How To Fix CKMLWIP050 - WIP revaluation is not allowed for periods &1/&2 in plant &3

SAP Error Message - Details

• Message type: E = Error

• Message class: CKMLWIP - WIP Price Determination

• Message number: 050

• Message text: WIP revaluation is not allowed for periods &1/&2 in plant &3

What causes this issue?

You want to complete WIP revaluation in plant &v3& for periods &v1& /
&v2&.
You can only complete WIP revaluation in the previous or current
period.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

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 CKMLWIP050 - WIP revaluation is not allowed for periods &1/&2 in plant &3 ?

  The SAP error message CKMLWIP050 indicates that Work in Progress (WIP) revaluation is not allowed for specific periods in a given plant. This error typically arises during the execution of the WIP calculation or during the execution of the WIP revaluation process in the Controlling (CO) module.
  Cause:
  The error can occur due to several reasons:
  
  Period Status: The accounting period for the specified plant is closed or not open for posting. In SAP, if a period is closed, no further postings can be made, including WIP revaluation.
  WIP Calculation Settings: The settings for WIP calculation may not allow revaluation for the specified periods.
  Configuration Issues: There may be configuration settings in the controlling area or plant that restrict WIP revaluation for certain periods.
  
  Solution:
  To resolve the CKMLWIP050 error, you can take the following steps:
  
  
  Check Period Status:
  
  Go to the transaction code OB52 to check the status of the posting periods. Ensure that the periods &1 (month) and &2 (year) are open for the specified plant &3.
  If the periods are closed, you may need to open them for posting, depending on your organization's policies.
  
  
  
  Review WIP Calculation Settings:
  
  Check the settings for WIP calculation in the configuration. You can do this by navigating to SPRO > Controlling > Product Cost Controlling > Product Cost Planning > Work in Process > Define WIP Calculation.
  Ensure that the settings allow for WIP revaluation in the periods you are trying to process.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about opening periods or changing settings, consult with your finance or controlling team to ensure compliance with accounting policies.
  
  
  
  Check for Custom Logic:
  
  If there are any custom developments or user exits that might affect WIP revaluation, review those to ensure they are not causing the issue.
  
  
  
  Run WIP Calculation Again:
  
  After making the necessary adjustments, try running the WIP calculation or revaluation process again.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  CKMLCP: WIP Calculation
  CKMLAWIP: WIP Revaluation
  
  
  Documentation: Refer to SAP Help documentation for detailed information on WIP calculation and revaluation processes.
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to WIP revaluation.
  
  By following these steps, you should be able to identify the cause of the CKMLWIP050 error and implement the necessary solutions to resolve it.