How To Fix CK504 - Multiple valuation method (&1) is not active

CK504 - Overview

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 504

• Message text: Multiple valuation method (&1) is not active

What causes this issue?

&v1&: You want to mark standard cost estimates, but multiple valuation
is not active for controlling area &v2&.

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?

The transaction <DS:TRAN.8KEM>Currency and valuation profile</> enables
you to define the multiple valuation methods.
With <DS:TRAN.OKKP>Assign profile</>, the currency and valuation
profile can be assigned to controlling area &v2&.
With the <DS:TRAN.8KEP>Activate multiple valuation</> transaction, the
&v1& can be activated for controlling area &v2&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CK504 - Multiple valuation method (&1) is not active ?

  The SAP error message CK504 indicates that a specific multiple valuation method is not active in the system. This error typically arises in the context of Material Ledger and valuation methods used for inventory valuation in SAP.
  
  Cause:
  The error occurs when:
  
  The multiple valuation method specified (indicated by &1 in the error message) is not activated in the system.
  The configuration for the Material Ledger is incomplete or incorrect.
  The valuation method is not assigned to the relevant company code or controlling area.
  
  
  Solution:
  To resolve the CK504 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Easy Access screen and navigate to the following path:SPRO -> SAP Reference IMG -> Controlling -> Product Cost Controlling -> Material Ledger -> Activate Material Ledger
  
  Ensure that the multiple valuation method you are trying to use is activated.
  
  
  
  Activate the Valuation Method:
  
  If the valuation method is not active, you can activate it by selecting the appropriate option in the configuration settings.
  
  
  
  Assign