How To Fix FAA_CFG_CHECK024 - CoCode &1, ledger &2: No accounting principle is assigned

FAA_CFG_CHECK024 - Overview

• Message type: E = Error

• Message class: FAA_CFG_CHECK - Message Class for consistency check of CFG objects

• Message number: 024

• Message text: CoCode &1, ledger &2: No accounting principle is assigned

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CFG_CHECK024 - CoCode &1, ledger &2: No accounting principle is assigned ?

  The SAP error message FAA_CFG_CHECK024 indicates that there is no accounting principle assigned to a specific company code (CoCode) and ledger in the Asset Accounting (FI-AA) module. This error typically arises during the configuration or posting processes when the system cannot find a valid accounting principle for the specified combination.
  
  Cause:
  
  Missing Configuration: The accounting principle has not been assigned to the company code and ledger in the Asset Accounting configuration.
  Incorrect Settings: The settings for the company code or ledger may be incorrect or incomplete.
  Newly Created Company Code or Ledger: If a new company code or ledger has been created, the necessary configurations may not have been completed.
  
  
  Solution:
  To resolve the FAA_CFG_CHECK024 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Easy Access screen and navigate to the following path:SPRO -> Financial Accounting -> Asset Accounting -> Integration -> Define Accounting Principles
  
  Ensure that the accounting principle is defined and assigned to the relevant company