SAP Message UCF7607 - Cannot execute method &1: Elimination of IU profit/loss is not activated

Diagnosis
You want to execute the method &V1&. This method applies to &V2&.However, according to the Customizing settings forconsolidation area &V3&,elimination of IU profit/loss in inventory is not activated.

System Response
Method &V1& cannot be executed.

Procedure
Check the settings for consolidation area &V3&.