How To Fix FAA_CFG_PARALLEL_VAL012 - Restricting to accounting principle &1 is not possible

FAA_CFG_PARALLEL_VAL012 - Overview

• Message type: E = Error

• Message class: FAA_CFG_PARALLEL_VAL - Messages for BF FIN_AA_PARALLEL_VAL

• Message number: 012

• Message text: Restricting to accounting principle &1 is not possible

What causes this issue?

You <ZH>cannot</> make a restriction to accounting principle &V1&. There
is <ZH>no</> depreciation area assigned to this accounting principle
that manages the required value.

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?

Choose a different accounting principle of the company code. The
accounting principle you choose has to be assigned to at least one
depreciation area that manages the required value.
Example:
You want to post revaluation. Then at least one depreciation area from
the chart of depreciation, to which the selected accounting principle is
assigned, must manage revaluation or the revaluation of ordinary
depreciation.

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 FAA_CFG_PARALLEL_VAL012 - Restricting to accounting principle &1 is not possible ?

  The SAP error message FAA_CFG_PARALLEL_VAL012 typically occurs in the context of Asset Accounting (FI-AA) when there is an issue with the configuration of parallel valuation methods for assets. This error indicates that the system is unable to restrict the accounting principle specified (denoted as &1) due to certain configuration settings or data inconsistencies.
  
  Cause:
  
  
  Configuration Issues: The error often arises when the configuration for parallel valuation is not set up correctly. This could be due to missing or incorrect settings in the asset accounting configuration.
  Inconsistent Data: There may be inconsistencies in the data related to the accounting principles or valuation methods assigned to the assets.
  Missing Accounting Principles: The accounting principle you are trying to restrict may not be defined or activated in the system.
  Asset Class Settings: The asset class may not be configured to support the specified accounting principle.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for Asset Accounting (Transaction code: SPRO).
  Navigate to Financial