Financial Periods: Test Pool (ML-Generated)

  1. What action should you take once a financial period has been closed and the data has been verified and disclosed in financial reports?
    • Lock the period to secure the data from further changes
    • Delete the period to remove the data from financial reports
    • Archive the period to preserve the data for future reference
  2. On which form can you lock a period in Acumatica ERP?
    • Manage Financial Periods
    • Journal Transactions
    • General Ledger Preferences
    • Financial Year
  3. Select the correct statement about a period that has the Locked status.
    • The data from this period is secured and cannot be changed anymore.
    • The data from this period has not been verified and disclosed in financial reports.
    • The data from this period is still subject to further changes.