How To Fix UCFR007 - Restatement &1: Reference statement &2 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: UCFR - Messages for Restatements

• Message number: 007

• Message text: Restatement &1: Reference statement &2 does not exist

What causes this issue?

<DS:DE.UC_RESTAT>Restatement</> &V1& references the
<DS:DE.UC_RESTAT_REF>reference restatement</> &V2&. This value does <ZH>
not</> exist.

System Response

You cannot save your changes.

How to fix this error?

Assign an existing reference restatement or use a different
<DS:DE.UC_RESTAT_REFTYPE>reference type</>.

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 UCFR007 - Restatement &1: Reference statement &2 does not exist ?

  The SAP error message UCFR007 indicates that there is an issue with a restatement process in the context of financial reporting. Specifically, the message states that a reference statement (identified by &2) does not exist for the restatement (identified by &1) you are trying to process. This can occur in various scenarios, such as when attempting to generate financial statements or reports that rely on prior periods or reference data.
  Cause:
  
  
  Missing Reference Statement: The reference statement that you are trying to use for the restatement does not exist in the system. This could be due to:
  
  The reference statement was never created.
  The reference statement was deleted or archived.
  There is a typo or incorrect reference in the configuration or input.
  
  
  
  Incorrect Configuration: The configuration settings for the financial reporting or restatement process may not be set up correctly, leading to the system being unable to locate the required reference statement.
  
  
  Data Migration Issues: If data was migrated from another system or if there were changes in the database, it is possible that the reference statements were not migrated correctly.
  
  
  Solution:
  
  
  Verify Reference Statement: Check if the reference statement (identified by &2) exists in the system. You can do this by navigating to the relevant transaction or report where the reference statement should be listed.
  
  
  Create or Restore Reference Statement: If the reference statement does not exist, you may need to create it or restore it from a backup if it was deleted.
  
  
  Check Configuration: Review the configuration settings related to financial reporting and restatement processes. Ensure that all necessary settings are correctly defined and that the reference statement is properly linked.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific instructions on how to handle restatements and reference statements in your version of SAP.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with SAP support for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help you navigate to the areas where reference statements are managed (e.g., transaction codes for financial reporting).
  SAP Notes: Check SAP Notes for any known issues or patches related to the UCFR007 error message.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the UCFR007 error and implement a solution to resolve it.