How To Fix FARR_CONTRACT_MAIN169 - Event type is not specified for performance obligation &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 169

• Message text: Event type is not specified for performance obligation &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN169 - Event type is not specified for performance obligation &1 ?

  The SAP error message FARR_CONTRACT_MAIN169 indicates that there is an issue with the performance obligation in a contract, specifically that the event type is not specified. This error typically arises in the context of SAP's Revenue Accounting and Reporting (RAR) module, which is used for managing revenue recognition in compliance with accounting standards.
  Cause:
  The error occurs when:
  
  A performance obligation is created without a corresponding event type.
  The system expects an event type to be defined for the performance obligation to recognize revenue correctly.
  There may be configuration issues in the RAR settings or missing data in the contract or performance obligation setup.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Performance Obligation Configuration:
  
  Navigate to the performance obligation in question and verify that an event type is assigned.
  Ensure that the event type is correctly configured in the system.
  
  
  
  Review Contract Settings:
  
  Check the contract associated with the performance obligation to ensure that all necessary details, including event types, are correctly specified.
  Make sure that the contract is set up to handle the performance obligations as intended.
  
  
  
  Maintain Event Types:
  
  If the event type is missing, you may need to create or maintain the event type in the system. This can usually be done in the configuration settings of the RAR module.
  Go to the configuration path for event types and ensure that the required event types are defined and active.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to the FARR_CONTRACT_MAIN169 error for any specific guidance or updates that may apply to your version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, test the performance obligation again to ensure that the error no longer occurs.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration or version.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with transaction codes related to RAR, such as FARR_CONTRACT, to navigate and manage contracts and performance obligations effectively.
  Training and Documentation: Ensure that users involved in contract management and revenue recognition are trained on the RAR module and understand how to set up performance obligations correctly.
  
  By following these steps, you should be able to identify and resolve the issue related to the FARR_CONTRACT_MAIN169 error message in SAP.