How To Fix FILAE015 - No accounting principle assigned for component &1 company code &2

FILAE015 - Overview

• Message type: E = Error

• Message class: FILAE - Messages for Lease Accounting Engine

• Message number: 015

• Message text: No accounting principle assigned for component &1 company code &2

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.

Unfortunately, there isn't any extra information in this error notice.

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FILAE015 - Details

• The SAP error message FILAE015 indicates that there is no accounting principle assigned for a specific component and company code in the system. This error typically arises in the context of Financial Accounting (FI) or Asset Accounting (AA) when trying to perform operations that require a defined accounting principle.
  
  Cause:
  
  Missing Configuration: The most common cause of this error is that the accounting principle has not been assigned to the specified company code for the relevant component (e.g., Asset Accounting).
  Incorrect Company Code: The company code specified in the transaction may not have the necessary configuration set up.
  Data Migration Issues: If data has been migrated from another system, the necessary configurations may not have been carried over correctly.
  
  
  Solution:
  To resolve the FILAE015 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings > Ledgers > Define Accounting Principles.
  Ensure that the accounting principle is