SAP Message UCS0057 - CG/CU &1 is not assigned in the currently valid hierarchy

Diagnosis
Consolidation group or unit &V1& is not being used in the currenthierarchy. Therefore, it is not possible to execute tasks for &V1& inthe current period. Therefore, it makes no sense to declare &V1& as apermanent parameter.

System Response
Error message

Procedure
If applicable, insert CG/CU &V1& into the respective hierarchy oforganizational units, or select another organizational unit.