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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. 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.
Expenditures
Estimated Revenue
Expenditure
Encumbrance Types
2. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Line-Item Budget
Baseline Budget
Service and Supplies
Expensed Inventory
3. The spread of an assets cost over the time period it is used.
Current Budget
Asset Management
Depreciate
Capital Budget
4. 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.
Original Budget
Special Revenu Fund
Program Budget
General Purpose Revenue
5. Accounts for assets held by government in a trustee capacity for public employement retirement systems.
Bond
Capital Project
Encumbrance
Pension and other employee benefit Trust Fund
6. 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
Revenue
Org.
Capital Improvement Plan (CIP)
Line Budget Item
7. 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.
Debt Service
Obligation
Physical Intentory
Accounting Standards
8. Annual principal and interest payments that local government owes on borrowed money.
Current Budget
Debt Service
Average Balance
Inventory Item
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.
Invoise Types
Fiduciary Fund
Invoice
Estimated Revenue
10. 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.
Obligation
Commitment
Accounting Standards
Avoidable Cost
11. 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
Fund
Estimated Revenue
Full Cost
Fixed Asset
12. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Supplier
Special Revenu Fund
Genaral Revenue Allocation
Invoice
13. Accounts for the County's financial resources except those required to be accounted for in another fund.
Direct Cost or Direct Expense
Inventory Items
General Fund
Asset Management
14. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Original Budget
Change Letter
Enterprise Fund
Capital Budget
15. 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.
Release
Award
Capital Outlay Fund (COA)
Expenditures
16. 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.
Capital Improvement Plan (CIP)
Physical Intentory
Encumbrance
Internal Agreement
17. Accounts for the purchase or construction of major facilities which are not financed by proprietary or trust funds.
Revenue
Line Budget Item
Cash Basis of Accounting
Capital Project Fund
18. The amount of revenue expected to accrue or to be collected during a fiscal year.
Adopted Budget/Operational Plan
Estimated Revenue
Data Warehouse
Funds
19. An accounting device established to control receipts and disbursements set aside to support specific activities.
General Fund
Debt Service
Fund
Preliminary Budget
20. 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.
Enterprise Funds
Estimated Revenue
Board of Supervisors
Internal Service Funds
21. Enterprise Funds - Internal Service Fund
Debt Service Funds
Capital Improvement
Blanket Purchase Agreement
Proprietary Funds
22. A non-asset inventory that has already been expensed to a final use account and is thus carried and tracked as a on hand balance only - with an accounting value of zero.
Baseline Budget
Expensed Inventory
Account Segment
Accrual Basis of Accounting
23. 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
Service and Supplies
Chart of Accounts
Capital Project Fund
24. Locally generated revenues derived from property taxes - sales taxes - vehicle license fees - court fines and fund balances. Affected by local economic conditions.
Debt Service Funds
Capital Improvement
Line Type
General Purpose Revenue
25. An excess of liabilites over assets - of losses over profits - or of expenditures over revenue.
Encumbrance Types
Deficit
Indirect Cost of Expense
Fiduciary Fund
26. 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.
Adopted Budget/Operational Plan
Inventory Item
Force Account
Purchase Requsition
27. 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
Change Letter
Contract or Contract Purchase Agreement (CPA)
Capital Project
Enterprise Fund
28. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Grant
Baseline
Invoice
Preliminary Budget
29. The electronic process of mainaining an itemized list of current inventory.
Asset Management
Fiduciary Fund
Direct Cost or Direct Expense
Estimated Revenue
30. 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.
Project
Current Budget
Expensed Inventory
General Fund
31. 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.
Expenditure Type
Genaral Revenue Allocation
Spending Funds
General Purpose Revenue
32. Governmental funds established to accont for financial resources used for the acqusition or construction of major capital facilities ( other than those accounted for in proprietary funds).
Debt Service Funds
Capital Projects Funds
Activity- Based Costing (ABC)
Bond
33. 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.
Expenditure Type
Trust Fund
Commitment
Inventory Item
34. 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 ).
General Fund
Indirect Project
Unanticipated Revenue
Capital Outlay Fund (COA)
35. The budget amounts for a project at the first successful Baselining of the project.
Original Budget
Estimated Revenue
Preliminary Budget
Inventory Item
36. Funds estalished to account for the accumulaton of resources for - and for the payment of - principal and interest on general long-term debt.
Debt Service Funds
Cost Budget
Fund
Debt Service
37. Trust Fund and Agency Funds
Cost Budget
Fund
Depreciation
Fiduciary
38. Is derived from taxes - licenses - fees - and investment earnings.
Overrealized Revenue
Revenue
Asset Management
Program Budget
39. 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.
Baseline
Invoice
Force Account
Depreciate
40. 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)
Fund
Direct Cost or Direct Expense
Service and Supplies
41. 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).
Accrual Basis of Accounting
Direct Expense
Enterprise Fund
Avoidable Cost
42. Is made up of six unique segments: Fund - Org - Account - Project - Funding Source and TBD
Fund Balance
Account Segment
Adopted Budget
General Fund
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
Force Account
Adopted Budget
Fund Balance
Capital Improvement Plan (CIP)
44. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Capital Improvement Plan (CIP)
Invoise Types
Revenue
Adopted Budget/Operational Plan
45. 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
Revenue
Appropriation
Accounting Standards
Internal Service Fund (ISF)
46. 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
Capital Projects Funds
Enterprise Funds
Line-Item Budget
Reserve
47. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Debt Service Funds
Genaral Revenue Allocation
Cash Basis of Accounting
Proprietary Funds
48. A type of purchase order that can be issued for delivery of goods or services for specific dates and locations. Each standard purchase order line can have multiple shipments and ca distribute the quantity of each shipment across multiple accounts.
Genaral Revenue Allocation
Accrual Basis of Accounting
Standard Purchase Order
Grant
49. The difference between a fund's assets and its liabilites. A surplus or deficit of assets over liabilites and reserves within a specific fund or organizational unit. A comparison of projected ependitures and revenues with related appropriations. Port
Fund Balance
Trust Fund
Revenue
General Purpose Revenue
50. 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.
Expenditure
Contract or Contract Purchase Agreement (CPA)
Productive Time
Supplier