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

UCF6744 - Overview

• 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