Which statement is false regarding establishing security for Financial Consolidation and Close?

The statement asserting that all members are accessible for dimensions with no security applied is accurate and highlights the principle of default accessibility in Oracle Financial Consolidation and Close. When no specific security restrictions are placed on a dimension, it implies that all members within that dimension will be accessible to users. This allows for flexibility in managing user access, where administrators can define security at varying levels for different dimensions as needed.

The mechanism of assigning security in FCC involves understanding that if there's no restriction established, unrestricted access is granted to all members. This is especially significant when considering how roles and permissions can be tailored to specific business needs. For instance, organizations often want to ensure that sensitive financial data is adequately protected while allowing unrestricted access to less sensitive information unless specified otherwise.

Other statements correctly reflect the functionality of the system: security is indeed able to be assigned at the parent level, thus facilitating hierarchical management of access; security requirements can vary depending on dimensions, meaning it might be mandatory for certain setups; and the Identity Domain Administrator's full access privileges underscore the importance of essential administrative roles capable of overseeing the entire environment.