How To Fix UCMA006 - &1: The life of valuation allowances has not been entered

UCMA006 - Overview

• Message type: E = Error

• Message class: UCMA - Assets/Liabilities

• Message number: 006

• Message text: &1: The life of valuation allowances has not been entered

What causes this issue?

In the &V1& customizing settings, you have not entered the life of
valuation allowances (either in years or periods or both) even though
valuation allowances are to take place.

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?

Enter a value for the life of valuation allowances.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

UCMA006 - Details

• The SAP error message UCMA006 indicates that the life of valuation allowances has not been entered in the system. This error typically arises in the context of asset accounting, particularly when dealing with the valuation of assets and their corresponding allowances.
  
  Cause:
  The error occurs when the system requires a defined lifespan for valuation allowances, but this information has not been provided. Valuation allowances are used to account for potential losses in asset values, and without a specified life, the system cannot process the valuation correctly.
  
  Solution:
  To resolve the UCMA006 error, you need to enter the life of the valuation allowances in the relevant configuration settings. Here are the steps to do this:
  
  
  Access the Configuration Settings:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: SPRO -> IMG -> Financial Accounting -> Asset Accounting -> Valuation -> Valuation Allowances.
  
  
  
  Define Valuation Allowance Life:
  
  Look for the option to define the life of valuation allowances.
  Enter