When activating the General Ledger module, the purpose of the Oldest Fiscal Year Starting Date is to

$($A$)$ determine the number of years of fiscal sets to be kept by the system

$$ automatically create two years prior to the Oldest Fiscal Year Starting Date in order to establish two years of history

$$ create one year prior to the Oldest Fiscal Year Starting Date in order to establish opening balances

$$ automatically create one year prior to the Oldest Fiscal Year Starting Date and set its status to inactive in the Fiscal Calendar