How To Fix FARR_CONTRACT_MAIN782 - &1 performance obligation entries have been flagged as "cost recognition"

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 782

• Message text: &1 performance obligation entries have been flagged as "cost recognition"

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN782 - &1 performance obligation entries have been flagged as "cost recognition" ?

  The SAP error message FARR_CONTRACT_MAIN782 indicates that there are performance obligation entries in a contract that have been flagged for "cost recognition." This typically occurs 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 message is triggered when:
  
  Performance Obligations: There are performance obligations in the contract that have been marked for cost recognition, but the system is unable to process them correctly due to configuration issues or missing data.
  Configuration Issues: The settings in the RAR module may not be properly configured to handle cost recognition for the specified performance obligations.
  Data Inconsistencies: There may be inconsistencies or missing information in the contract or performance obligation entries that prevent the system from processing them.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Review the configuration settings for the RAR module, specifically related to cost recognition and performance obligations. Ensure that the settings align with your organization's accounting policies and practices.
  
  
  
  Review Performance Obligations:
  
  Examine the performance obligations flagged for cost recognition. Ensure that all necessary data is present and correctly configured. This includes checking the status of the performance obligations and ensuring they are correctly linked to the contract.
  
  
  
  Data Validation:
  
  Validate the data associated with the performance obligations. Look for any missing or incorrect entries that could be causing the issue. This may involve checking the contract details, cost elements, and any related accounting entries.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to the FARR_CONTRACT_MAIN782 error for specific guidance on troubleshooting and resolving the issue.
  
  
  
  SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for assistance. They can provide more detailed insights based on your specific system configuration and usage.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide updates and patches that could resolve the issue.
  Training and Documentation: Ensure that your team is trained on the RAR module and understands how to manage performance obligations and cost recognition effectively.
  Testing: After making any changes, conduct thorough testing to ensure that the issue is resolved and that the system behaves as expected.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.