How To Fix FARR_FOUNDATION121 - Account determination for recognized revenue failed for company code &1

FARR_FOUNDATION121 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 121

• Message text: Account determination for recognized revenue failed for company code &1

What causes this issue?

The account determination for the <ZK>recognized revenue </>account
failed because the system found no configuration entry for company code
&v1&, accounting principle &v2&, POB type &v3& and reference account
&v4&.

System Response

The revenue accounting item was not processed for accounting principle
&v2&.

How to fix this error?

Maintain a matching entry in the
<DS:TRAN.FARR_ACCT_DETER_CUST>BRF+ Account Determination Rules</> on
the tab <ZK>Recognized Revenue</>.

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_FOUNDATION121 - Account determination for recognized revenue failed for company code &1 ?

  The SAP error message FARR_FOUNDATION121 indicates that there is an issue with the account determination for recognized revenue in the context of the SAP Revenue Accounting and Reporting (RAR) module. This error typically occurs when the system is unable to find the appropriate accounts for recognized revenue based on the configuration settings.
  
  Cause:
  The error can be caused by several factors, including:
  
  
  Missing Account Determination Configuration: The account determination settings for recognized revenue may not be properly configured in the system for the specified company code.
  
  
  Incorrect or Incomplete Master Data: The master data related to the revenue recognition process (such as revenue types, contract accounts, etc.) may be incomplete or incorrectly set up.
  
  
  Missing or Incorrectly Assigned G/L Accounts: The General Ledger (G/L) accounts required for revenue recognition may not be assigned or may be incorrectly assigned in the configuration.
  
  
  Company Code-Specific Settings: The settings for the specific company code may not be properly defined,