How To Fix FCOM_PLANNING_CORE016 - Currency type &1 is invalid

SAP Error Message - Details

• Message type: E = Error

• Message class: FCOM_PLANNING_CORE - Messages for Package FCOM_PLANNING_CORE

• Message number: 016

• Message text: Currency type &1 is invalid

What causes this issue?

You have specified an invalid currency type.

System Response

You have entered invalid data or referenced invalid data that the system
cannot process. Depending on where this occurred, the system prevents
you from entering the data, prevents you from navigating further, or
prevents further processing.

How to fix this error?

Enter a valid currency type instead of &V1&.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FCOM_PLANNING_CORE016 - Currency type &1 is invalid ?

  The SAP error message FCOM_PLANNING_CORE016 indicates that there is an issue with the currency type specified in a financial planning or controlling context. The error message states that the currency type you are trying to use is invalid. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  Invalid Currency Type: The currency type specified in your planning or transaction does not exist in the system or is not configured correctly.
  
  Configuration Issues: The currency type may not be assigned to the relevant company code or controlling area.
  Data Entry Error: There may be a typographical error in the currency type entered in the transaction.
  Missing Customization: The currency type may not have been set up in the system for the specific application or module you are using.
  
  
  Solution:
  
  
  Check Currency Type: Verify the currency type you are using. Ensure that it is a valid currency type in the system. You can check this in