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 separate financial reporting unit fo budgeting - management - or accounting purposes. All budgetary transactions are recorded in accounts
Depreciation
Raw Cost
Account
Internal Service Fund (ISF)
2. 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.
Revenue
Fiduciary Fund
Encumbrance
Line Budget Item
3. 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
Estimated Revenue
Fund Balance
Internal Service Fund (ISF)
Depreciate
4. 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).
Adopted Budget
Debt Service Funds
Preliminary Budget
Expenditure Type
5. Additional revenue received beyond that which was budgeted and which may be made available for the financing requirements of the County.
Overrealized Revenue
Original Budget
Current Budget
Accrual Basis of Accounting
6. 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.
Adopted Budget/Operational Plan
Encumbrance
Release
Original Budget
7. Fund is an independent fiscla and accounting entity.
Invoise Types
Fund
Fund Balance
General Purpose Revenue
8. An internal request for goods or services. A requisiton can originate from an employee or from another process. Each requition can include many lines - generally with a distict item on each requisition line.
Purchase Requsition
Line Budget Item
Depreciation
Debt Service Funds
9. 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
Purchase Order
Special Revenue Fund
Full Cost
10. 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 -
Capital Project Fund
Revenue
Encumbrance
Blanket Purchase Agreement
11. 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.
Raw Cost
Depreciation
Direct Cost or Direct Expense
Productive Time
12. A self-balancing set of accounts.
Fiduciary Fund
Supplier
Special Revenu Fund
Fund
13. 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.
Average Balance
Reserve
Proprietary Funds
Expenditure
14. A method of accounting in which revenues are recorded only when cash is received and expenditures are recorded only when payment is made.
Cash Basis of Accounting
Fixed Asset
Fund Balance
Internal Service Fund (ISF)
15. 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
Invoise Types
Preliminary Budget
Internal Service Funds
Indirect Cost or Indirect Expense
16. 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
Full Tim Equivalency (FTE)
Revenue
Estimated Revenue
Enterprise Fund
17. 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.
Asset
Fixed Asset
Commitment
Data Warehouse
18. 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
Appropriation
Special Revenue Fund
Fund Balance
Enterprise Fund
19. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Line Budget Item
Capital Improvement Plan (CIP)
Debt Service
Depreciation
20. Annual principal and interest payments that local government owes on borrowed money.
Inventory Item
Obligation
Purchase Requsition
Debt Service
21. A periodic - often annual - reconciliation of all inventory item physical counts with system on-hand quantities.
Physical Intentory
Full Cost
Grant
Capital Budget
22. 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
Asset Management
Direct Expense
Expenditure Type
Bond
23. 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.
General Fund
Appropriation
Inventory Item
Debt Service
24. An expenditure object within the budget for all standard costs of daily operations - including such terms as office supplies - contractual services - and travel.
Service and Supplies
Bond
Current Budget
Encumbrance
25. 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.
Enterprise Funds
Accounting Standards
Capital Assets
Capital Budget
26. 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).
Fixed Asset
Org.
Capital Outlay Fund (COA)
Accrual Basis of Accounting
27. An encumbrance category that allows you track you anticipated expenditures according to your purchase approval process. Types:commitments ( requisition encumbrances) and obligation ( PO encumbrances).
Capital Project
Asset Management
Funds Available
Encumbrance Types
28. Units of work that can be broken down into one or more task to capture and related revenue.
Project
Estimated Revenue
Line Type
General Fund
29. 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
Invoice
Activity- Based Costing (ABC)
Account Segment
30. Is derived from taxes - licenses - fees - and investment earnings.
Account
Revenue
Indirect Cost or Indirect Expense
Program Budget
31. Contributions or gifts of cash or other assets from another government or agency to be used or expended for a specified purpose - activity or facility.
Capital Improvement Plan (CIP)
Blanket Purchase Agreement
Fund
Grant
32. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
Raw Cost
Internal Agreement
Capital Project Fund
Invoice
33. Additional revenue that was not expected and - therefore -not budgeted - but which may legally be made available for the financing requirements of the County.
Fund
Unanticipated Revenue
Invoice
General Fund
34. 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
Estimated Revenue
Indirect Cost of Expense
Fund
35. The types of invoices- Standard - Credit memo - Debit memo - Expense Report - Prepayment - Mixed.
Invoice
Invoise Types
Proprietary Funds
Force Account
36. 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
Encumbrance Types
Fund
Service and Supplies
Capital Project
37. 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.
Capital Budget
Org.
Board of Supervisors
Indirect Project
38. The electronic process of mainaining an itemized list of current inventory.
Debt Service Funds
Asset Management
Genaral Revenue Allocation
Baseline Budget
39. Accounts for the accumulation for and the payment of general long-term principal and interest.
Purchase Order
Debt Service Funds
Inventory Item
Cash Basis of Accounting
40. To approve an award budget for use in reporting and accounting.
Baseline
Asset
Depreciation
Service and Supplies
41. 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.
Adopted Budget
Data Warehouse
General Purpose Revenue
Internal Service Fund (ISF)
42. 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.
Avoidable Cost
Raw Cost
General Purpose Revenue
Expenditure Type
43. 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
Release
Line Budget Item
Indirect Cost or Indirect Expense
Indirect Cost of Expense
44. 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.
Genaral Revenue Allocation
Debt Service
Direct Expense
Trust Fund
45. 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.
Service and Supplies
Purchase Order
Average Balance
Capital Budget
46. The compilation of proposed amendments to the CAO Proposed Operational Plan. Change Letters must be filed by the close of Public Hearing.
Change Letter
Expensed Inventory
Capital Project
Depreciation
47. Accounts for the provision of supplies and / or tangible services to public that is similar to services provided by business enterprises.
Indirect Project
Fixed Asset
Enterprise Funds
Fund
48. The authorized budget for a project or task - which is used for performance reporting and revenue calculation.
Baseline Budget
Program Budget
Reserve
Bond
49. A document received from a supplier that lists amounts owed to the supplier for purchased good or services.
Raw Cost
Invoice
Fiduciary Fund
Spending Funds
50. 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
Invoice
Special Revenue Fund
Enterprise Fund
Fund