How To Fix FICORE011 - Company code & is not assigned to an FM area

SAP Error Message - Details

• Message type: E = Error

• Message class: FICORE - FI Message Class for General Messages

• Message number: 011

• Message text: Company code & is not assigned to an FM area

What causes this issue?

You tried to activate Cash Budget Management or Funds Management in
<DS:GLOS.company_code>company code</> &V1&. The master data for both of
these elements is defined with reference to an <DS:GLOS.FM_area>FM area
</>.
When you make a posting, the system must determine an FM area so that
the data can be transferred to Cash Budget Management or Funds
Management. The FM area is derived from the company code. For this
reason, you must assign company code &V1& to an FM area.

System Response

Activation is not possible.

How to fix this error?

You make the assignment in the Enterprise Structure IMG. Choose
<LS:Assignment -> Financial accounting -> Assign company code to
financial management area</>. Be sure to create an FM area first.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FICORE011 - Company code & is not assigned to an FM area ?

  The SAP error message FICORE011 indicates that a specific company code is not assigned to a Funds Management (FM) area. This error typically arises when you are trying to perform a transaction that requires a company code to be linked to an FM area, but the necessary configuration has not been completed.
  Cause:
  
  Missing Assignment: The company code has not been assigned to any Funds Management area in the system.
  Incorrect Configuration: There may be an oversight in the configuration settings related to Funds Management.
  Data Migration Issues: If data has been migrated from another system, the assignment may not have been carried over correctly.
  
  Solution:
  To resolve the error, you need to assign the company code to the appropriate FM area. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > IMG (Implementation Guide).
  
  
  
  Find the Funds Management Settings:
  
  Follow the path: Public Sector Management > Funds Management > Master Data > Assign Company Code to FM Area.
  
  
  
  Assign the Company Code:
  
  In the assignment screen, you will see a list of FM areas and company codes.
  Select the appropriate FM area and assign the company code that is causing the error.
  
  
  
  Save the Changes: After making the assignment, save your changes.
  
  
  Test the Transaction: Go back to the transaction that was causing the error and test it again to ensure that the issue has been resolved.
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBY6 (for company code settings) and FMX1 (for FM area settings) to check configurations.
  Authorization: Ensure that you have the necessary authorizations to make changes in the configuration.
  Documentation: Refer to SAP documentation or help files for more detailed instructions on Funds Management configuration.
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP expert.
  
  By following these steps, you should be able to resolve the FICORE011 error and ensure that your company code is properly linked to the relevant FM area.