How To Fix UCFI005 - No exchange rate indicator for income statement items for period &1/&2

SAP Error Message - Details

• Message type: E = Error

• Message class: UCFI - Messages for Elim. of IU Profit/Loss

• Message number: 005

• Message text: No exchange rate indicator for income statement items for period &1/&2

What causes this issue?

The exchange rate indicator is missing for income statement items in
period &v1&/&v2&.

System Response

The system cannot calculate currency translation differences.

How to fix this error?

Maintain the task for elimination of IU profit/loss in inventory for
period &v1&/&v2& and define the exchange rate indicator.

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 UCFI005 - No exchange rate indicator for income statement items for period &1/&2 ?

  The SAP error message UCFI005 indicates that there is no exchange rate indicator defined for income statement items for the specified period. This typically occurs during the process of currency translation or when generating financial reports that involve multiple currencies.
  Cause:
  
  
  Missing Exchange Rate Indicator: The primary cause of this error is that the system cannot find a valid exchange rate indicator for the income statement items for the specified period. This can happen if:
  
  The exchange rate type is not defined in the system.
  The exchange rate type is defined but does not have any rates for the specified period.
  The configuration for the currency translation is incomplete or incorrect.
  
  
  
  Incorrect Configuration: The configuration settings for currency translation in the SAP system may not be set up correctly, leading to the inability to find the necessary exchange rates.
  
  
  Solution:
  To resolve the UCFI005 error, you can take the following steps:
  
  
  Check Exchange Rate Types:
  
  Go to the transaction code OB08 to check the exchange rate types defined in the system.
  Ensure that the exchange rate type you are using for the income statement items is correctly defined and has valid rates for the specified period.
  
  
  
  Maintain Exchange Rates:
  
  If the exchange rate type is missing rates for the specified period, you will need to enter the appropriate exchange rates for that period.
  Use transaction code OB08 to maintain the exchange rates.
  
  
  
  Review Currency Translation Configuration:
  
  Check the configuration settings for currency translation in the SAP system. This can be done in the following path:
  
  SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Exchange Rate Types.
  
  
  Ensure that the settings are correctly configured for the income statement items.
  
  
  
  Check for Period End Closing:
  
  If the error occurs during a period-end closing process, ensure that all necessary steps have been completed and that the period is open for posting.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may be required for your organization's setup.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  SPRO: Access the SAP Customizing Implementation Guide.
  
  
  
  Exchange Rate Types: Common exchange rate types include M (average rate), G (historical rate), and others depending on your organization's requirements.
  
  
  Currency Translation: Understanding how currency translation works in SAP can help in troubleshooting similar issues in the future.
  
  
  By following these steps, you should be able to resolve the UCFI005 error and ensure that the necessary exchange rates are available for your income statement items.