How To Fix UCF6747 - Equity: Other comprehensive income: Item &1 is not an income stmt. item

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 747

• Message text: Equity: Other comprehensive income: Item &1 is not an income stmt. item

What causes this issue?

The items for the offsetting entry of the other comprehensive income in
total divestiture have to be in the income statement. However, item &V1&
is not 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?

Only enter income statement items for the offsetting entry of the other
comprehensive income in total divestiture.

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 UCF6747 - Equity: Other comprehensive income: Item &1 is not an income stmt. item ?

  The SAP error message UCF6747, which states "Equity: Other comprehensive income: Item &1 is not an income stmt. item," typically occurs in the context of financial reporting, particularly when dealing with the equity section of financial statements. This error indicates that the system is expecting a specific item to be classified as an income statement item, but it is not recognized as such.
  Cause:
  
  Incorrect Configuration: The item in question (represented by &1) may not be properly configured in the system as an income statement item. This could be due to incorrect settings in the chart of accounts or financial statement version.
  Data Entry Error: There may be a mistake in how the item was entered or classified in the financial records.
  Missing Mapping: The item may not be mapped correctly to the income statement in the financial reporting structure.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for the chart of accounts and ensure that the item is correctly defined as an income statement item.
  Verify the financial statement version settings to ensure that the item is included in the correct section.
  
  
  
  Review Item Classification:
  
  Check the classification of the item in the General Ledger (G/L) account settings. Ensure that it is marked as an income statement item if it should be.
  
  
  
  Mapping Verification:
  
  Ensure that the item is properly mapped in the financial reporting structure. This may involve checking the settings in transaction codes like OB58 (for financial statement versions) or other relevant configuration transactions.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance on configuring income statement items and other comprehensive income.
  
  
  
  Testing:
  
  After making changes, run a test report to see if the error persists. If it does, further investigation may be needed.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB58 (Financial Statement Versions), FS00 (G/L Account Master Data), and OKEQ (Equity Configuration).
  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 additional insights and solutions from other users who may have encountered the same issue.
  
  If the problem persists after following these steps, it may be beneficial to consult with an SAP financial consultant or your internal SAP support team for further assistance.