How To Fix UCFU032 - Inconsistencies possible if "Asset in Local Currency" is deselected

SAP Error Message - Details

• Message type: E = Error

• Message class: UCFU - Messages for Assets/Liabilities

• Message number: 032

• Message text: Inconsistencies possible if "Asset in Local Currency" is deselected

What causes this issue?

The <LS>Asset in Local Currency</> indicator in the master data for &V1&
&V2&, which was originally selected, has now been deselected. Data may
become inconsistent if
<DS:GLOS.352AA3EBD3895CD5E10000009B38F974>additional financial data</>
already exists in periods prior to &V1& &V2& and journal entries were
posted in prior periods.

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?

If applicable, select the <ZK><ZH>Asset in Local Currency</></>
indicator again.

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 UCFU032 - Inconsistencies possible if "Asset in Local Currency" is deselected ?

  The SAP error message UCFU032 indicates that there are potential inconsistencies in the asset accounting data when the "Asset in Local Currency" option is deselected. This error typically arises in the context of asset accounting and can have implications for financial reporting and data integrity.
  Cause:
  The error occurs when the system detects that the configuration for asset accounting is not aligned with the settings for local currency. Specifically, if the "Asset in Local Currency" option is deselected, it may lead to inconsistencies in how asset values are recorded and reported, especially if there are existing assets that were created with local currency settings.
  Solution:
  To resolve the UCFU032 error, consider the following steps:
  
  
  Review Configuration Settings:
  
  Go to the configuration settings for Asset Accounting (Transaction Code: OAYZ).
  Check the settings for "Asset in Local Currency" and ensure that they are consistent with your organization's accounting practices.
  
  
  
  Evaluate Existing Assets:
  
  Review existing assets to determine if they were created with the "Asset in Local Currency" option selected. If they were, you may need to adjust these assets or reconfigure the settings.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed guidance on asset accounting settings and implications of changing the "Asset in Local Currency" option.
  
  
  
  Test Changes in a Development Environment:
  
  Before making changes in the production environment, test the configuration changes in a development or sandbox environment to ensure that they do not lead to further issues.
  
  
  
  Seek Expert Assistance:
  
  If you are unsure about the implications of changing this setting or if the issue persists, consider consulting with an SAP expert or your organization's SAP support team.
  
  
  
  Related Information:
  
  Impact on Financial Reporting: Deselecting the "Asset in Local Currency" option can affect how asset values are reported in financial statements, potentially leading to discrepancies in financial reporting.
  Currency Translation: If your organization operates in multiple currencies, ensure that currency translation settings are correctly configured to avoid inconsistencies.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on asset accounting configurations.
  
  By following these steps and considering the related information, you should be able to address the UCFU032 error effectively.