How To Fix UCF9053 - Balance carryforward: target restatement &1 is not valid for current year

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF9 - Messages for Balance Carryforward

• Message number: 053

• Message text: Balance carryforward: target restatement &1 is not valid for current year

What causes this issue?

In the Customizing settings for the assignment of restatements for the
balance carryforward, you have defined restatement characteristic value
&V1& as the target restatement. However, this restatement is not valid
for the current year for one of the following reasons:
The valid-from year for restatement &V1& must be less than the current
year.
The valid-to year for restatement &V1& must be greater than or equal to
the current year.

System Response

The Customizing settings for the assignment of restatements for the
balance carryforward are inconsistent and cannot be saved.

How to fix this error?

Adjust the assignment such that you only use restatement characteristic
values that are valid for the current year.

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.