How To Fix G00421 - Exch.rate ind. "income statement" missing for currency trl. of goodwill

G00421 - Overview

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 421

• Message text: Exch.rate ind. "income statement" missing for currency trl. of goodwill

What causes this issue?

The function "goodwill in local currency" was activated in the system
settings for the utilization of C/I. However, no exchange rate indicator
was specifed in the global settings for C/I for currency translation of
goodwill into local currency in the income statement.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Maintain the exchange rate indicator "income statement" in the global
settings for C/I for currency translation of goodwill.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G00421 - Exch.rate ind. "income statement" missing for currency trl. of goodwill ?

  The SAP error message G00421 indicates that there is a missing exchange rate indicator for the income statement related to the currency translation of goodwill. This error typically arises in the context of financial reporting and currency translation processes within SAP, particularly when dealing with foreign currency transactions and consolidations.
  
  Cause:
  
  Missing Exchange Rate Indicator: The primary cause of this error is that the system cannot find the necessary exchange rate indicator for the income statement for the specific currency translation of goodwill. This can happen if the exchange rate type is not defined or not properly configured in the system.
  
  Configuration Issues: There may be issues in the configuration of the currency translation settings in the SAP system, particularly in the Financial Accounting (FI) or Controlling (CO) modules.
  Missing or Incorrect Settings: The settings for the currency translation for goodwill may not have been set up correctly in the system, leading to this