How To Fix UCM0047 - The data basis may not contain the local currency key

UCM0047 - Overview

• Message type: E = Error

• Message class: UCM0 - Messages for Data Basis, Cons Area, ...

• Message number: 047

• Message text: The data basis may not contain the local currency key

What causes this issue?

According to the role assignments, data basis &V1& contains the local
currency key figure &V2&. From a technical standpoint, the
characteristic &V3& is assigned to this key figure as the currency key.
However, treatment of the local currency key in the Consolidation
system is fully automatic. Therefore, the local currency key cannot be
explicitly assigned to the data basis.

System Response

Definition of data basis has an error and cannot be saved.

How to fix this error?

Remove the characteristic &V3& from the data basis if you want to track
the local currency in key figure &V2&.

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 UCM0047 - The data basis may not contain the local currency key ?

  The SAP error message UCM0047 indicates that the data basis (usually a financial or controlling document) does not contain the local currency key. This error typically arises in the context of financial transactions or reporting where the system expects a local currency to be defined but cannot find it.
  
  Cause:
  
  Missing Local Currency Key: The local currency key is not defined in the relevant master data or configuration settings.
  Incorrect Configuration: The configuration for the company code or controlling area may not have been set up correctly to include a local currency.
  Data Migration Issues: If data has been migrated from another system, the local currency key may not have been transferred correctly.
  Transaction Type: The transaction being processed may not be compatible with the local currency settings.
  
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 (for company code settings) and ensure that the local currency is defined correctly for the company code in question.
  Verify