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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_FOUNDATION142 - Account determination for recognized cost failed for company code &1 ?

  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 Asset Accounting (Transaction code: SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Account Determination > Define Account Determination for Asset Transactions.
  Ensure that the account determination for the relevant asset class and transaction type is correctly set up.
  
  
  
  Verify Asset Class Settings:
  
  Check the asset class settings to ensure that the correct accounts are assigned for recognized costs.
  Ensure that the accounts for depreciation, acquisition, and other relevant transactions are properly defined.
  
  
  
  Review Company Code Settings:
  
  Ensure that the company code is correctly configured to handle asset transactions.
  Check if the necessary settings for the company code are in place, including the assignment of the correct chart of accounts.
  
  
  
  Check Asset Master Data:
  
  Review the asset master data for the asset in question.
  Ensure that all required fields are filled out correctly, including the asset class and any relevant financial information.
  
  
  
  Test the Configuration:
  
  After making any changes, perform a test transaction to see if the error persists.
  If the error is resolved, document the changes made for future reference.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  SPRO (to access configuration settings)
  AS01 (to create an asset)
  AS02 (to change an asset)
  AS03 (to display an asset)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message. You can search for notes in the SAP Support Portal.
  
  
  Documentation: Refer to SAP documentation for Asset Accounting for detailed information on account determination and configuration.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Asset Accounting.