How To Fix UCF6116 - Equity method: Item &1 does not exist under "Equity: Stat. Equity"

UCF6116 - Overview

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 116

• Message text: Equity method: Item &1 does not exist under "Equity: Stat. Equity"

What causes this issue?

When maintaining offsetting items (debit or credit) of item type
<ZK>Balance Sheet</> for the <ZK>Equity Method</>, you also need to
enter these items as equity items in the <ZK>Equity</> section on the
<ZK>Statistical Equity</> tab.
In this case, offsetting item &V1& has not been entered as an equity
item in the <ZK>Equity</> section on the <ZK>Statistical Equity</> tab.

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?

Enter offsetting item &V1& as an equity item in the <ZK>Equity</>
section on the <ZK>Statistical Equity</> tab.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

UCF6116 - Details

• The SAP error message UCF6116 indicates that there is an issue related to the equity method in the context of financial consolidation. Specifically, the message states that the item specified (represented by &1) does not exist under the "Equity: Stat. Equity" category. This typically occurs in the context of financial reporting and consolidation processes where equity method accounting is applied.
  
  Cause:
  
  Missing Configuration: The item specified in the error message may not be properly configured in the system. This could be due to missing master data or incorrect settings in the consolidation configuration.
  Incorrect Item Reference: The item may have been referenced incorrectly in the consolidation process, leading to the system not being able to find it.
  Data Migration Issues: If data has been migrated from another system or if there have been recent changes to the chart of accounts, the item may not have been included or may have been incorrectly mapped.
  Versioning Issues: