How To Fix FCC0314 - Specify the fiscal year variant

SAP Error Message - Details

• Message type: E = Error

• Message class: FCC0 - Messages in Financial Closing Cockpit

• Message number: 314

• Message text: Specify the fiscal year variant

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FCC0314 - Specify the fiscal year variant ?

  The SAP error message FCC0314, which states "Specify the fiscal year variant," typically occurs when a user attempts to execute a transaction or report that requires a fiscal year variant to be defined, but it has not been specified in the relevant configuration or user settings.
  Cause:
  
  Missing Fiscal Year Variant: The fiscal year variant has not been defined for the company code or the user profile.
  Incorrect Configuration: The configuration settings for the company code may not be properly set up to include a fiscal year variant.
  Transaction Context: The transaction being executed may require a fiscal year variant that is not currently assigned or recognized in the system.
  
  Solution:
  
  
  Define Fiscal Year Variant:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Financial Accounting (New) > Financial Accounting Global Settings (New) > Fiscal Year Change > Define Fiscal Year Variant.
  Create or modify a fiscal year variant as needed.
  
  
  
  Assign Fiscal Year Variant to Company Code:
  
  In the same SPRO path, navigate to Assign Fiscal Year Variant to Company Code.
  Ensure that the fiscal year variant is assigned to the relevant company code.
  
  
  
  Check User Profile Settings:
  
  If applicable, check the user profile settings to ensure that the fiscal year variant is specified for the user executing the transaction.
  
  
  
  Transaction-Specific Settings:
  
  If the error occurs in a specific transaction, check if there are any additional settings or parameters that need to be configured for that transaction.
  
  
  
  Consult Documentation: If the issue persists, refer to SAP documentation or consult with your SAP administrator for further assistance.
  
  
  Related Information:
  
  Fiscal Year Variant: This is a configuration in SAP that defines how the fiscal year is structured (e.g., number of periods, special periods).
  Company Code: This is the smallest organizational unit for which a complete self-contained set of accounts can be drawn up.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OAVC (for fiscal year variant) and OX15 (for assigning fiscal year variants to company codes).
  
  By following these steps, you should be able to resolve the FCC0314 error and ensure that the fiscal year variant is properly specified in your SAP system.