What is a common requirement for data input users in a Financial Consolidation and Close application?

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In a Financial Consolidation and Close application, data input users typically require the ability to have WRITE access to input data. This level of access is essential because these users are responsible for entering and updating financial information necessary for the consolidation process. This may include entering actual or forecast figures, correcting previous entries, or making adjustments as part of the close process.

Having WRITE access ensures that data input users can effectively contribute to the financial consolidation efforts without being hindered by access limitations that could impede their ability to perform necessary updates. This allows for accuracy and timely reporting, which are critical as organizations prepare their financial statements for various stakeholders.

In contrast, the other options imply restrictions or limited access that would not support the role of data input users in this context. For instance, read-only access would prevent users from entering or modifying data, making it impractical for their responsibilities. Similarly, restricting access to reports and not allowing modifications to existing data would undermine the efficiency and effectiveness of the consolidation process.

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