How To Fix FCOM_MONITOR017 - Cost element &1 in controlling area &2 does not exist

FCOM_MONITOR017 - Overview

• Message type: E = Error

• Message class: FCOM_MONITOR - Messages for Variance Monitor

• Message number: 017

• Message text: Cost element &1 in controlling area &2 does not exist

What causes this issue?

The cost element was not found in the specified controlling area.
Choose multiple selection again for the cost element and use F4 to
select an existing cost element.

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.

FCOM_MONITOR017 - Details

• The SAP error message FCOM_MONITOR017 indicates that a specific cost element does not exist in the specified controlling area. This error typically arises in the context of financial accounting and controlling when trying to perform operations related to cost elements, such as posting costs or analyzing cost reports.
  
  Cause:
  
  Non-Existent Cost Element: The cost element specified in the error message is not defined in the controlling area mentioned.
  Incorrect Configuration: The cost element may not have been created or activated in the controlling area.
  Data Entry Error: There may be a typo or incorrect entry in the cost element or controlling area.
  Transport Issues: If the cost element was recently created in a different environment (like development) and not transported correctly to the production environment, it may not exist in the target environment.
  
  
  Solution:
  
  
  Check Cost Element Configuration:
  
  Go to the SAP transaction code KA03 (Display Cost Element) and enter the cost element and controlling area to verify