How To Fix CMAC_FEE_CALC702 - Currency key does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: CMAC_FEE_CALC - Messages for Student Accounting

• Message number: 702

• Message text: Currency key does not exist

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CMAC_FEE_CALC702 - Currency key does not exist ?

  The SAP error message CMAC_FEE_CALC702 indicates that a currency key does not exist in the system. This error typically arises when the system is trying to process a transaction or calculation that involves a currency that has not been defined or is not recognized in the SAP system.
  Causes:
  
  Missing Currency Configuration: The currency key that is being referenced in the transaction is not defined in the system.
  Incorrect Currency Code: There may be a typo or incorrect currency code being used in the transaction.
  Currency Not Activated: The currency might not be activated in the relevant company code or controlling area.
  Data Migration Issues: If data has been migrated from another system, the currency keys may not have been properly imported.
  
  Solutions:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) to check if the currency is defined.
  Ensure that the currency key exists and is correctly configured.
  
  
  
  Verify Currency Code:
  
  Double-check the currency code being used in the transaction for any typos or errors.
  Ensure that the currency code matches the standard ISO currency codes.
  
  
  
  Activate Currency:
  
  If the currency is not activated for the relevant company code, you may need to activate it. This can typically be done in the configuration settings for the company code.
  
  
  
  Review Data Migration:
  
  If this issue arose after a data migration, verify that all necessary currency keys were included in the migration process.
  Check the migration logs for any errors related to currency data.
  
  
  
  Consult SAP Documentation:
  
  Refer to SAP Help documentation or notes related to currency configuration and error handling for further guidance.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  OB22: Define Currencies
  
  
  SAP Notes: Search for relevant SAP Notes in the SAP Support Portal that may address this specific error or provide additional troubleshooting steps.
  Configuration Guides: Review configuration guides for financial accounting and controlling to ensure that all necessary settings are in place.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.