How To Fix UCF6621 - Items for minority interest in net income not specified

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 621

• Message text: Items for minority interest in net income not specified

What causes this issue?

You have not specified the item for minority interest in net income
under <ZK>Appropriation of Retained Earnings -> Net Income </>in
Customizing for consolidation of investments.
This needs to be an income statement item.

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?

Add the missing assignment in Customizing for consolidation of
investments.

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 UCF6621 - Items for minority interest in net income not specified ?

  The SAP error message UCF6621, which states "Items for minority interest in net income not specified," typically occurs in the context of financial reporting, particularly when dealing with consolidated financial statements. This error indicates that the system is expecting entries related to minority interests in the net income, but these entries have not been specified or are missing.
  Cause:
  
  Missing Configuration: The system may not have the necessary configuration to handle minority interests in the financial statements.
  Incomplete Data Entry: The relevant data for minority interests may not have been entered in the appropriate fields or may be incomplete.
  Incorrect Account Assignment: The accounts related to minority interests may not be correctly assigned in the financial statement version or in the consolidation settings.
  Missing Master Data: The master data for the entities involved may not be set up correctly, leading to the inability to calculate or report minority interests.
  
  Solution:
  
  
  Check Configuration:
  
  Ensure that the financial statement version is correctly configured to include minority interests.
  Verify that the consolidation settings in the SAP system are set up to handle minority interests.
  
  
  
  Data Entry:
  
  Review the entries for the entities involved in the consolidation. Ensure that all necessary data related to minority interests is entered correctly.
  Check if the relevant accounts for minority interests are populated in the financial statements.
  
  
  
  Account Assignment:
  
  Review the account assignments in the financial statement version to ensure that the accounts for minority interests are correctly defined.
  Make sure that the accounts used for minority interests are included in the consolidation process.
  
  
  
  Master Data Review:
  
  Check the master data for the entities involved in the consolidation. Ensure that all relevant entities are set up correctly and that their ownership structures are accurately reflected.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling minority interests in your version of SAP.
  
  
  
  Testing:
  
  After making the necessary adjustments, run the consolidation process again to see if the error persists.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Forums: Engage with SAP community forums or user groups for insights from other users who may have encountered similar issues.
  Training: Consider training or workshops on SAP Financial Consolidation to better understand how to manage minority interests and related configurations.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP expert or your organization's SAP support team for further assistance.