
Project
Internal Agreement
Expenditure
24. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Pension and other employee benefit Trust Fund
Full Tim Equivalency (FTE)
Reserve
Revenue
25. 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.
Asset
Purchase Requsition
Overrealized Revenue
Line Type
26. 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).
Overrealized Revenue
Indirect Cost or Indirect Expense
Org.
Expenditure Type
27. A self-balancing set of accounts.
Pension and other employee benefit Trust Fund
Debt Service
Estimated Revenue
Fund
28. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Enterprise Fund
Pension and other employee benefit Trust Fund
Debt Service
Capital Assets
29. 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 Fund (ISF)
Invoise Types
Fixed Asset
Blanket Purchase Agreement
30. 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 -
Funds Available
Encumbrance
Asset
Line Type
31. 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
Expensed Inventory
General Purpose Revenue
Debt Service
Inventory Items
32. 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.
Average Balance
Governmental Funds
Full Cost
Fund
33. Annual principal and interest payments that local government owes on borrowed money.
Funds
Debt Service
Adopted Budget/Operational Plan
Contract or Contract Purchase Agreement (CPA)
34. The most recently baselined budget version of the budget.
Deficit
Current Budget
Capital Improvement
Fund
35. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Depreciation
Grant
Debt Service
Adopted Budget/Operational Plan
36. 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
Purchase Order
Indirect Cost of Expense
Depreciate
37. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Overrealized Revenue
Baseline
Capital Improvement
Award
38. The spread of an assets cost over the time period it is used.
Depreciate
Inventory Item
Purchase Order
General Purpose Revenue
39. 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
Internal Service Funds
Fund Balance
Invoice
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.
Capital Improvement Plan (CIP)
Grant
Line Type
Capital Budget
41. 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.
Fund
Unanticipated Revenue
Encumbrance
Data Warehouse
42. 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.
Adopted Budget
Release
Special Revenu Fund
Depreciation
43. 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
Fixed Asset
Force Account
Debt Service
Project
44. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Indirect Project
Chart of Accounts
Capital Improvement
Internal Service Funds
45. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Expensed Inventory
Board of Supervisors
Avoidable Cost
Special Revenu Fund
46. The difference between budgeted amounts and all actual and anticipated expenditures.
Overrealized Revenue
Data Warehouse
Expensed Inventory
Funds Available
47. 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.
Adopted Budget
Genaral Revenue Allocation
Internal Agreement
Purchase Requsition
48. 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.
Invoice
Spending Funds
General Purpose Revenue
Cost Applied
49. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Capital Project
Special Revenue Fund
Asset
Genaral Revenue Allocation
50. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Fiduciary
Force Account
Bond
Cash Basis of Accounting
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