How To Fix FARR_FOUNDATION142 - Account determination for recognized cost failed for company code &1

FARR_FOUNDATION142 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 142

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

What causes this issue?

The account determination for the <ZK>recognized cost </>account failed.
This is 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?

Procedure for System Administrators

You need to create a matching entry in your configuration.
Maintain a matching entry in the BRF+ decision table for recognized
costs in the Account Determination application.

Error message extract from SAP system. Copyright SAP SE.

FARR_FOUNDATION142 - Details

• The SAP error message FARR_FOUNDATION142 indicates that there is an issue with account determination for recognized costs in the context of Asset Accounting (FI-AA) for a specific company code. This error typically arises when the system cannot find the appropriate accounts to post recognized costs related to asset transactions.
  
  Cause:
  The error can be caused by several factors, including:
  
  Missing Configuration: The account determination settings for the asset class or transaction type may not be properly configured in the system.
  Incorrect Account Assignment: The accounts assigned to the asset class or transaction type may not exist or may be incorrectly defined.
  Company Code Settings: The company code settings may not be correctly set up to handle the specific asset transactions.
  Missing Master Data: The asset master data may be incomplete or missing necessary information that is required for account determination.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Account Determination Configuration:
  
  Go to the configuration settings for