How To Fix FCOM_PLANNING_CORE023 - Invalid currency key; enter controlling area currency &2 instead of &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FCOM_PLANNING_CORE - Messages for Package FCOM_PLANNING_CORE

• Message number: 023

• Message text: Invalid currency key; enter controlling area currency &2 instead of &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FCOM_PLANNING_CORE023 - Invalid currency key; enter controlling area currency &2 instead of &1 ?

  The SAP error message FCOM_PLANNING_CORE023 indicates that there is an issue with the currency key being used in a planning transaction. Specifically, it suggests that the currency key entered is invalid and that the user should enter the controlling area currency instead.
  Cause:
  
  Invalid Currency Key: The currency key entered in the transaction does not match any valid currency keys defined in the system.
  Controlling Area Configuration: The controlling area may have a specific currency defined, and the transaction is trying to use a different currency that is not allowed.
  Data Entry Error: There may have been a typographical error when entering the currency key.
  Currency Conversion Issues: If the system is trying to convert currencies, there may be issues with the conversion rates or the currencies involved.
  
  Solution:
  
  Check Controlling Area Currency: Verify the currency defined for the controlling area in the configuration settings. You can do this by navigating to the controlling area settings in SAP.
  Use Correct Currency Key: When prompted for a currency key, ensure that you are entering the controlling area currency (as indicated by &2 in the error message) instead of the invalid currency key (&1).
  Review Configuration: If you are unsure about the currency settings, consult with your SAP administrator or financial team to confirm the correct currency settings for your controlling area.
  Data Entry Verification: Double-check the currency key you are entering for any typographical errors.
  Consult Documentation: If the issue persists, refer to SAP documentation or support for further troubleshooting steps.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OKKP (Controlling Area) to check the configuration of the controlling area.
  Currency Settings: Review the currency settings in the financial accounting module to ensure that they align with the controlling area settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional context or solutions.
  User Roles and Permissions: Ensure that the user has the necessary permissions to perform transactions in the specified currency.
  
  If the problem continues after following these steps, it may be beneficial to reach out to SAP support for more in-depth assistance.