How To Fix UCFI012 - Group currency is not specified in the permanent parameters

UCFI012 - Overview

• Message type: E = Error

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

• Message number: 012

• Message text: Group currency is not specified in the permanent parameters

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCFI012 - Group currency is not specified in the permanent parameters ?

  The SAP error message UCFI012 indicates that the group currency is not specified in the permanent parameters of the system. This error typically arises in the context of financial reporting and consolidation processes, particularly when dealing with group currencies in SAP systems.
  
  Cause:
  The error occurs when the system attempts to perform operations that require a group currency, but the necessary configuration has not been completed. This can happen if:
  
  The group currency has not been defined in the controlling area or company code settings.
  The relevant settings in the SAP system for financial reporting or consolidation are incomplete or incorrect.
  
  
  Solution:
  To resolve the UCFI012 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) and navigate to:
  Financial Accounting (FI) > Financial Accounting Global Settings > Ledgers > Define Group Currency.
  
  
  Ensure that a group currency is defined for the relevant company code or controlling area.
  
  
  
  Define Group Currency:
  
  If a group currency is