How To Fix G06120 - *------- Flexible Treatment of Goodwill 120 - 180 -----------------------

SAP Error Message - Details

• Message type: E = Error

• Message class: G06 - SAP Cons - Error Message re. Consolidation of Investments

• Message number: 120

• Message text: *------- Flexible Treatment of Goodwill 120 - 180 -----------------------

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message G06120 - *------- Flexible Treatment of Goodwill 120 - 180 ----------------------- ?

  The SAP error message G06120, which pertains to the "Flexible Treatment of Goodwill," typically arises in the context of financial accounting and asset management within SAP systems. This error is often related to the configuration of goodwill accounting, particularly when dealing with mergers, acquisitions, or the impairment of goodwill.
  Cause:
  The error message G06120 can occur due to several reasons, including:
  
  
  Configuration Issues: The settings for goodwill treatment in the system may not be properly configured. This includes settings related to the accounting principles being used (e.g., IFRS vs. local GAAP).
  
  
  Missing Master Data: There may be missing or incorrect master data related to the goodwill asset, such as the asset class or the valuation area.
  
  
  Inconsistent Data: There could be inconsistencies in the data entered for the goodwill asset, such as incorrect values or missing information.
  
  
  Transaction Type Issues: The transaction type used for posting may not be compatible with the treatment of goodwill.
  
  
  Period Closing: If the period is closed, certain transactions related to goodwill may not be allowed.
  
  
  Solution:
  To resolve the G06120 error, consider the following steps:
  
  
  Check Configuration: Review the configuration settings for goodwill treatment in the SAP system. Ensure that the settings align with the accounting standards applicable to your organization.
  
  
  Review Master Data: Verify that all necessary master data for the goodwill asset is complete and accurate. This includes checking the asset class, valuation area, and any other relevant fields.
  
  
  Validate Data Entry: Ensure that the data entered for the goodwill asset is consistent and correct. Look for any discrepancies or missing information.
  
  
  Examine Transaction Types: Check the transaction types being used for postings related to goodwill. Ensure they are appropriate for the type of transaction being executed.
  
  
  Period Management: If the error is related to period closing, check if the period is indeed closed. If necessary, consult with your finance team to determine if adjustments can be made.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling goodwill accounting and related error messages.
  
  
  Seek Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in financial accounting.
  
  
  Related Information:
  
  Goodwill Accounting: Understanding how goodwill is treated under different accounting standards (IFRS, GAAP) is crucial for proper configuration.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Transaction Codes: Familiarize yourself with relevant transaction codes (e.g., AS01 for asset creation, AS02 for asset change) that may be involved in managing goodwill.
  
  By following these steps, you should be able to identify the root cause of the G06120 error and implement the necessary solutions to resolve it.