How To Fix UCF6354 - Global negative equity: Incorrect item type for item &1

UCF6354 - Overview

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 354

• Message text: Global negative equity: Incorrect item type for item &1

What causes this issue?

You have specified the &V1& item in Customizing for the global settings
for negative stockholders' equity as a clearing item for equity or
minority interest or as an appropriation item for negative investments.
The items that you specify in the Customizing settings for negative
stockholders' equity, must have the <LS>Balance Sheet</> item type.
However, item &V1& is not a balance sheet item.

System Response

Customizing for the global settings for negative stockholders' equity is
inconsistent and cannot be saved.

How to fix this error?

Specify only balance sheet items in the Customizing settings for
negative stockholders' equity.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCF6354 - Global negative equity: Incorrect item type for item &1 ?

  The SAP error message UCF6354, which states "Global negative equity: Incorrect item type for item &1," typically occurs in the context of financial accounting and controlling, particularly when dealing with equity items in the Universal Journal or when performing financial consolidations.
  
  Cause:
  This error usually arises due to one of the following reasons:
  
  
  Incorrect Item Type: The item type associated with the specified item (&1) is not appropriate for the context of global negative equity. This could happen if the item is not classified correctly in the system.
  
  
  
  Configuration Issues: There may be configuration issues in the financial settings, particularly in the settings related to equity items or the consolidation process.
  
  
  Data Entry Errors: There might be errors in the data entry where the item type was incorrectly assigned or not aligned with the expected types for equity.
  
  
  Inconsistent Data: The data in the system may be inconsistent, leading to the system not recognizing the item