How To Fix FARR_PROCESS_CHECK071 - Performance obligation &1 for cost of acquisition must be time-based

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_PROCESS_CHECK - Messages for Input Checks in Process Layer

• Message number: 071

• Message text: Performance obligation &1 for cost of acquisition must be time-based

What causes this issue?

The performance obligation for cost of acquisition has an unsupported
fulfillment type.

System Response

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

How to fix this error?

Adjust the settings for the derivation of the attributes of the cost of
acquisition performance obligation: The fulfillment type must be
<ZK>time-based</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_PROCESS_CHECK071 - Performance obligation &1 for cost of acquisition must be time-based ?

  The SAP error message FARR_PROCESS_CHECK071 indicates that there is an issue with the performance obligation related to the cost of acquisition in the context of revenue recognition. This error typically arises when the system expects a time-based allocation for the performance obligation, but the data provided does not meet this requirement.
  
  Cause:
  
  Incorrect Configuration: The performance obligation may not be configured correctly in the system, leading to a mismatch in expected time-based recognition.
  Missing Time-Based Data: The relevant data for the performance obligation may be missing or incorrectly set up, such as the start and end dates for the performance obligation.
  Inconsistent Data: There may be inconsistencies in the data related to the cost of acquisition and the performance obligation, such as the absence of a time-based allocation method.
  Business Rules: The business rules defined in the system may require that certain performance obligations must be recognized over time, and if this is not adhered