How To Fix GK669 - The treatment of negative goodwill must be chosen.

GK669 - Overview

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 669

• Message text: The treatment of negative goodwill must be chosen.

What causes this issue?

Various elimination options are available for the treatment of
<DS:GLOS.negative_goodwill>negative 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 negative goodwill.

Error message extract from SAP system. Copyright SAP SE.

GK669 - Details

• The SAP error message GK669, which states "The treatment of negative goodwill must be chosen," typically arises in the context of financial accounting and consolidation processes within SAP. This error is related to the handling of negative goodwill (also known as "bargain purchase") in financial statements.
  
  Cause:
  Negative goodwill occurs when the purchase price of an acquired company is less than the fair value of its net identifiable assets. In SAP, when you are processing a business combination or consolidation, the system requires you to specify how you want to treat this negative goodwill. The absence of a defined treatment leads to the error message GK669.
  
  Solution:
  To resolve this error, you need to specify the treatment of negative goodwill in the relevant configuration settings. Here are the steps to do this:
  
  
  Access the Configuration Settings:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: SPRO -> Financial Accounting -> Financial Accounting Global Settings