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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. 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.






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






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






4. With separate revenue - expenditures - and fund balances. A legal independet fiscal and accounting entity - to record its cash and other resources and equties - assets - liabilities - reserves and surplus ( fund balance) as well as its income and exp






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






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






7. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.






8. Trust Fund and Agency Funds






9. Fund is an independent fiscla and accounting entity.






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






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






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






13. 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






14. A standard procurement document issued for delivery of specified goods or services on specified dates at specified locations. A PO is normally a one-time transaction.






15. The budget amounts for a project at the first successful Baselining of the project.






16. The spread of an assets cost over the time period it is used.






17. 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 -






18. 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






19. 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.






20. 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.






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






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






23. 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.






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






25. Includes the all elements of cost for the production of a good or service - including direct - indirect - and overhead costs. Full cost includes raw costs - plus all apllicable burden costs for raw labor.






26. 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.






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






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. 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






30. 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






31. A self-balancing set of accounts.






32. 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.






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






34. 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.






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






36. 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






37. 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.






38. 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.






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






40. 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.






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






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






43. 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






44. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.






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






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






47. An Actual order(sub-order) of goods and services issued against a Blanket Purchase Agreement (BPA) for actual delivery with specified quantities - dates and the accounting information.






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






49. When the PO is created from the Requisiton in Purchasing. This action then relieves the Commitment encumbrance that was created by the Requsition and creates an Obligation.






50. 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.