How To Fix UCF6877 - Goodwill cannot be carried in local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 877

• Message text: Goodwill cannot be carried in local currency

What causes this issue?

The <DS:GLOS.3526B7A1AFAB52B9E10000009B38F974>goodwill</> resulting for
investor &V1& cannot be carried in the local currency of the
<DS:GLOS.3526B7CEAFAB52B9E10000009B38F974>investee unit</> because the
exchange rate as per the date of acquisition cannot be determined for
this investor.

System Response

The goodwill will be carried in group currency.

How to fix this error?

A possible cause might be missing reported investment data from investor
&V1& with regards to the present activity.

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 UCF6877 - Goodwill cannot be carried in local currency ?

  The SAP error message UCF6877, which states "Goodwill cannot be carried in local currency," typically arises in the context of financial accounting and consolidation processes within SAP. This error indicates that there is an issue with how goodwill is being handled in terms of currency settings in the system.
  Cause:
  
  
  Currency Settings: The error often occurs when the system is trying to process goodwill in a local currency that is not allowed or not properly configured. This can happen if the local currency for the company code is not set up correctly or if the goodwill is being calculated in a currency that does not match the local currency settings.
  
  
  Goodwill Configuration: Goodwill may not be configured to be carried in the local currency in the system settings. This can happen if the settings for the asset accounting or the consolidation process do not allow for goodwill to be recorded in the local currency.
  
  
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in how goodwill is recorded, leading to this error.
  
  
  Solution:
  
  
  Check Company Code Settings: Verify the currency settings for the company code in which the error is occurring. Ensure that the local currency is correctly defined and that it aligns with the currency in which goodwill is being recorded.
  
  
  Review Goodwill Configuration: Check the configuration settings for goodwill in the asset accounting module. Ensure that goodwill is set up to be carried in the local currency. This may involve reviewing the settings in the Asset Accounting (FI-AA) configuration.
  
  
  Adjust Currency Settings: If necessary, adjust the currency settings in the relevant configuration areas. This may include settings in the Financial Accounting (FI) module or the Consolidation module if applicable.
  
  
  Data Consistency Check: If the issue arose after a data migration, perform a consistency check on the data to ensure that all records related to goodwill are correctly formatted and that there are no discrepancies.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling goodwill and currency settings. This can provide insights into best practices and configuration steps.
  
  
  Contact SAP Support: If the issue persists after checking the above settings, consider reaching out to SAP support for further assistance. They can provide more detailed troubleshooting based on your specific system configuration.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on goodwill and currency handling.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBA7 (for currency settings) and OAYZ (for asset accounting settings) to help navigate the configuration.
  Training and Documentation: Consider training sessions or documentation on SAP Financial Accounting and Asset Accounting to better understand how goodwill and currency settings interact.
  
  By following these steps, you should be able to identify the root cause of the UCF6877 error and implement a solution to resolve it.