How To Fix CK551 - Valuation segment for material &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 551

• Message text: Valuation segment for material &1 does not exist

What causes this issue?

You are attempting to release the standard cost estimate of material
&v1& in valuation area &v2& for a certain posting period. However, the
system determined that the valuation segment is missing in the master
record of material &v1& in valuation area &v2& for valuation type &v3&.

System Response

The cost estimate is not released.

How to fix this error?

Create the valuation segment in the master record of material &v1& in
valuation area &v2& for valuation type &v3&.
Create a standard cost estimate for material &v1& for the period in
which you want to release.
Mark this standard cost estimate for this period.
Release this standard cost estimate.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CK551 - Valuation segment for material &1 does not exist ?

  The SAP error message CK551, which states "Valuation segment for material &1 does not exist," typically occurs in the context of material valuation in the SAP system. This error indicates that the system is unable to find a valuation segment for the specified material, which is necessary for various processes such as costing, inventory valuation, and financial reporting.
  Causes:
  
  Missing Valuation Segment: The most common cause is that the valuation segment for the specified material has not been created or is missing in the system.
  Incorrect Material Master Data: The material master data may not be set up correctly, leading to the absence of the required valuation segment.
  Valuation Area Issues: The valuation area (plant or company code) may not be properly configured or may not correspond to the valuation segment.
  Data Migration Issues: If data was migrated from another system, there may have been issues during the migration process that resulted in missing valuation segments.
  Configuration Issues: Incorrect configuration in the controlling (CO) or material management (MM) modules can lead to this error.
  
  Solutions:
  
  
  Check Material Master Data:
  
  Go to the material master record (transaction code MM03) and verify that the valuation data is correctly maintained for the material in the relevant views (e.g., Accounting, Costing).
  Ensure that the valuation class and valuation area are correctly assigned.
  
  
  
  Create Valuation Segment:
  
  If the valuation segment is indeed missing, you may need to create it. This can typically be done through transaction code CK11N (Create Cost Estimate with Quantity Structure) or CK40N (Change Cost Estimate).
  Ensure that the valuation segment is created for the correct valuation area and material.
  
  
  
  Check Configuration:
  
  Review the configuration settings in the controlling (CO) and material management (MM) modules to ensure that they are set up correctly.
  Check the settings for valuation areas and valuation classes in the configuration (transaction code SPRO).
  
  
  
  Data Migration Review:
  
  If the error occurred after a data migration, review the migration process to ensure that all necessary data, including valuation segments, was transferred correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling valuation segments and related configurations.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: MM03 (Display Material), CK11N (Create Cost Estimate), CK40N (Change Cost Estimate), SPRO (Customizing).
  Modules Involved: Material Management (MM), Controlling (CO).
  Valuation Class: This is a key component in determining how materials are valued in the system and is linked to the general ledger accounts.
  
  By following these steps, you should be able to identify the cause of the CK551 error and implement the necessary solutions to resolve it.