How To Fix UCFR008 - Restatement &1 - check the validity; see long text

SAP Error Message - Details

• Message type: E = Error

• Message class: UCFR - Messages for Restatements

• Message number: 008

• Message text: Restatement &1 - check the validity; see long text

What causes this issue?

You have not yet entered a <DS:DE.UC_FISCYEARPER_VALID_TO>valid-to
period</> for restatement &V1&. This restatement was probably created
when the <LS>Financials, Group Closing</> business function was active
but before the <LS>Financials, Group Close, Restatement Monitor</>
business function was activated. The <LS>Valid-To Period</> attribute is
not available until the <LS>Financials, Group Close, Restatement Monitor
</> business function has been activated.

System Response

The system has set the valid-to period to the value of the
<DS:DE.UC_FISCYEARPER_RESTAT>restatement period</>. This setting usually
meets expectations and is compatible with the <LS>Financials, Group
Closing</> business function.
This adjustment has <ZH>not</> yet been saved.

How to fix this error?

Enter a different valid-to period if required. However, note that this
time-independent setting can have a significant impact on system
behavior for the restatement, for example, on how the difference values
are calculated, and on reporting and status management.
Save the change.

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 UCFR008 - Restatement &1 - check the validity; see long text ?

  The SAP error message UCFR008 typically relates to issues encountered during the restatement of financial data in the context of SAP's Financial Consolidation module. This error indicates that there is a problem with the validity of the restatement process for a specific entity or data set.
  Cause:
  The error UCFR008 can be caused by several factors, including but not limited to:
  
  Invalid Data: The data being restated may not meet the required criteria or may contain inconsistencies.
  Configuration Issues: There may be configuration settings in the financial consolidation module that are not set up correctly.
  Missing Master Data: Required master data for the entity or account may be missing or incorrect.
  Period Issues: The period for which the restatement is being attempted may not be open or valid for restatement.
  Data Locking: The data may be locked for editing or restatement due to other processes or user restrictions.
  
  Solution:
  To resolve the UCFR008 error, you can take the following steps:
  
  Check Data Validity: Review the data being restated to ensure it is complete and accurate. Look for any discrepancies or missing entries.
  Review Configuration: Ensure that the configuration settings for the financial consolidation process are correctly set up. This includes checking the settings for the specific entity involved.
  Verify Master Data: Ensure that all necessary master data (e.g., accounts, entities) is present and correctly configured in the system.
  Check Period Status: Confirm that the financial period you are trying to restate is open and valid for the restatement process.
  Data Locking: Investigate if there are any locks on the data that might prevent the restatement. This could involve checking for other users or processes that might be accessing the same data.
  Consult Long Text: The error message often comes with a long text that provides additional context or specific details about the issue. Review this long text for more insights.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to the UCFR008 error. SAP frequently updates its knowledge base with solutions for common errors.
  Documentation: Refer to the official SAP documentation for Financial Consolidation for detailed guidance on the restatement process and troubleshooting steps.
  Support: If the issue persists after following the above steps, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  By following these steps, you should be able to identify and resolve the underlying cause of the UCFR008 error in your SAP system.