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Identify the three true statements about accounts and account types. (Choose three.)
"Each account has an account type. Account types determine how child accounts are aggregated to parent accounts and how account balances accumulate over time."
Above is an explanation about account types directly from the HFM Admin guide published by Oracle.
Additionally, this is true because Asset and Liability account types are balance sheet accounts and they represent a balance at a point in time. So, whether you look at the amount in these account types as periodic, QTD or YTD, the value is the same as it is not a cumulative amount.
The Revenue and Expense account types are income statement accounts and therefore the QTD and YTD amounts are an accumulation of the Periodic amounts.
Identify the three true statements about security classes. (Choose three.)
What feature in Financial Reporting allows you to "drill into" a dimension?