How To Fix UCF6671 - Specify the offsetting item for scope of reported data &1

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 671

• Message text: Specify the offsetting item for scope of reported data &1

What causes this issue?

In C/I Customizing, you have not specified the offsetting item for scope
of reported data &V1& under <ZK>Equity Method Posting</>..
The item is needed in the
<DS:GLOS.352A9804D3895CD5E10000009B38F974>equity method</> for the
offsetting entry of the investment adjustment when accounting for
subsequent consolidation effects. The item type determines the relevance
of the scope of reported data &V1& for the income statement: If the
offsetting item resides in the balance sheet, the scope of reported data
does not affect net income. However, scopes of reported data that do not
affect net income require an offsetting item in the income statement.

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 assignments in Customizing for consolidation of
investments.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.