How To Fix UCF6745 - Equity: Other Comprehensive Income: item &1 is not an equity item

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 745

• Message text: Equity: Other Comprehensive Income: item &1 is not an equity item

What causes this issue?

The items for other comprehensive income must form a subset of the
equity items. However, item &V1& is not an equity 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?

On the <LS>Statistical Equity</> tab page, enter item &V1& as an equity
item, and assign a statistical equity item to this item.
Make sure that item &V1& is assigned a minority interest item on the
<LS>Minority Interest</> 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 UCF6745 - Equity: Other Comprehensive Income: item &1 is not an equity item ?

  The SAP error message UCF6745 indicates that there is an issue with the classification of an item in the context of Other Comprehensive Income (OCI) within the equity section of the financial statements. Specifically, the error states that the item referenced (denoted as &1) is not recognized as an equity item, which is necessary for it to be included in the OCI.
  Cause:
  
  Incorrect Item Classification: The item in question may not be properly classified as an equity item in the system. This could be due to incorrect settings in the chart of accounts or the way the item is defined in the financial module.
  Missing Configuration: The configuration for Other Comprehensive Income may not be set up correctly in the system, leading to the inability to recognize certain items as equity.
  Data Entry Errors: There may be errors in the data entry process, where the item was incorrectly categorized or coded.
  Version or Update Issues: If there have been recent updates or changes to the SAP system, it may have affected how equity items are recognized.
  
  Solution:
  
  Check Item Classification: Review the item in question to ensure it is classified correctly as an equity item. This can be done by checking the master data settings in the SAP system.
  Review Configuration Settings: Ensure that the configuration for Other Comprehensive Income is correctly set up in the system. This may involve checking the settings in the Financial Accounting (FI) module and ensuring that the relevant accounts are marked as equity accounts.
  Correct Data Entry: If the issue is due to data entry errors, correct the entries in the system to ensure that the item is classified correctly.
  Consult Documentation: Refer to SAP documentation or help resources for guidance on how to properly configure equity items and Other Comprehensive Income.
  Engage with SAP Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance. They may provide insights specific to your system configuration.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuring equity items and OCI.
  Training and Documentation: Ensure that users involved in financial reporting and accounting are trained on the proper classification of items in SAP to prevent similar issues in the future.
  Testing Changes: After making any changes, conduct thorough testing to ensure that the error is resolved and that the financial statements reflect accurate information.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.