How To Fix UCF6035 - Goodwill global: Start or life of amortization/reduction is missing

UCF6035 - Overview

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 035

• Message text: Goodwill global: Start or life of amortization/reduction is missing

What causes this issue?

The settings for global goodwill are inconsistent with regards to the
treatment of (negative) goodwill. This can have the following causes:
Ordinary amortization of (negative) goodwill was activated, but the
start date and/or the life of amortization is missing.
Periodic reduction of (negative) goodwill was activiated, but the start
date and/or the life of the reduction is missing.

System Response

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

How to fix this error?

Go to Customizing for "Goodwill Global" and specify the start date and
the life of the amortization or reduction.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCF6035 - Goodwill global: Start or life of amortization/reduction is missing ?

  The SAP error message UCF6035, which states "Goodwill global: Start or life of amortization/reduction is missing," typically occurs in the context of managing goodwill in the SAP system, particularly when dealing with the accounting and financial reporting of goodwill and other intangible assets.
  
  Cause:
  This error usually arises due to one of the following reasons:
  
  
  Missing Amortization Start Date: The system requires a start date for the amortization of goodwill, and if this date is not provided, the error will occur.
  
  
  Missing Amortization Period: The system also requires a defined period (or life) over which the goodwill will be amortized. If this information is not entered, the error will be triggered.
  
  
  
  Configuration Issues: There may be issues with the configuration settings in the SAP system related to the management of goodwill and intangible assets.
  
  
  Data Entry Errors: Incorrect or incomplete data entry when creating or modifying the goodwill asset master record can lead to this error.
  
  
  
  Solution:
  To