SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. 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.
Line Budget Item
Raw Cost
Internal Service Fund (ISF)
Release
2. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Baseline Budget
Program Budget
Fiduciary
Supplier
3. 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.
Commitment
General Purpose Revenue
Physical Intentory
Capital Project
4. The amount of revenue expected to accrue or to be collected during a fiscal year.
Org.
Estimated Revenue
Asset Inventory
General Purpose Revenue
5. Accounts for the County's financial resources except those required to be accounted for in another fund.
Capital Project Fund
General Fund
Force Account
Avoidable Cost
6. Trust Fund and Agency Funds
Fiduciary
Fund
Commitment
Purchase Requsition
7. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Original Budget
Board of Supervisors
Governmental Funds
Physical Intentory
8. 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
Encumbrance Types
Appropriation
Pension and other employee benefit Trust Fund
Line Type
9. 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.
General Fund
Data Warehouse
Pension and other employee benefit Trust Fund
Account
10. 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.
Fiduciary Fund
Fund
Spending Funds
Productive Time
11. 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.
Blanket Purchase Agreement
Unanticipated Revenue
Fixed Asset
Depreciation
12. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Capital Assets
Org.
Raw Cost
Debt Service Funds
13. Enterprise Funds - Internal Service Fund
Appropriation
Full Tim Equivalency (FTE)
Force Account
Proprietary Funds
14. 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
Blanket Purchase Agreement
Bond
General Purpose Revenue
15. 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
Raw Cost
Debt Service
Asset Inventory
16. 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
Productive Time
Line-Item Budget
Expenditure Type
Indirect Cost or Indirect Expense
17. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.
Fund
Original Budget
Invoise Types
Baseline Budget
18. The difference between budgeted amounts and all actual and anticipated expenditures.
Commitment
Funds Available
Capital Project Fund
Expenditure
19. 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.
Depreciate
Contract or Contract Purchase Agreement (CPA)
Invoice
Internal Service Fund (ISF)
20. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Debt Service
Adopted Budget/Operational Plan
Line Budget Item
Chart of Accounts
21. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds
Baseline
Invoice
Governmental Funds
Obligation
22. 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
Internal Agreement
Grant
Avoidable Cost
23. Is derived from taxes - licenses - fees - and investment earnings.
Commitment
General Purpose Revenue
Capital Assets
Revenue
24. 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
Avoidable Cost
Expensed Inventory
Accrual Basis of Accounting
25. An itemized statement of money owed for goods shipped or services rendered
Invoice
General Fund
Activity- Based Costing (ABC)
Obligation
26. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Debt Service
Cost Applied
Direct Cost or Direct Expense
Full Tim Equivalency (FTE)
27. 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 -
Asset
Purchase Requsition
Encumbrance
General Purpose Revenue
28. A method employed in the constructon and /or maintenance of projects and activities - wherby the County's own personnel are used to perform the services - instead of an outside contractor. This method may also call for the purchase or use of the Coun
Full Cost
Cost Budget
Internal Agreement
Force Account
29. 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.
General Purpose Revenue
Cost Applied
Program Budget
Depreciation
30. 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.
Invoice
Productive Time
Funds
Fixed Asset
31. 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
Direct Cost or Direct Expense
Blanket Purchase Agreement
Enterprise Fund
Internal Service Funds
32. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Invoice
Capital Project Fund
Accrual Basis of Accounting
Trust Fund
33. 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.
Debt Service
Data Warehouse
Physical Intentory
Encumbrance
34. 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.
Full Tim Equivalency (FTE)
Service and Supplies
Board of Supervisors
Proprietary Funds
35. 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
Fund
Special Revenu Fund
Avoidable Cost
Proprietary Funds
36. The amount of revenue expected to accrue or to be collected during a fiscal year.
Internal Agreement
Baseline Budget
Estimated Revenue
Account Segment
37. 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.
Indirect Cost or Indirect Expense
Fund
Adopted Budget/Operational Plan
Capital Assets
38. 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.
Special Revenue Fund
Accounting Standards
Capital Project
Invoice
39. The spread of an assets cost over the time period it is used.
Cost Applied
Asset Management
General Purpose Revenue
Depreciate
40. 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.
Indirect Cost of Expense
Internal Service Fund (ISF)
Inventory Item
Full Tim Equivalency (FTE)
41. 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
Capital Project
Capital Project
Internal Service Fund (ISF)
Bond
42. The additional to cash or other current assets of governmental funds( receipts) which do not increase any liability or reserve and do not represent the recovery of an expenditure from services to others ( reimbursements).
Debt Service
Revenue
Adopted Budget
Depreciation
43. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Indirect Cost of Expense
Debt Service Funds
Standard Purchase Order
Change Letter
44. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Encumbrance
Governmental Funds
Project
Overrealized Revenue
45. 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
Capital Assets
Internal Service Fund (ISF)
General Fund
Estimated Revenue
46. 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.
Invoice
Fiduciary Fund
Depreciate
Change Letter
47. A five-year list of planned capital projects - developed by the Department of General Services.
Fiduciary Fund
Fund Balance
Capital Improvement Plan (CIP)
Productive Time
48. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Invoice
Cash Basis of Accounting
Purchase Order
Data Warehouse
49. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Asset
Internal Service Fund (ISF)
Standard Purchase Order
Debt Service Funds
50. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Org.
General Purpose Revenue
Capital Improvement
Encumbrance