How To Fix FARR_CONTRACT_DB051 - &1 performance obligation entries have been flagged as "cost recognition"

FARR_CONTRACT_DB051 - Overview

• Message type: E = Error

• Message class: FARR_CONTRACT_DB - Revenue Accounting - Contract DB Access

• Message number: 051

• Message text: &1 performance obligation entries have been flagged as "cost recognition"

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_DB051 - &1 performance obligation entries have been flagged as "cost recognition" ?

  The SAP error message FARR_CONTRACT_DB051 indicates that there are performance obligation entries in a contract that have been flagged for "cost recognition." This typically occurs in the context of SAP's Revenue Accounting and Reporting (RAR) module, which is used to manage revenue recognition in compliance with accounting standards such as IFRS 15 and ASC 606.
  
  Cause:
  The error message can arise due to several reasons:
  
  Incorrect Configuration: The configuration settings for revenue recognition or performance obligations may not be set up correctly.
  Data Inconsistencies: There may be inconsistencies in the data related to performance obligations, such as missing or incorrect entries.
  Cost Recognition Flag: The performance obligations may have been incorrectly flagged for cost recognition, which can lead to conflicts with revenue recognition processes.
  Incomplete Processing: The system may not have completed the necessary processing steps for the performance obligations, leading to this error.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Review the configuration