How To Fix FAGL_COFI050 - Assignment of parallel valuations for company code &1 is missing

FAGL_COFI050 - Overview

• Message type: E = Error

• Message class: FAGL_COFI - Messages for Real-Time Integration CO->FI

• Message number: 050

• Message text: Assignment of parallel valuations for company code &1 is missing

What causes this issue?

To allow parallel valuation views to be copied to FI, an assignment must
be defined between the company code, the accounting principle, and the
valuation.

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?

Create an assignment for company code &V1& in the Customizing activity
<DS:TRAN.FCML0>Transfer ML Data to CO</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FAGL_COFI050 - Details

• The SAP error message FAGL_COFI050 indicates that there is a missing assignment of parallel valuations for a specific company code in the Financial Accounting (FI) module. This error typically arises when you are trying to perform a transaction that requires the configuration of parallel accounting (such as IFRS and local GAAP) but the necessary settings have not been completed.
  
  Cause:
  The error occurs due to the following reasons:
  
  Missing Configuration: The company code has not been assigned the necessary parallel valuation methods in the configuration settings.
  Incorrect Settings: The settings for parallel accounting may be incorrectly configured or incomplete.
  Transaction Type: The transaction you are trying to execute requires a specific valuation method that has not been defined for the company code.
  
  
  Solution:
  To resolve the FAGL_COFI050 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Easy Access screen and navigate to the following path:SPRO -> Financial Accounting -> General Ledger Accounting -> Business Transactions -> Parallel Valuation