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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. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Force Account
Line-Item Budget
Pension and other employee benefit Trust Fund
Full Tim Equivalency (FTE)
2. 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.
Estimated Revenue
Award
General Purpose Revenue
Physical Intentory
3. To approve an award budget for use in reporting and accounting.
Baseline
Account Segment
Internal Service Funds
Enterprise Fund
4. A five-year list of planned capital projects - developed by the Department of General Services.
Funds Available
Grant
Capital Improvement Plan (CIP)
Expenditure
5. 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.
Obligation
Estimated Revenue
Commitment
Invoise Types
6. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Proprietary Funds
Chart of Accounts
Grant
Fund
7. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Raw Cost
Asset Inventory
Invoice
Pension and other employee benefit Trust Fund
8. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Direct Expense
Line-Item Budget
Baseline Budget
Invoise Types
9. 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.
Invoise Types
Enterprise Fund
Adopted Budget
Full Cost
10. 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.
Indirect Project
Contract or Contract Purchase Agreement (CPA)
Encumbrance
Cost Applied
11. 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.
Internal Agreement
Enterprise Funds
Invoice
Invoice
12. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Adopted Budget
Special Revenu Fund
Inventory Item
Chart of Accounts
13. Accounts for the County's financial resources except those required to be accounted for in another fund.
Capital Assets
Expenditure
General Fund
Invoice
14. 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.
Internal Service Fund (ISF)
Expenditure
Raw Cost
Fund Balance
15. The budget amounts for a project at the first successful Baselining of the project.
General Fund
Original Budget
Estimated Revenue
Inventory Item
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
Asset Management
Chart of Accounts
Bond
Grant
17. Units of work that can be broken down into one or more task to capture and related revenue.
Special Revenue Fund
Fund Balance
Project
Change Letter
18. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.
Preliminary Budget
Capital Project
Invoise Types
Capital Improvement
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.
Indirect Cost or Indirect Expense
Contract or Contract Purchase Agreement (CPA)
Capital Assets
Expenditure Type
20. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Obligation
Physical Intentory
Preliminary Budget
Purchase Requsition
21. 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.
Trust Fund
Standard Purchase Order
Full Tim Equivalency (FTE)
Fiduciary Fund
22. The most recently baselined budget version of the budget.
Enterprise Fund
Current Budget
Capital Project
Baseline
23. 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
Fiduciary Fund
Account
Depreciate
Capital Assets
24. A classification of cost that is assigned to each expenditure items. Expenditure types are grouped into cost groups ( expenditure categories) and revenue groups ( revenue categories).
Expenditure Type
Inventory Item
Adopted Budget
Activity- Based Costing (ABC)
25. 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
Enterprise Fund
Org.
Direct Expense
Cash Basis of Accounting
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.
Preliminary Budget
Line-Item Budget
Revenue
Baseline Budget
27. The amount computed by dividing an aggregate balance by the number of calendar days in the related range.
Capital Project Fund
Full Tim Equivalency (FTE)
Average Balance
Direct Expense
28. Accounts for the financingof goods and services provided by one department or agency to other departments or agency on a cost-reimbursement basis.
Line-Item Budget
Fund
Internal Service Funds
Fiduciary Fund
29. 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
Line-Item Budget
Blanket Purchase Agreement
Appropriation
Internal Service Fund (ISF)
30. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds
Debt Service
Obligation
Governmental Funds
Enterprise Fund
31. 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
Blanket Purchase Agreement
Program Budget
Line Budget Item
Revenue
32. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Indirect Cost of Expense
Physical Intentory
Capital Outlay Fund (COA)
Debt Service Funds
33. The account structure an enterprise uses to record transactions and maintain account balances.
Deficit
Chart of Accounts
Direct Cost or Direct Expense
Fiduciary
34. 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
Grant
Special Revenu Fund
Capital Budget
Avoidable Cost
35. 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.
Accounting Standards
Full Cost
Baseline Budget
Blanket Purchase Agreement
36. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Expenditures
Fund
Supplier
Fiduciary
37. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
Asset
Invoice
Governmental Funds
Funds
38. 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
Capital Project
Internal Service Fund (ISF)
Invoise Types
Fund
39. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Spending Funds
Enterprise Fund
Purchase Requsition
Debt Service
40. 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.
General Fund
Appropriation
Avoidable Cost
Invoice
41. 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.
Purchase Order
Depreciation
Board of Supervisors
Inventory Item
42. 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.
Purchase Order
Capital Budget
Adopted Budget/Operational Plan
Full Tim Equivalency (FTE)
43. 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.
Grant
Special Revenue Fund
Full Cost
Purchase Requsition
44. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Revenue
Indirect Cost of Expense
Change Letter
Line Budget Item
45. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Indirect Project
Change Letter
Enterprise Fund
Supplier
46. Does not include paid or unpaid leave - work performed on behalf of a busness entity which is required for that entity to fullfil its business purpose.
Encumbrance
Raw Cost
Purchase Requsition
Productive Time
47. The spread of an assets cost over the time period it is used.
Estimated Revenue
Average Balance
Invoice
Depreciate
48. An accounting device established to control receipts and disbursements set aside to support specific activities.
Encumbrance
Fund
Governmental Funds
Revenue
49. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.
Capital Assets
Estimated Revenue
Deficit
Fixed Asset
50. 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
Direct Expense
Depreciation
Internal Service Fund (ISF)
Service and Supplies