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






2. Annual principal and interest payments that local government owes on borrowed money.






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






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.






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






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.






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.






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.






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.






10. Is derived from taxes - licenses - fees - and investment earnings.






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






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






13. Trust Fund and Agency Funds






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.






15. Units of work that can be broken down into one or more task to capture and related revenue.






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.






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






18. Enterprise Funds - Internal Service Fund






19. Accounts for the County's financial resources except those required to be accounted for in another fund.






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






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 -






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






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






24. The most recently baselined budget version of the budget.






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).






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 -






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






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.






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






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






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






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






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.






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.






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






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






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.






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






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






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






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






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.






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






44. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.






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.






46. A self-balancing set of accounts.






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).






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.






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






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