How To Fix GK665 - Treatment of goodwill must be chosen

GK665 - Overview

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 665

• Message text: Treatment of goodwill must be chosen

What causes this issue?

Various elimination options are available for the treatment of
<DS:GLOS.goodwill>goodwill</> as part of the
<DS:GLOS.consolidation_of_investments>consolidation of investments.</>
These settings have not been made in the current
<DS:GLOS.dimension>dimension.</>

System Response

Warning

How to fix this error?

Choose at least one elimination option for goodwill.

Error message extract from SAP system. Copyright SAP SE.

GK665 - Details

• The SAP error message GK665, "Treatment of goodwill must be chosen," typically occurs in the context of financial accounting and consolidation processes within SAP. This error indicates that the system requires a specification of how goodwill should be treated in the financial statements, particularly when dealing with mergers, acquisitions, or consolidations.
  
  Cause:
  The error arises when:
  
  Goodwill Treatment Not Defined: The system does not have a defined method for treating goodwill in the relevant configuration settings.
  Missing Configuration: The necessary configuration for goodwill treatment in the financial accounting module is incomplete or missing.
  Transaction Context: The error may occur during specific transactions, such as when creating or processing a consolidation entry or during the setup of a new company code.
  
  
  Solution:
  To resolve the GK665 error, you can follow these steps:
  
  
  Define Goodwill Treatment:
  
  Navigate to the configuration settings in SAP.
  Go to the path: Financial Accounting (FI) > General Ledger Accounting > Business Transactions > Goodwill.
  Here, you can specify