How To Fix ACR_COESTMNT002 - Assign valid currency role value in Setting Up Your Compliance Reporting.

SAP Error Message - Details

• Message type: E = Error

• Message class: ACR_COESTMNT -

• Message number: 002

• Message text: Assign valid currency role value in Setting Up Your Compliance Reporting.

What causes this issue?

The currency role value is invalid.

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?

You should assign a valid currency role value in the <LS>Setting Up Your
Compliance Reporting</> configuration step.
To do so, check and make changes to configuration settings in the
<LS>Configure Your Solution</> app, which is part of the <LS>Manage Your
Solution</> app. Find this configuration step in <LS>Finance</> ->
<LS>Statutory Reporting</> -> <LS>Basic Settings</>.

You should assign a valid currency role value in the <LS>Setting Up Your
Compliance Reporting</> Customizing activity.
To do so, make the required settings in Customizing for <LS>Financial
Accounting</> -> <LS>Advanced Compliance Reporting</> -> <LS>Setting Up
Your Compliance Reporting</>.

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 ACR_COESTMNT002 - Assign valid currency role value in Setting Up Your Compliance Reporting. ?

  The SAP error message ACR_COESTMNT002, which states "Assign valid currency role value in Setting Up Your Compliance Reporting," typically occurs in the context of compliance reporting within SAP systems, particularly when dealing with currency settings in the system.
  Cause:
  This error usually arises due to one of the following reasons:
  
  Missing or Incorrect Currency Role Assignment: The currency role for the relevant company code or reporting entity has not been properly assigned or is missing.
  Configuration Issues: There may be issues in the configuration settings related to compliance reporting, particularly in the area of currency settings.
  Data Inconsistencies: There might be inconsistencies in the data related to currency roles, such as using an unsupported currency or a currency that is not configured correctly in the system.
  
  Solution:
  To resolve the ACR_COESTMNT002 error, you can follow these steps:
  
  
  Check Currency Role Assignment:
  
  Navigate to the compliance reporting configuration settings in your SAP system.
  Ensure that the currency role is correctly assigned to the relevant company code or reporting entity.
  If the currency role is missing, assign a valid currency role that corresponds to your reporting requirements.
  
  
  
  Review Configuration Settings:
  
  Go to the configuration settings for compliance reporting and verify that all necessary parameters are set correctly.
  Ensure that the currency settings are aligned with the requirements of your compliance reporting.
  
  
  
  Validate Data:
  
  Check the data entries related to currency roles to ensure there are no inconsistencies or errors.
  Make sure that the currencies being used are valid and configured in the system.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on setting up currency roles in compliance reporting.
  Look for any notes or updates from SAP that may address this specific error.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test run of the compliance reporting to ensure that the error has been resolved.
  
  
  
  Seek Support:
  
  If the issue persists, consider reaching out to your SAP support team or consulting with SAP experts who can provide further assistance.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error.
  SAP Community: Engage with the SAP Community forums where other users may have encountered similar issues and can share their solutions.
  Documentation: Review the official SAP documentation for compliance reporting and currency settings to ensure you are following best practices.
  
  By following these steps, you should be able to resolve the ACR_COESTMNT002 error and ensure that your compliance reporting is set up correctly.