How To Fix FARR_RAI050 - Currency code &1 not known for item with ID &2

FARR_RAI050 - Overview

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 050

• Message text: Currency code &1 not known for item with ID &2

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_RAI050 - Currency code &1 not known for item with ID &2 ?

  The SAP error message FARR_RAI050 indicates that there is an issue with a currency code that is not recognized in the system for a specific item. This error typically occurs in the context of Asset Accounting (FI-AA) or related financial transactions where currency codes are essential for processing financial data.
  
  Cause:
  
  Invalid Currency Code: The currency code specified in the transaction or configuration does not exist in the system.
  Missing Currency Configuration: The currency may not be defined in the relevant configuration settings, such as in the currency types or in the master data of the asset.
  Data Entry Error: There may be a typographical error in the currency code entered for the asset or transaction.
  Currency Not Active: The currency might not be active in the company code or controlling area settings.
  
  
  Solution:
  
  Check Currency Code: Verify the currency code specified in the transaction or asset master data. Ensure it is correctly entered and matches the