How To Fix FARR_FOUNDATION054 - Company code &1 should have at least one currency excluded from process.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 054

• Message text: Company code &1 should have at least one currency excluded from process.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_FOUNDATION054 - Company code &1 should have at least one currency excluded from process. ?

  The SAP error message FARR_FOUNDATION054 indicates that a specific company code (denoted by &1) does not have at least one currency excluded from the process in the context of Asset Accounting (FI-AA) or Financial Accounting. This error typically arises when the system expects at least one currency to be excluded from certain processes, such as depreciation calculation or asset transactions.
  Cause:
  
  Configuration Issue: The company code may not have been properly configured to exclude any currencies from the relevant processes.
  Missing Settings: The necessary settings for currency exclusion in the Asset Accounting configuration may not have been maintained.
  Incorrect Master Data: The asset master data may not have the required currency settings.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the configuration settings for the company code in the SAP system.
  Navigate to Financial Accounting (FI) > Asset Accounting (FI-AA) > Integration > Define Company Code Settings for Asset Accounting.
  Ensure that at least one currency is marked for exclusion from the relevant processes.
  
  
  
  Maintain Currency Exclusion:
  
  In the same configuration area, look for the option to maintain currency settings.
  Ensure that you have defined at least one currency that should be excluded from the process for the specified company code.
  
  
  
  Review Asset Master Data:
  
  Check the asset master records associated with the company code.
  Ensure that the currency settings are correctly defined and that they align with the company code configuration.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to the SAP documentation or help files related to Asset Accounting and currency settings.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the configuration and master data, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OAYZ (for company code settings) or AS01 (to create asset master records) to access the relevant configuration and data.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration and master data.
  
  By following these steps, you should be able to resolve the FARR_FOUNDATION054 error and ensure that your company code is properly configured for asset accounting processes.