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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 percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Adopted Budget
Full Tim Equivalency (FTE)
Account Segment
Fiduciary Fund
2. Annual principal and interest payments that local government owes on borrowed money.
Debt Service
Line Type
Contract or Contract Purchase Agreement (CPA)
Trust Fund
3. 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
Cash Basis of Accounting
Purchase Order
Adopted Budget/Operational Plan
Bond
4. 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.
Fixed Asset
Average Balance
Cost Budget
Board of Supervisors
5. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Invoise Types
Debt Service Funds
Revenue
Original Budget
6. 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
Standard Purchase Order
Full Cost
Revenue
7. 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.
Pension and other employee benefit Trust Fund
Bond
Trust Fund
Deficit
8. 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
Purchase Requsition
Standard Purchase Order
Org.
9. 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.
Capital Improvement Plan (CIP)
Depreciation
Trust Fund
Fiduciary Fund
10. Is derived from taxes - licenses - fees - and investment earnings.
Reserve
Capital Improvement Plan (CIP)
Revenue
Internal Service Funds
11. An accounting device established to control receipts and disbursements set aside to support specific activities.
Fund
Accounting Standards
Enterprise Fund
Depreciate
12. Accounts for the accumulation for and the payment of general long-term principal and interest.
Fund
General Purpose Revenue
Board of Supervisors
Debt Service Funds
13. Trust Fund and Agency Funds
Enterprise Funds
Capital Assets
Genaral Revenue Allocation
Fiduciary
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.
Program Budget
Raw Cost
Accounting Standards
Award
15. Units of work that can be broken down into one or more task to capture and related revenue.
Capital Projects Funds
Preliminary Budget
Cost Applied
Project
16. 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
Direct Cost or Direct Expense
Line Type
Indirect Cost of Expense
17. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Asset
Preliminary Budget
Award
Current Budget
18. Enterprise Funds - Internal Service Fund
Project
Proprietary Funds
Asset Management
Revenue
19. Accounts for the County's financial resources except those required to be accounted for in another fund.
Adopted Budget
Encumbrance
Invoice
General Fund
20. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Activity- Based Costing (ABC)
Pension and other employee benefit Trust Fund
Invoice
Fiduciary Fund
21. 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 -
Overrealized Revenue
Invoice
Encumbrance
Debt Service Funds
22. 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
Depreciation
Inventory Items
Expensed Inventory
Proprietary Funds
23. The account structure an enterprise uses to record transactions and maintain account balances.
Chart of Accounts
Bond
Unanticipated Revenue
Service and Supplies
24. The most recently baselined budget version of the budget.
Board of Supervisors
Internal Service Fund (ISF)
Current Budget
Debt Service
25. A unit with budgetary control and/or management responsibilities for financial transactions. Represents the 'cost center'qualifier segment required in Oracle and is at the trasactional level of input( child).
Preliminary Budget
Bond
Org.
Purchase Order
26. 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
Depreciate
Governmental Funds
Physical Intentory
27. 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
Adopted Budget/Operational Plan
Indirect Cost or Indirect Expense
Revenue
Fund Balance
28. 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.
Funds
Award
Baseline
Activity- Based Costing (ABC)
29. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Adopted Budget/Operational Plan
Award
Capital Project Fund
Internal Service Fund (ISF)
30. The electronic process of mainaining an itemized list of current inventory.
Capital Improvement
Expenditure Type
Asset Management
Revenue
31. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Baseline Budget
Fund
Grant
Funds
32. A five-year list of planned capital projects - developed by the Department of General Services.
Capital Project
Appropriation
Internal Service Fund (ISF)
Capital Improvement Plan (CIP)
33. 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.
Award
Avoidable Cost
Capital Budget
Fund Balance
34. 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.
Bond
Average Balance
Invoice
Encumbrance
35. 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
Pension and other employee benefit Trust Fund
Line-Item Budget
Overrealized Revenue
Indirect Cost or Indirect Expense
36. 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
Line Budget Item
Average Balance
Enterprise Fund
Change Letter
37. 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
Line-Item Budget
Contract or Contract Purchase Agreement (CPA)
Depreciation
38. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Capital Improvement
Encumbrance
Average Balance
Cash Basis of Accounting
39. The amount of revenue expected to accrue or to be collected during a fiscal year.
Estimated Revenue
Funds Available
Line-Item Budget
Invoice
40. 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
Indirect Project
Capital Improvement
Depreciate
Original Budget
41. 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
Revenue
Internal Service Fund (ISF)
Cost Applied
Direct Expense
42. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Pension and other employee benefit Trust Fund
Special Revenue Fund
Capital Projects Funds
Contract or Contract Purchase Agreement (CPA)
43. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.
Original Budget
Deficit
Internal Agreement
Capital Improvement
44. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Invoise Types
Fund
Line-Item Budget
Debt Service
45. 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.
Proprietary Funds
Capital Assets
Baseline
General Purpose Revenue
46. A self-balancing set of accounts.
Debt Service
Avoidable Cost
Commitment
Fund
47. 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).
General Purpose Revenue
Accrual Basis of Accounting
Capital Assets
Bond
48. The major fund in most government unit - the General Fund accounts for all activities not accounted for in other funds. Most functions such as Public Safety or Health Services and Human Resources are accounted for in the General Fund.
Proprietary Funds
Board of Supervisors
General Fund
Invoice
49. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Fiduciary Fund
Line-Item Budget
Current Budget
Raw Cost
50. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Capital Budget
Direct Expense
Revenue
Capital Outlay Fund (COA)