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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. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Current Budget
Unanticipated Revenue
Internal Service Funds
Accounting Standards
2. 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.
Expenditure
Debt Service Funds
Expenditures
Governmental Funds
3. 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
Proprietary Funds
Capital Project
Internal Agreement
Internal Service Fund (ISF)
4. The spread of an assets cost over the time period it is used.
Standard Purchase Order
Depreciate
Internal Service Funds
Asset
5. 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.
Blanket Purchase Agreement
Internal Agreement
General Purpose Revenue
Invoice
6. Accounts for the proceeds of specific revenue sources ( except pension trust and major capital projects) that are legally restricted to expenditures for specific purposes.
Adopted Budget/Operational Plan
Special Revenue Fund
Capital Project
Expenditure
7. Enterprise Funds - Internal Service Fund
Accrual Basis of Accounting
Proprietary Funds
Unanticipated Revenue
Expensed Inventory
8. An itemized statement of money owed for goods shipped or services rendered
Depreciation
Invoice
Capital Project
Asset Inventory
9. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Purchase Order
Expensed Inventory
Expenditure
Full Tim Equivalency (FTE)
10. Accounts for the accumulation for and the payment of general long-term principal and interest.
Grant
Debt Service Funds
Internal Service Funds
Funds
11. 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.
Avoidable Cost
Obligation
Full Tim Equivalency (FTE)
Original Budget
12. 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
Capital Project
Direct Expense
Grant
Capital Budget
13. 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.
Encumbrance
Physical Intentory
Indirect Cost or Indirect Expense
Accrual Basis of Accounting
14. 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.
Board of Supervisors
Program Budget
Deficit
Line-Item Budget
15. A type of Purchase Order that is issued to specify agreed-to prices - delivery periods or other terms for goods or services that will be ordered ( released) for actual delivery later. A BPA is normally issued to cover a long-term agreement period suc
Capital Improvement Plan (CIP)
Direct Expense
Blanket Purchase Agreement
Encumbrance
16. 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
Fiduciary
Special Revenu Fund
Bond
Fixed Asset
17. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Cost Applied
Service and Supplies
Fiduciary Fund
Overrealized Revenue
18. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Capital Project
Invoice
Proprietary Funds
Expenditures
19. 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.
Change Letter
General Fund
Grant
Fixed Asset
20. An account that contains money set aside for a legaly restricted specifi future use.
Reserve
Grant
Line Budget Item
Internal Agreement
21. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Supplier
Accounting Standards
Account Segment
Service and Supplies
22. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Fiduciary Fund
Activity- Based Costing (ABC)
Appropriation
Asset
23. Items stocked in an inventory and controlled by tracking the quantity and value of each item. Typically - each item is considered an 'asset' until it is issued or adjusted ( expensed) out of the inventory. The value of the item is equal to the curren
Special Revenu Fund
Debt Service
Asset Inventory
Inventory Items
24. Is derived from taxes - licenses - fees - and investment earnings.
Revenue
Indirect Cost or Indirect Expense
Data Warehouse
Expenditures
25. The amount of revenue expected to accrue or to be collected during a fiscal year.
Fund
Estimated Revenue
Enterprise Fund
Deficit
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.
Pension and other employee benefit Trust Fund
Invoise Types
Preliminary Budget
Asset Inventory
27. A separate financial reporting unit fo budgeting - management - or accounting purposes. All budgetary transactions are recorded in accounts
Chart of Accounts
Baseline
Account
Average Balance
28. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Service and Supplies
Grant
Internal Service Fund (ISF)
Capital Outlay Fund (COA)
29. The transfer of costs of services performed by one budget unit for the benefit of another budget unit within the same fund.
Blanket Purchase Agreement
Cost Applied
Enterprise Fund
Indirect Project
30. 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
Capital Project Fund
Line Budget Item
Asset Management
Supplier
31. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Standard Purchase Order
Deficit
Raw Cost
Grant
32. Accounts for the County's financial resources except those required to be accounted for in another fund.
Fiduciary Fund
Revenue
Encumbrance
General Fund
33. 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
Depreciate
Enterprise Fund
Fund
Cost Applied
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.
Asset Inventory
Governmental Funds
Contract or Contract Purchase Agreement (CPA)
Account
35. 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.
Enterprise Fund
Purchase Requsition
General Fund
Standard Purchase Order
36. Non-Capital Project. Non productive time as a type of indirect project to track paid time off. Printing - mails - purchasing - contracting - fleet - facilities. and admin projects ( overhead - training - travel - etc ).
Indirect Cost or Indirect Expense
Spending Funds
Indirect Project
Trust Fund
37. 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
Estimated Revenue
Invoice
Cost Applied
Capital Assets
38. 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.
Board of Supervisors
Cost Budget
Genaral Revenue Allocation
Internal Service Fund (ISF)
39. Units of work that can be broken down into one or more task to capture and related revenue.
Bond
Contract or Contract Purchase Agreement (CPA)
Project
Line Type
40. 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.
Fiduciary Fund
Capital Assets
Release
Direct Expense
41. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Genaral Revenue Allocation
Unanticipated Revenue
Service and Supplies
Preliminary Budget
42. Items that are stocked in intentory. Inventory is controlled by quantity and value. Remains an asset until it is consumed. The cost of an intentory items is recognized as an expense when it is consumed or sold.
Internal Service Funds
Indirect Project
Inventory Item
Raw Cost
43. 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
Purchase Order
Force Account
Reserve
Expenditures
44. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.
Debt Service
Data Warehouse
Governmental Funds
Unanticipated Revenue
45. 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.
Funds
Award
Commitment
Invoice
46. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Asset Management
Debt Service
Indirect Cost of Expense
Overrealized Revenue
47. 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
Accounting Standards
Expenditure Type
Purchase Requsition
48. 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.
Enterprise Fund
Unanticipated Revenue
Capital Assets
Trust Fund
49. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Revenue
Enterprise Funds
Bond
Indirect Cost or Indirect Expense
50. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Standard Purchase Order
Encumbrance Types
Cash Basis of Accounting
Capital Project