How To Fix FARR_CONTRACT_MAIN477 - POB &1 must be applied with a change of estimates for acct. period &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 477

• Message text: POB &1 must be applied with a change of estimates for acct. period &2

What causes this issue?

In some scenarios, the change type can only be applied with a change of
estimates. For more information, please refer to changes that can only
be applied with a change of estimates within the "Determination of
Contract Change for Performance Obligations" BAdI documentation.

System Response

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

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN477 - POB &1 must be applied with a change of estimates for acct. period &2 ?

  The SAP error message FARR_CONTRACT_MAIN477 indicates that a Profitability Analysis (CO-PA) contract must be applied with a change of estimates for a specific accounting period. This error typically arises in the context of contract accounting, particularly when dealing with contracts that require adjustments or changes in estimates for revenue recognition.
  Cause:
  The error occurs when:
  
  There is an attempt to post a transaction related to a contract that has not been properly adjusted for the specified accounting period.
  The system expects a change of estimates to be applied to the contract for the given period, but it has not been done.
  The contract may have been modified or there may be inconsistencies in the data that require a change of estimates to be processed.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Contract Details: Review the contract associated with the error. Ensure that all necessary details are correctly entered and that the contract is in a valid state for posting.
  
  
  Change of Estimates: 
  
  Navigate to the relevant transaction for changing estimates (e.g., transaction code FARR for contract accounting).
  Apply the necessary changes of estimates for the specified accounting period. This may involve adjusting revenue or cost estimates based on the latest information.
  
  
  
  Review Accounting Period: Ensure that the accounting period you are trying to post to is open and that there are no restrictions preventing postings.
  
  
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for handling contract accounting and changes of estimates.
  
  
  Check for Customizations: If your organization has custom developments or enhancements in place, check if they might be affecting the contract processing.
  
  
  Contact Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FARR (Contract Accounting) and FAGLB03 (Display G/L Account Balances) for further analysis.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  Training and Documentation: Ensure that users involved in contract accounting are trained on the processes and understand how to handle changes of estimates effectively.
  
  By following these steps, you should be able to address the error message and ensure that your contract accounting processes run smoothly.