How To Fix FARR_RAI340 - No accounting principle in company code &1 is in status migration

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 340

• Message text: No accounting principle in company code &1 is in status migration

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_RAI340 - No accounting principle in company code &1 is in status migration ?

  The SAP error message FARR_RAI340 indicates that there is no accounting principle in the specified company code that is in the status of "migration." This typically occurs in the context of the Asset Accounting (FI-AA) module when you are trying to perform a migration or transition to a new accounting principle, such as moving from a local accounting standard to IFRS or another standard.
  Cause:
  
  Missing Accounting Principle: The company code specified does not have an accounting principle set up that is marked for migration.
  Incorrect Configuration: The configuration for the accounting principles may not have been completed correctly, or the status of the accounting principle is not set to "migration."
  Data Inconsistency: There may be inconsistencies in the configuration data that prevent the system from recognizing the accounting principle.
  
  Solution:
  
  
  Check Accounting Principles:
  
  Go to the configuration settings in SAP (Transaction Code: OAOA) and check the accounting principles defined for the company code in question.
  Ensure that there is an accounting principle that is marked for migration.
  
  
  
  Set Migration Status:
  
  If an accounting principle exists but is not in the migration status, you may need to change its status. This can typically be done in the configuration settings for the accounting principles.
  
  
  
  Create a New Accounting Principle:
  
  If no accounting principle exists for migration, you may need to create a new one. Ensure that it is properly configured and set to the migration status.
  
  
  
  Review Migration Settings:
  
  Check the overall migration settings and ensure that all necessary configurations are in place for the migration process.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or guides related to Asset Accounting and migration processes for detailed steps and best practices.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configurations, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OAOA (Define Accounting Principles) and OAYZ (Define Migration Settings).
  SAP Notes: Look for SAP Notes related to FARR_RAI340 for any specific patches or updates that may address this issue.
  Migration Process: Understand the overall migration process in SAP, especially if you are transitioning to a new accounting standard, as this will provide context for the necessary configurations.
  
  By following these steps, you should be able to resolve the error message and successfully configure the accounting principles for your company code.