How To Fix UCF6127 - Sel. items: Goodwill in LC: Currency translation key must be specified

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 127

• Message text: Sel. items: Goodwill in LC: Currency translation key must be specified

What causes this issue?

It is absolutely necessary for the function "Goodwill in Local Currency"
that you specify the "Currency Translation Key - Income Statement" (on
tab page "Goodwill in Local Currency" under "Selected Items").
You have not done this yet.

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?

Specify the "Currency Translation Key - Income Statement".

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 UCF6127 - Sel. items: Goodwill in LC: Currency translation key must be specified ?

  The SAP error message UCF6127 indicates that there is an issue with the currency translation key when dealing with goodwill in local currency (LC). This error typically arises in the context of financial reporting or consolidation processes where currency translation is necessary.
  Cause:
  The error occurs when the system attempts to perform currency translation for goodwill but cannot find a specified currency translation key. This key is essential for determining how to convert amounts from one currency to another during financial reporting or consolidation processes.
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Ensure that the currency translation keys are properly configured in the system. You can do this by navigating to the relevant configuration settings in the SAP system (usually found in the Financial Accounting or Consolidation modules).
  Go to the transaction code OB22 to check the settings for currency translation keys.
  
  
  
  Assign Currency Translation Key:
  
  If a currency translation key is missing, you will need to create or assign one. This can typically be done in the configuration settings for currency translation.
  Make sure that the translation key is correctly linked to the relevant accounts, including goodwill.
  
  
  
  Review Goodwill Account Settings:
  
  Check the settings for the goodwill account in the chart of accounts. Ensure that it is set up to allow for currency translation and that the necessary keys are assigned.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test run to see if the error persists. This can often be done in the same transaction where the error occurred.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to SAP documentation or consult with your SAP support team for guidance specific to your system version and configuration.
  
  
  
  Check for Updates:
  
  Ensure that your SAP system is up to date with the latest patches and updates, as sometimes bugs related to currency translation can be resolved in newer versions.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB22: Configuration for currency translation keys.
  OB08: Maintain exchange rates.
  FAGL_FC_VAL: For foreign currency valuation.
  
  
  
  SAP Notes:
  
  Check SAP Notes for any known issues or additional guidance related to this error message. You can search for UCF6127 in the SAP Support Portal.
  
  
  
  Documentation:
  
  Review the SAP Help Portal for detailed documentation on currency translation and goodwill accounting.
  
  
  
  By following these steps, you should be able to resolve the UCF6127 error and ensure that your currency translation processes work correctly. If the issue persists, consider reaching out to SAP support for further assistance.