The general ledger setup function in an enterprise resource package allows for setting accounting periods.

Vendor: ECCouncil
Product: 512-50
Update on: Jul 26, 2025
Questions: 404

ECCouncil 512-50 Question Answer

The general ledger setup function in an enterprise resource package allows for setting accounting periods. Access to this function has been permitted to users in finance, the shipping department, and production scheduling. What is the most likely reason for such broad access?

The need to change accounting periods on a regular basis.

The requirement to post entries for a closed accounting period.

The need to create and modify the chart of accounts and its allocations.

The lack of policies and procedures for the proper segregation of duties.