How To Fix UCF6757 - Enter a financial statement item for the net income during demerger

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 757

• Message text: Enter a financial statement item for the net income during demerger

What causes this issue?

In the Customizing settings for the appropriation of retained earnings
during consolidation of investments, no posting item is specified for
<ZK>Net Income for Demerger.</> The system requires this balance sheet
item so that when a consolidation unit demerges, you can transfer the
retained earnings in the subsequent consolidation to the new
consolidation unit without affecting earnings.

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?

In the settings for consolidation of investments in Customizing for the
appropriation of retained earnings, enter a balance sheet item for
<LS>Net Income for Demerger</> 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 UCF6757 - Enter a financial statement item for the net income during demerger ?

  The SAP error message UCF6757, which states "Enter a financial statement item for the net income during demerger," typically occurs during the process of a demerger in SAP, particularly when dealing with financial statements and the allocation of net income.
  Cause:
  This error arises when the system requires a financial statement item to be specified for the net income that is being allocated or reported during the demerger process. In a demerger, the financial data needs to be accurately reflected for the entities involved, and the system expects a clear mapping of net income to specific financial statement items.
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration: Ensure that the financial statement items are correctly configured in the system. This includes verifying that the financial statement version is set up properly and that the relevant accounts are included.
  
  
  Enter Financial Statement Item:
  
  Navigate to the transaction or screen where the demerger is being processed.
  Look for the section where net income is being defined or allocated.
  Enter the appropriate financial statement item (such as a specific account number) that corresponds to the net income for the demerger.
  
  
  
  Review Documentation: Consult the SAP documentation or your organization's financial policies to ensure that you are using the correct financial statement items for reporting net income during a demerger.
  
  
  Consult with Finance Team: If you are unsure about which financial statement item to use, consult with your finance or accounting team. They can provide guidance on the appropriate accounts to use based on the financial reporting requirements.
  
  
  Test the Changes: After making the necessary entries, test the demerger process again to ensure that the error is resolved and that the financial statements are generated correctly.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes or Knowledge Base Articles that may provide additional insights or updates related to this error message.
  Transaction Codes: Familiarize yourself with relevant transaction codes that may be used in the demerger process, such as FB50 for general ledger postings or F-02 for document entry.
  Training and Documentation: Ensure that users involved in the demerger process are trained on the financial reporting requirements and the use of SAP for such transactions.
  
  By following these steps, you should be able to resolve the UCF6757 error and successfully complete the demerger process in SAP.