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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. 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.
Expenditures
Reserve
Fiduciary
Line Type
2. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Obligation
General Purpose Revenue
Capital Project
Internal Service Funds
3. 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
Force Account
Internal Service Fund (ISF)
Indirect Cost or Indirect Expense
Capital Outlay Fund (COA)
4. 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
Project
Grant
Capital Project
Cash Basis of Accounting
5. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Full Tim Equivalency (FTE)
Capital Outlay Fund (COA)
Appropriation
Capital Budget
6. A non-asset inventory that has already been expensed to a final use account and is thus carried and tracked as a on hand balance only - with an accounting value of zero.
Standard Purchase Order
Expensed Inventory
Reserve
Internal Agreement
7. 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
General Purpose Revenue
Inventory Items
Bond
Direct Cost or Direct Expense
8. 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.
Deficit
Commitment
Invoice
Org.
9. The difference between budgeted amounts and all actual and anticipated expenditures.
Expenditures
Funds Available
Cost Budget
Debt Service
10. 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
Capital Improvement
Depreciate
Capital Project
Board of Supervisors
11. 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.
Adopted Budget/Operational Plan
Capital Assets
Fiduciary
Trust Fund
12. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.
Line-Item Budget
Encumbrance
Unanticipated Revenue
Avoidable Cost
13. 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.
Fund
Preliminary Budget
Raw Cost
General Fund
14. 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.
Appropriation
Contract or Contract Purchase Agreement (CPA)
Adopted Budget/Operational Plan
Account
15. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Overrealized Revenue
Asset Management
Proprietary Funds
Direct Cost or Direct Expense
16. Units of work that can be broken down into one or more task to capture and related revenue.
Project
Expenditures
Account Segment
Debt Service
17. The most recently baselined budget version of the budget.
Enterprise Funds
Cash Basis of Accounting
Fiduciary Fund
Current Budget
18. 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.
Release
Force Account
Appropriation
Award
19. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Change Letter
Purchase Requsition
Invoice
Unanticipated Revenue
20. 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
Avoidable Cost
Depreciation
Asset
Grant
21. Fund is an independent fiscla and accounting entity.
Preliminary Budget
Fund
Chart of Accounts
Internal Service Fund (ISF)
22. 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
Bond
Adopted Budget/Operational Plan
Grant
Internal Agreement
23. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Program Budget
Special Revenu Fund
Cost Budget
Fund Balance
24. 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.
Adopted Budget/Operational Plan
Data Warehouse
Commitment
Capital Budget
25. Funds ensure that available resources are controlled and spent in accordance with organizational spending - service delivery decision and finance- related legar and contractual provisions.
Enterprise Funds
Funds
Line-Item Budget
Contract or Contract Purchase Agreement (CPA)
26. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Special Revenue Fund
Fund Balance
Proprietary Funds
Accounting Standards
27. 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
Inventory Item
Cost Applied
Line Budget Item
Preliminary Budget
28. 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
Asset Management
Line-Item Budget
Debt Service
Revenue
29. 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
Fund Balance
Data Warehouse
Pension and other employee benefit Trust Fund
Productive Time
30. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Data Warehouse
Average Balance
Direct Expense
Expenditure Type
31. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Expenditure
Pension and other employee benefit Trust Fund
Force Account
Trust Fund
32. A type of purchase order that can be issued for delivery of goods or services for specific dates and locations. Each standard purchase order line can have multiple shipments and ca distribute the quantity of each shipment across multiple accounts.
Proprietary Funds
Cost Budget
Standard Purchase Order
Unanticipated Revenue
33. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Activity- Based Costing (ABC)
Proprietary Funds
Average Balance
Overrealized Revenue
34. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Data Warehouse
Fixed Asset
Service and Supplies
Indirect Cost or Indirect Expense
35. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds
Deficit
Governmental Funds
Blanket Purchase Agreement
Accounting Standards
36. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.
Expenditure
Deficit
Baseline Budget
Board of Supervisors
37. 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
Proprietary Funds
Indirect Cost of Expense
Enterprise Fund
Fund
38. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Asset
Preliminary Budget
Capital Assets
Cash Basis of Accounting
39. 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.
Program Budget
Depreciation
Fund
Internal Service Fund (ISF)
40. The amount of revenue expected to accrue or to be collected during a fiscal year.
Capital Outlay Fund (COA)
Grant
General Fund
Estimated Revenue
41. To approve an award budget for use in reporting and accounting.
Fund Balance
Org.
Baseline
Adopted Budget/Operational Plan
42. 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.
Preliminary Budget
Proprietary Funds
Asset Inventory
Debt Service
43. 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.
Adopted Budget
Pension and other employee benefit Trust Fund
Fund
Board of Supervisors
44. The budget amounts for a project at the first successful Baselining of the project.
Original Budget
Debt Service Funds
Award
Physical Intentory
45. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Debt Service
Depreciation
Expenditure Type
Current Budget
46. 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.
Depreciation
Full Cost
Fiduciary
Appropriation
47. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Org.
Baseline Budget
Preliminary Budget
General Purpose Revenue
48. 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
Grant
General Purpose Revenue
Appropriation
Capital Outlay Fund (COA)
49. 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.
Asset Inventory
Supplier
Capital Projects Funds
General Purpose Revenue
50. 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.
Capital Projects Funds
Activity- Based Costing (ABC)
General Fund
Direct Expense