How To Fix UCF6042 - Method &1: 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: 042

• Message text: Method &1: Start or life of amortization/reduction is missing

*** like ucf6 035 ***

What causes this issue?

The settings for goodwill in method &V1& 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 consolidation of investments method &V1& 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.