Which statement best describes enabling Multi-GAAP during application creation?

• A. It is enabled during application creation by selecting the Multi-GAAP feature
• B. It can only be enabled after first data load
• C. It is automatically enabled for all applications
• D. It requires a separate license

Answer: (A)

Enabling Multi-GAAP is a configuration choice you make as you set up a new FCCS application. In the application creation wizard, you select the Multi-GAAP feature, and that choice provisions the app to support multiple accounting standards within the same instance. Once enabled, you can define separate reporting standards, mappings, and consolidation rules for each GAAP, within one application, instead of needing separate apps for each standard. This upfront selection is why the correct description is that it’s enabled during application creation. It isn’t something that happens automatically for every app, nor is it something you enable simply by loading data, and the option described in the other choice isn’t the common creation-time approach.