How To Fix FARR_FOUNDATION128 - Account determination for contract asset failed for company code &1

FARR_FOUNDATION128 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 128

• Message text: Account determination for contract asset failed for company code &1

What causes this issue?

The account determination for the <ZK>contract asset </>account failed
because the system found no configuration entry for company code &v1&,
accounting principle &v2&, POB (performance obligation) type &v3& and
reference account &v4&.

System Response

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

How to fix this error?

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

Procedure for System Administrators

You need to create a matching entry in your configuration.
Find this configuration step in the Manage Your Solution app under
<ZK>Configure Your Solution # Finance # Revenue and Cost Accounting #
Contract-Based Revenue Recognition -> Configure Account Determination
Rules</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_FOUNDATION128 - Account determination for contract asset failed for company code &1 ?

  The SAP error message FARR_FOUNDATION128 indicates that there is an issue with account determination for contract assets in the specified company code. This error typically arises in the context of the SAP Revenue Accounting and Reporting (RAR) module, where the system is unable to find the appropriate accounts for posting contract asset transactions.
  
  Cause:
  The error can be caused by several factors, including:
  
  
  Missing Account Determination Configuration: The account determination settings for contract assets may not be properly configured in the system. This includes the absence of necessary entries in the relevant configuration tables.
  
  
  Incorrect Company Code Settings: The company code specified in the error message may not have the required account determination settings defined.
  
  
  Missing or Incorrect Master Data: The master data for the contract or the related financial objects may be incomplete or incorrectly set up.
  
  
  Inconsistent Settings: There may be inconsistencies between the settings in the RAR module and the Financial Accounting (FI)