How To Fix FARR_CONTRACT_MAIN883 - Recognized Cost acct. cannot derive for per. ob. &1

FARR_CONTRACT_MAIN883 - Overview

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 883

• Message text: Recognized Cost acct. cannot derive for per. ob. &1

What causes this issue?

None of the account determination rules that you have defined return the
<ZK>Recognized COGS</> account as expected.

System Response

The system prevents the performance obligation and its contract from
being created or updated. The contract is listed in the Contracts with
Errors worklist for review.

How to fix this error?

Make sure that at least one of the determination rules can return a G/L
account as the <ZK>Recognized COGS</> account. This account is
determined by the rules in the <LS>Recognized COGS</> section.
<ZH>Note:</> This typically occurs when the attributes of the
performance obligation and the reference account do not match any of the
determination rules that you have defined for this account.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN883 - Recognized Cost acct. cannot derive for per. ob. &1 ?

  The SAP error message FARR_CONTRACT_MAIN883 indicates that the system is unable to derive the recognized cost account for a particular period object. This typically occurs in the context of contract accounting or asset accounting, where the system needs to determine the appropriate account for recognized costs based on the configuration and data provided.
  
  Cause:
  
  Missing Configuration: The recognized cost account may not be properly configured in the system. This could be due to missing entries in the relevant configuration tables or settings.
  Period Object Issues: The period object (&1) referenced in the error may not be correctly set up or may not have the necessary data associated with it.
  Account Determination: The account determination process may not be able to find a valid account based on the criteria defined in the system.
  Master Data Issues: There may be issues with the master data related to the contract or asset that is causing the account determination