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

FARR_CONTRACT_MAIN383 - Overview

• 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