Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Eccouncil 512-50 Exam - Topic 1 Question 71 Discussion

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?
D) The lack of policies and procedures for the proper segregation of duties.
A) The need to change accounting periods on a regular basis.
B) The requirement to post entries for a closed accounting period.
C) The need to create and modify the chart of accounts and its allocations.

Eccouncil 512-50 Exam - Topic 1 Question 71 Discussion

Actual exam question for Eccouncil's 512-50 exam
Question #: 71
Topic #: 1
[All 512-50 Questions]

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?

Show Suggested Answer Hide Answer
Suggested Answer: D

by Dominic at Aug 04, 2025, 08:36 AM

Limited Time Offer

25%

Off

Get Premium 512-50 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Therese
6 months ago
Wait, why would shipping need access to accounting periods?
upvoted 0 times
...
Lashon
7 months ago
Totally agree, broad access can lead to mistakes.
upvoted 0 times
...
Dick
7 months ago
I think it’s risky to give that much access.
upvoted 0 times
...
Edison
7 months ago
Sounds like they really need to keep things flexible!
upvoted 0 times
...
Launa
7 months ago
This seems off, are they really allowed to change those settings?
upvoted 0 times
...
Afton
8 months ago
I wonder if the chart of accounts needs frequent updates, which might make option C a possibility, but I still feel uncertain about it.
upvoted 0 times
...
Brittney
8 months ago
This question feels familiar; I think we practiced something similar where access was tied to posting entries for closed periods. Maybe option B is relevant here?
upvoted 0 times
...
Tammara
8 months ago
I’m not entirely sure, but I think the need to change accounting periods regularly might be a reason too. That could relate to option A.
upvoted 0 times
...
Veronika
8 months ago
I remember discussing how broad access could lead to issues with segregation of duties, so I'm leaning towards option D.
upvoted 0 times
...
Reuben
9 months ago
I've got a good feeling about this one. The key is to think about the different departments that have access and what their needs might be. The ability to post entries for closed periods, as in option B, seems like the most plausible reason for the broad access.
upvoted 0 times
...
Filiberto
9 months ago
This seems straightforward to me. The broad access is likely due to the lack of proper policies and procedures for segregating duties, which is what option D describes. That's the most likely explanation based on the information provided.
upvoted 0 times
...
Margurite
9 months ago
I'm a bit confused by this one. The options seem to cover a range of possibilities, from regular period changes to issues with segregation of duties. I'll need to weigh the pros and cons of each before deciding.
upvoted 0 times
...
Eric
9 months ago
Okay, let's see. The question is asking about the reason for broad access to the accounting period setup function. I'm thinking it might be related to the need to make changes to accounting periods, like option A suggests.
upvoted 0 times
...
Rosalyn
9 months ago
Hmm, this seems like a tricky one. I'll need to think carefully about the different departments that have access and why that might be the case.
upvoted 0 times
...
Talia
10 months ago
D) The lack of policies and procedures for the proper segregation of duties. It's like they're just handing out the keys to the kingdom. Someone's going to end up in accounting jail.
upvoted 0 times
...
Micaela
10 months ago
A) The need to change accounting periods on a regular basis. Sounds like they need to get their act together if they're changing periods that often.
upvoted 0 times
...
Joni
10 months ago
B) The requirement to post entries for a closed accounting period. That's a valid reason, but I'm not sure why the production scheduling team needs that kind of access.
upvoted 0 times
Slyvia
6 months ago
Or it could be a policy issue.
upvoted 0 times
...
Jenelle
6 months ago
Maybe they need to adjust entries?
upvoted 0 times
...
Mayra
7 months ago
I think broad access is risky.
upvoted 0 times
...
Mari
8 months ago
Agreed, especially for production.
upvoted 0 times
...
...
Stefania
11 months ago
But what about the need to create and modify the chart of accounts?
upvoted 0 times
...
Cammy
11 months ago
I agree with Cammy, it makes sense to have access for that purpose.
upvoted 0 times
...
Pearly
11 months ago
D) The lack of policies and procedures for the proper segregation of duties. That's the obvious answer here. Letting the shipping department access the general ledger setup? What could go wrong?
upvoted 0 times
Freeman
10 months ago
C) The need to create and modify the chart of accounts and its allocations.
upvoted 0 times
...
Jenelle
10 months ago
A) The need to change accounting periods on a regular basis.
upvoted 0 times
...
...
Cammy
11 months ago
I think the reason for broad access could be to change accounting periods regularly.
upvoted 0 times
...

Save Cancel