How To Fix UCF6050 - Equity: minority interest: Item &1 is not a balance sheet item

UCF6050 - Overview

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 050

• Message text: Equity: minority interest: Item &1 is not a balance sheet item

*** like ucf6 044 ***

What causes this issue?

The items you specify in the area "Equity" on the "Minority Interest"
tab page must all have the
<DS:GLOS.615F0191A481D511B1250008C784EFB1>item type
</> "Balance Sheet".
However, you specified item &V1&, which has a different item type.

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?

Either change the item type of item &V1&, or do not use this item.

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 UCF6050 - Equity: minority interest: Item &1 is not a balance sheet item ?

  The SAP error message UCF6050 indicates that there is an issue with the classification of an item related to minority interest in equity. Specifically, it states that the item in question is not recognized as a balance sheet item, which is necessary for proper financial reporting and consolidation processes.
  
  Cause:
  
  Incorrect Item Classification: The item referenced (Item &1) may not be correctly classified in the system as a balance sheet item. This could be due to configuration settings or incorrect data entry.
  Missing Configuration: The item may not be set up in the system to be recognized as part of the equity section of the balance sheet.
  Data Entry Errors: There may be errors in the data entry process, leading to the item being incorrectly categorized.
  
  
  Solution:
  
  
  Check Item Configuration:
  
  Go to the configuration settings in SAP and verify that the item is correctly classified as a balance sheet item. This can typically be done in the