Which statement is FALSE when enabling a Multi-GAAP application?

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

When enabling a Multi-GAAP application, the statement that is considered false involves the availability of custom dimensions. In a Multi-GAAP setup, the application typically provides a predefined structure that includes necessary elements to support different Global Accounting Principles. While there may be some flexibility in configuring dimensions, it is not standard practice to have two additional custom dimensions explicitly guaranteed upon enabling Multi-GAAP.

The correct understanding of Multi-GAAP applications emphasizes that the system has certain built-in features designed to meet regulatory requirements without necessarily expanding the number of custom dimensions. Therefore, the statement suggests that users can automatically expect additional custom dimensions beyond the core structure, which is not how these applications are typically designed or implemented.

In contrast, the Multi-GAAP dimension being optional is an accurate reflection of the system's design, allowing for flexibility in reporting frameworks. The creation of an FCCS_IFRS member is part of standard functionality when initiating a Multi-GAAP application, designed to facilitate compliance with IFRS standards. Furthermore, there is indeed the ability to create additional GAAP adjustments, reflecting the purpose of providing diverse reporting capabilities for different accounting standards.

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