How To Fix UCF6784 - Specify an item for "Net Income - Step Acquisition"

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 784

• Message text: Specify an item for "Net Income - Step Acquisition"

What causes this issue?

In Customizing for consolidation of investments, you have not specified
the posting item for <LS>Net Income - Step Acquisition</> under <LS>
Appropriation of Retained Earnings -> Net Income</>.

System Response

Instead, the system uses the <LS>Clearing: Consolidation of Investments
</> item to post the differential in a step acquisition or an increase
in indirect investment as an equity transaction.

How to fix this error?

Add the missing setting in Customizing for consolidation of investments.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCF6784 - Specify an item for "Net Income - Step Acquisition" ?

  The SAP error message UCF6784, which states "Specify an item for 'Net Income - Step Acquisition'," typically occurs in the context of financial reporting or consolidation processes, particularly when dealing with step acquisitions in financial statements. A step acquisition refers to the process of acquiring a controlling interest in a company over multiple transactions rather than in a single transaction.
  Cause:
  The error usually arises when the system expects a specific financial item or account to be defined for the "Net Income - Step Acquisition" but does not find it. This can happen due to several reasons:
  
  Missing Configuration: The financial statement or report configuration may not have the necessary items defined for step acquisitions.
  Incorrect Mapping: The mapping of accounts in the consolidation or reporting settings may be incorrect or incomplete.
  Data Entry Issues: There may be missing or incorrect entries in the relevant financial documents or reports that are being processed.
  
  Solution:
  To resolve the UCF6784 error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for financial reporting or consolidation in SAP.
  Ensure that the item for "Net Income - Step Acquisition" is properly defined and mapped to the correct accounts.
  
  
  
  Review Account Mapping:
  
  Verify that the accounts related to step acquisitions are correctly mapped in the financial statement version or consolidation settings.
  Ensure that all necessary accounts are included in the mapping.
  
  
  
  Data Validation:
  
  Review the financial documents or reports that are being processed to ensure that all required data is present and correctly entered.
  Look for any missing entries or discrepancies that could lead to this error.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring step acquisitions and related financial reporting items.
  
  
  
  Seek Support:
  
  If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more tailored assistance based on your specific system configuration and requirements.
  
  
  
  Related Information:
  
  Step Acquisition: Understanding the concept of step acquisitions is crucial, as it involves accounting for the incremental acquisition of shares in a subsidiary.
  Financial Reporting: Familiarity with financial reporting standards and how they apply to consolidations can help in troubleshooting related issues.
  SAP Modules: This error may be relevant in modules such as SAP Financial Accounting (FI) and SAP Consolidation (BCS), so knowledge of these modules can be beneficial.
  
  By following these steps, you should be able to identify and resolve the cause of the UCF6784 error in your SAP system.