How To Fix UCF6744 - Item 'Transfers to minority interest' not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 744

• Message text: Item 'Transfers to minority interest' not defined

What causes this issue?

If you use the <LS>Partial Divestiture as Equity Transaction</>
function, you have to specify the posting item <LS>Transfers to Minority
Interest in Retained Earnings</>. This is essential so the system
suppresses financial statement imbalances in subsequent consolidation
and partial divestitures.

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 the item <LS>Transfer to Minority Interest in Retained Earnings
</> in Customizing of consolidation of investments for retained earnings
on the <LS>Net Income</> tab page.

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 UCF6744 - Item 'Transfers to minority interest' not defined ?

  The SAP error message UCF6744, which states "Item 'Transfers to minority interest' not defined," typically occurs in the context of financial reporting, particularly when dealing with consolidation processes in SAP. This error indicates that the system is unable to find a definition for the specified item in the context of the financial statements or consolidation reports.
  Cause:
  
  Missing Configuration: The item "Transfers to minority interest" may not be defined in the relevant configuration settings for financial reporting or consolidation.
  Incorrect Master Data: The master data for the financial statement items may not be set up correctly, leading to the system not recognizing the item.
  Missing or Incorrect Mapping: The mapping of accounts or items in the consolidation settings may be incomplete or incorrect, causing the system to fail to find the necessary definitions.
  
  Solution:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for financial reporting or consolidation in SAP.
  Ensure that the item "Transfers to minority interest" is defined in the relevant financial statement version or consolidation settings.
  
  
  
  Define the Item:
  
  If the item is not defined, you may need to create it. This can typically be done in the Financial Statement Version (FSV) or in the consolidation settings.
  Go to the appropriate transaction (e.g., OB58 for FSV) and add the item with the necessary attributes.
  
  
  
  Review Master Data:
  
  Check the master data for the relevant accounts to ensure that they are correctly set up and linked to the financial statement items.
  Ensure that the accounts related to minority interests are properly defined in the chart of accounts.
  
  
  
  Mapping Verification:
  
  Verify the mapping of accounts in the consolidation settings to ensure that all necessary items are correctly mapped to their respective financial statement items.
  Use transaction codes like OBY6 or similar to check the mapping.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on setting up financial statement items and consolidation processes.
  
  
  
  Testing:
  
  After making the necessary changes, run the consolidation or financial report again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB58 (Financial Statement Version), OBY6 (Mapping), and others related to financial reporting and consolidation.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to financial configurations in SAP.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP financial modules.