When setting an account property to a data storage type of "Dynamic Calc," which two options are allowed?

Prepare for your Oracle Financial Consolidation and Close (FCC) Certification Exam with diverse questions and insightful explanations. Excel in your certification journey with confidence.

Setting an account property to a data storage type of "Dynamic Calc" allows the account to calculate its value dynamically based on other account values or formulas rather than storing static data. This means that whenever the account is referenced, its value is recalculated.

When the account is set to "Dynamic Calc," you can create member formulas that dictate how the value is calculated based on other members or accounts. This feature enhances the flexibility of financial reporting as it allows for on-the-fly calculations based on the current data.

The correct choice indicates that it is permitted to load data to accounts that are set as dynamic calculations while also allowing the creation of member formulas. This option reflects the capability to combine static data inputs with dynamic calculations for versatile reporting. Thus, the answer supports the understanding that dynamic calculation accounts can both derive their values from member formulas and have static values loaded temporarily, enhancing their utility in financial modeling and reporting.

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