How To Fix G01042 - Sel. &1 is not allowed for equity holdings adjustments (see long text)

SAP Error Message - Details

• Message type: E = Error

• Message class: G01 - SAP Consolidation

• Message number: 042

• Message text: Sel. &1 is not allowed for equity holdings adjustments (see long text)

What causes this issue?

In <LS>Reported Items for Equity Method</> (transaction CXJ2), you have
specified &V1&.
The selections for the reported items for equity method must meet the
following prerequisites:
They must only include the following characteristics:
FS Item
Subitem Category
Subitem
They must only contain single values for the characteristics above.
Selection &V1& does <ZH>not</> meet these prerequisites.

System Response

The settings for reported items for equity method are inconsistent and
<ZH>cannot</> be saved.

How to fix this error?

Adjust the definition of selection &V1& so that the prerequisites above
are met or use another selection with a correct definition.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G01042 - Sel. &1 is not allowed for equity holdings adjustments (see long text) ?

  The SAP error message G01042 indicates that a specific selection for equity holdings adjustments is not allowed. This error typically arises in the context of financial transactions related to equity holdings, such as adjustments or revaluations.
  Cause:
  The error can occur due to several reasons:
  
  Invalid Selection: The selection criteria used for equity holdings adjustments may not be valid. This could be due to incorrect parameters or values that do not meet the system's requirements.
  Configuration Issues: There may be configuration settings in the SAP system that restrict certain types of adjustments for equity holdings.
  Business Rules: The business rules defined in the system may not allow for the selected adjustment type based on the current status of the equity holdings.
  
  Solution:
  To resolve the G01042 error, consider the following steps:
  
  
  Check Selection Criteria: Review the selection criteria you are using for the equity holdings adjustment. Ensure that they are valid and meet the requirements set by the system.
  
  
  Review Configuration: Consult with your SAP configuration team to check if there are any settings that restrict the type of adjustments you are trying to perform. This may involve looking into the configuration of the relevant modules (e.g., Financial Accounting, Asset Accounting).
  
  
  Consult Documentation: Look at the long text associated with the error message for more specific guidance. This can provide insights into what is not allowed and why.
  
  
  Business Process Review: Ensure that the adjustment you are trying to make aligns with the business processes and rules established in your organization. If necessary, adjust your approach to comply with these rules.
  
  
  SAP Notes and Support: Check the SAP Support Portal for any relevant notes or updates regarding this error. There may be patches or updates that address this issue.
  
  
  Testing: If changes are made to the configuration or selection criteria, conduct thorough testing to ensure that the adjustments can be processed without errors.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with the relevant transaction codes related to equity holdings adjustments, such as those used for asset accounting or financial reporting.
  User Roles and Authorizations: Ensure that the user attempting the adjustment has the necessary roles and authorizations to perform equity holdings adjustments.
  Documentation: Review SAP documentation or user manuals related to equity accounting and adjustments for further insights.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or a consultant who specializes in SAP financial modules for more in-depth troubleshooting.