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

SAP Error Message - Details

• 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 resolve the UCF6035 error, you can take the following steps:
  
  
  Check Asset Master Data:
  
  Navigate to the asset master record for the goodwill in question.
  Ensure that both the amortization start date and the useful life (amortization period) are correctly entered.
  
  
  
  Update Amortization Settings:
  
  If the amortization start date or life is missing, update the asset master data with the correct information.
  You can do this by using transaction code AS02 (Change Asset) to modify the asset details.
  
  
  
  Review Configuration:
  
  If the issue persists, check the configuration settings for asset accounting in the SAP system. Ensure that the settings for goodwill and intangible assets are correctly defined.
  This may involve consulting with your SAP FI/CO configuration team to ensure that the necessary parameters are set up correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on managing goodwill and intangible assets.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for managing asset records.
  SAP Notes: Check SAP Notes for any known issues or patches related to goodwill management that may provide additional insights or solutions.
  User Roles: Ensure that the user has the appropriate permissions to modify asset master data, as restrictions may prevent changes from being saved.
  
  By following these steps, you should be able to resolve the UCF6035 error and ensure that your goodwill and intangible asset management is functioning correctly within the SAP system.