How To Fix FARR_CONTRACT_MAIN383 - Acct. principle-specific settings not defined for CoCd &1 AcctPr. &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 383

• Message text: Acct. principle-specific settings not defined for CoCd &1 AcctPr. &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN383 - Acct. principle-specific settings not defined for CoCd &1 AcctPr. &2 ?

  The SAP error message FARR_CONTRACT_MAIN383 indicates that there are missing account principle-specific settings for a particular company code (CoCd) and account principle (AcctPr). This error typically arises in the context of Asset Accounting (FI-AA) when trying to process contracts or transactions that require specific configurations.
  Cause:
  The error occurs when:
  
  The account principle (e.g., IFRS, US GAAP) is not properly configured for the specified company code in the system.
  The necessary settings for the account principle are missing or incomplete in the configuration.
  The system is trying to execute a transaction that requires these settings, but they have not been defined.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Account Principle Configuration:
  
  Go to the SAP Easy Access screen and navigate to the configuration for Asset Accounting.
  Use the transaction code SPRO to access the configuration menu.
  Follow the path: Financial Accounting (New) > Asset Accounting > Account Principles > Define Account Principles.
  Ensure that the account principle you are using is defined for the relevant company code.
  
  
  
  Define Settings for the Account Principle:
  
  Still in the configuration menu, check the settings for the specific account principle.
  Navigate to: Financial Accounting (New) > Asset Accounting > Account Principles > Define Account Principle-Specific Settings.
  Make sure that all necessary settings (like depreciation areas, posting rules, etc.) are correctly defined for the company code and account principle.
  
  
  
  Check Company Code Settings:
  
  Ensure that the company code is properly set up to use the account principle in question.
  You can check this under: Financial Accounting (New) > Asset Accounting > Account Principles > Assign Company Code to Account Principle.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by trying to execute the transaction again that previously resulted in the error.
  
  
  
  Consult Documentation:
  
  If you are unsure about the settings, refer to SAP documentation or consult with your SAP functional consultant for guidance on the specific requirements for your organization.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  SPRO: Access to the configuration menu.
  OAOA: To maintain account principles.
  OAYZ: To assign company codes to account principles.
  
  
  
  SAP Notes:
  
  Check SAP Notes for any known issues or additional guidance related to this error message.
  
  
  
  User Roles:
  
  Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  
  
  By following these steps, you should be able to resolve the error message FARR_CONTRACT_MAIN383 and ensure that the account principle-specific settings are correctly defined for your company code and account principle.