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






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






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






4. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.






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






6. 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






7. 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.






8. 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






9. One of two classes of projects to be used by the County. Capital projects capture costs ( including depreciation) and revenue associated with the construction or acquisition of infrastructure ( i.e. road improvements bridges - etc) - buildings - othe






10. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.






11. The electronic process of mainaining an itemized list of current inventory.






12. 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).






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






14. A separate financial reporting unit fo budgeting - management - or accounting purposes. All budgetary transactions are recorded in accounts






15. 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 -






16. 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






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






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






19. Expiration in the service life of capital assets - other than wasting assets - attributable to wear and tear - deterioration - action of the physical elements - idadequacy - and obsolescence.






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






21. 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






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






23. Use of an appropriation to purchse goods and services necessary to carry out the responsibilities of a department or organization. Expenditures are decreases in net financial resources.






24. 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






25. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.






26. 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.






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






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






29. 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






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






31. 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.






32. 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.






33. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.






34. 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






35. 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.






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






37. Enterprise Funds - Internal Service Fund






38. 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.






39. 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 -






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






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






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






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






44. 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






45. 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.






46. The version of the Operations Plan that is formally approved and implemented by the Board of Supervisors after the proposed Operational Plan has gone through a process of Change Letters - public hearing - and deliberations.






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






48. 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.






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






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







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