How To Fix FARR_MSG_CUSTOM001 - Name of leading performance obligation &1 is missing

FARR_MSG_CUSTOM001 - Overview

• Message type: E = Error

• Message class: FARR_MSG_CUSTOM - Customizable Messages for Revenue Accounting

• Message number: 001

• Message text: Name of leading performance obligation &1 is missing

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_MSG_CUSTOM001 - Name of leading performance obligation &1 is missing ?

  The SAP error message FARR_MSG_CUSTOM001 indicates that there is a missing name for the leading performance obligation in the context of revenue recognition. This error typically arises in the SAP S/4HANA system when dealing with contract management and revenue accounting, particularly in the context of the new revenue recognition standards (IFRS 15/ASC 606).
  
  Cause:
  The error is caused by the absence of a name or description for the leading performance obligation in the relevant contract or sales order. Performance obligations are essential components of revenue recognition, and each obligation must be clearly defined to ensure compliance with accounting standards.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Identify the Contract or Sales Order: Determine which contract or sales order is generating the error. You can usually find this information in the error message details or logs.
  
  
  Access the Contract Management or Sales Order: Navigate to the relevant contract or sales order in the SAP