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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 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.






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






3. To approve an award budget for use in reporting and accounting.






4. An accounting device established to control receipts and disbursements set aside to support specific activities.






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






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






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






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






9. 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.






10. 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






11. 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






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






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






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






15. Enterprise Funds - Internal Service Fund






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






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






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






19. 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 -






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






21. 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






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






23. 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.






24. 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






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






26. 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.






27. 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.






28. 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.






29. 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.






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






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






32. 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 ).






33. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).






34. Fund is an independent fiscla and accounting entity.






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






36. An account that contains money set aside for a legaly restricted specifi future use.






37. 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.






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. 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).






40. 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 -






41. An accounting method is used to allocate the costs associated with an activity to the individuals - groups - or organizations benefiting from that activity. Costs are based on activites rather than accounting data.






42. 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






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






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






45. 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.






46. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.






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






48. A budget Format prescribed by the State Controller. Refers to account and sub-account detail typically provided by revenue source - and objects of expenditures based on the types of goods or services(salaries & benefits - services & supplies - other






49. 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.






50. 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.






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