How To Fix FARR_CONTRACT_MAIN127 - Event type cannot be specified on performance obligation &1

FARR_CONTRACT_MAIN127 - Overview

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 127

• Message text: Event type cannot be specified on performance obligation &1

What causes this issue?

Performance obligation &V1& is defined as time-based. In this case, the
event type is needed only if the duration starts from the date of a
specified event (start date type is type 3).

System Response

The system prevents the change from being made to the performance
obligation.

How to fix this error?

You can choose one of the following options:
If the performance obligation is to be fulfilled over a period of time
that starts from a fixed date, you do not need an event type.
If the performance obligation is to be fulfilled over a period of time
that starts from the date of an event, specify the start date type as
"type 3", where the start date is always the event date.
If the performance obligation is not to be fulfilled over a period of
time, specify a fulfillment type other than "time-based".

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN127 - Event type cannot be specified on performance obligation &1 ?

  The SAP error message FARR_CONTRACT_MAIN127 indicates that there is an issue with the event type specified for a performance obligation in a contract. This error typically arises 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 occurs when:
  
  An event type is being specified for a performance obligation that does not allow for that event type.
  The event type is not defined correctly in the system or is not compatible with the performance obligation.
  There may be a configuration issue in the RAR settings that restricts the use of certain event types for specific performance obligations.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Event Type Configuration:
  
  Go to the configuration settings in SAP RAR and verify the event types that are allowed for the specific performance obligation.
  Ensure that the event