How To Fix UCF2012 - Currency translation key is not specified

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF2 - Messages for Currency Translation

• Message number: 012

• Message text: Currency translation key is not specified

What causes this issue?

You want to translate a source key figure into a target key figure.
However, you have not specified a currency translation key for the
specific translation.
The currency translation key is formed by the translation timeframe, the
translation rule, and the exchange rate period used.

System Response

Customizing is incomplete, and therefore cannot be saved as it is.

How to fix this error?

Choose one of the available currency translation keys.
Note: By using new combinations of the translation timeframe,
translation rule and E/R period used, you can define more currency
translation keys - for example, for translation with the prior-year
exchange rate.

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 UCF2012 - Currency translation key is not specified ?

  The SAP error message UCF2012, which states "Currency translation key is not specified," typically occurs in the context of financial reporting or when dealing with currency translations in SAP. This error indicates that the system is unable to find a currency translation key that is necessary for converting amounts from one currency to another.
  Cause:
  
  Missing Currency Translation Key: The primary cause of this error is that the currency translation key has not been defined in the system for the specific transaction or report you are trying to execute.
  Configuration Issues: There may be issues in the configuration settings related to currency translation in the SAP system.
  Incorrect Master Data: The master data for the relevant financial objects (like cost centers, profit centers, etc.) may not have the necessary currency translation settings.
  Missing or Incorrect Settings in the Financial Statement Version: If you are working with financial statements, the version may not have the correct settings for currency translation.
  
  Solution:
  
  
  Define Currency Translation Key:
  
  Go to the transaction code OB08 (or the relevant configuration transaction) to define or check the currency translation keys.
  Ensure that the necessary currency translation keys are created and properly configured.
  
  
  
  Check Configuration:
  
  Review the configuration settings for currency translation in the SAP system. This can typically be found under the Financial Accounting (FI) or Controlling (CO) modules.
  Ensure that the settings for currency types and translation methods are correctly defined.
  
  
  
  Review Master Data:
  
  Check the master data for the relevant financial objects to ensure that they have the correct currency settings.
  Make sure that the currency translation key is assigned to the relevant master data records.
  
  
  
  Financial Statement Version:
  
  If applicable, check the financial statement version settings to ensure that the currency translation key is specified correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on currency translation settings and configurations.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction or report again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 for currency settings, OB22 for defining currency types, and S_ALR_87012284 for financial statement reports.
  SAP Notes: Check SAP Notes for any known issues or patches related to currency translation errors.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to currency settings and master data.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting or controlling within SAP.