How To Fix FARR_RAI892 - Comp.code &1/acct.pr. &2: Source accounting principle &3 not yet assigned

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 892

• Message text: Comp.code &1/acct.pr. &2: Source accounting principle &3 not yet assigned

What causes this issue?

Company code &v1&/accounting principle &v2&: Source accounting principle
&v3& is not yet assigned to company code &v1&. If not marked as
external, the maintained source accounting principle must have already
been assigned to the corresponding company code.

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?

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_RAI892 - Comp.code &1/acct.pr. &2: Source accounting principle &3 not yet assigned ?

  The SAP error message FARR_RAI892 indicates that there is an issue with the assignment of accounting principles in the context of asset accounting. Specifically, the error message states that the source accounting principle has not been assigned for the specified company code and account assignment.
  Cause:
  The error typically arises due to one of the following reasons:
  
  Missing Assignment: The source accounting principle has not been assigned to the specified company code and account assignment in the configuration settings.
  Incorrect Configuration: There may be a misconfiguration in the asset accounting settings, particularly in the area of accounting principles.
  Data Entry Error: There could be a mistake in the data entry where the accounting principle is not correctly specified.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Define Accounting Principles.
  Ensure that the source accounting principle is correctly assigned to the relevant company code and account assignment.
  
  
  
  Assign Accounting Principles:
  
  If the assignment is missing, you will need to create or modify the assignment for the source accounting principle to the specified company code and account assignment.
  Make sure that the accounting principles are correctly defined and activated.
  
  
  
  Review Master Data:
  
  Check the asset master data to ensure that the correct accounting principle is assigned to the asset in question.
  You can do this by navigating to the asset master record and reviewing the accounting information.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to asset accounting and accounting principles for additional guidance.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to manage asset master records.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  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.