How To Fix UCFR002 - Initial restatement value with non-initial restatement period

SAP Error Message - Details

• Message type: E = Error

• Message class: UCFR - Messages for Restatements

• Message number: 002

• Message text: Initial restatement value with non-initial restatement period

What causes this issue?

You have assigned a restatement period (&V2&) to the initial value of
the restatement characteristic (&V1&). This is invalid.

System Response

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

How to fix this error?

Do not assign a restatement period to restatement value &V1&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCFR002 - Initial restatement value with non-initial restatement period ?

  The SAP error message UCFR002, which states "Initial restatement value with non-initial restatement period," typically occurs in the context of financial reporting and consolidation processes within SAP. This error is related to the handling of restatement values in the context of currency translation or financial adjustments.
  Cause:
  The error arises when there is a mismatch between the initial restatement values and the periods being processed. Specifically, it indicates that the system is trying to apply an initial restatement value to a period that is not designated as an initial restatement period. This can happen due to:
  
  Incorrect Configuration: The settings for restatement periods may not be correctly defined in the system.
  Data Entry Errors: There may be incorrect or incomplete data entries in the financial records that lead to this inconsistency.
  Timing Issues: The restatement values may be set for a specific period, but the system is attempting to apply them to a different period that does not qualify as an initial restatement.
  
  Solution:
  To resolve the UCFR002 error, you can take the following steps:
  
  
  Check Configuration:
  
  Review the configuration settings for restatement periods in the SAP system. Ensure that the initial restatement periods are correctly defined and aligned with the financial reporting requirements.
  
  
  
  Verify Data Entries:
  
  Examine the financial data entries for the periods in question. Ensure that all necessary restatement values are correctly entered and that there are no discrepancies.
  
  
  
  Adjust Period Settings:
  
  If the error is due to a timing issue, you may need to adjust the settings for the periods involved. Make sure that the initial restatement values are only applied to the designated initial restatement periods.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling restatement values and periods. This can provide insights into best practices and configuration settings.
  
  
  
  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 business processes.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with transaction codes related to financial consolidation and reporting, such as UC01 for initial restatement processing.
  Training and Documentation: Ensure that users involved in financial reporting are trained on the correct procedures for handling restatement values and periods to minimize errors in the future.
  
  By following these steps, you should be able to identify the root cause of the UCFR002 error and implement the necessary corrections to resolve it.