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

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

• A. Two custom dimensions are available after enabling Multi-GAAP.
• B. The Multi-GAAP dimension is optional.
• C. The system automatically creates an FCCS_IFRS member.
• D. Additional GAAP adjustment can be created.

Answer: (A)

Enabling Multi-GAAP introduces a dedicated GAAP framework in FCCS so you can report under multiple accounting bases without creating a proliferation of separate custom dimensions. When you turn on Multi-GAAP, the system sets up a GAAP-related structure and includes a default IFRS member (FCCS_IFRS) to anchor IFRS results. You can also add other GAAPs (such as US GAAP) as needed, and you can create additional GAAP adjustments to map between bases. The statement about two custom dimensions appearing automatically is not correct. You don’t automatically gain two separate custom dimensions just by enabling Multi-GAAP. Instead, you get the GAAP dimension with IFRS (and any additional GAAPs you configure) and you can create GAAP adjustments as required. The other statements align with how Multi-GAAP is provisioned: the IFRS member is created automatically, and you can create extra GAAP adjustments.

Enabling Multi-GAAP introduces a dedicated GAAP framework in FCCS so you can report under multiple accounting bases without creating a proliferation of separate custom dimensions. When you turn on Multi-GAAP, the system sets up a GAAP-related structure and includes a default IFRS member (FCCS_IFRS) to anchor IFRS results. You can also add other GAAPs (such as US GAAP) as needed, and you can create additional GAAP adjustments to map between bases.

The statement about two custom dimensions appearing automatically is not correct. You don’t automatically gain two separate custom dimensions just by enabling Multi-GAAP. Instead, you get the GAAP dimension with IFRS (and any additional GAAPs you configure) and you can create GAAP adjustments as required. The other statements align with how Multi-GAAP is provisioned: the IFRS member is created automatically, and you can create extra GAAP adjustments.