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

SAP Error Message - Details

• 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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FILAE015 - No accounting principle assigned for component &1 company code &2 ?

  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 defined and assigned to the relevant company code.
  
  
  
  Assign Accounting Principle:
  
  If the accounting principle is not assigned, you can do so by selecting the appropriate company code and assigning the necessary accounting principle.
  
  
  
  Verify Company Code Settings:
  
  Ensure that the company code is correctly set up and that all necessary configurations are in place for the component you are working with (e.g., Asset Accounting).
  
  
  
  Check for Data Migration Issues:
  
  If this error occurred after a data migration, review the migration process to ensure that all necessary configurations were included.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations related to your version of SAP.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OADW (for Asset Accounting) or OX15 (for company code settings) to access the relevant configuration areas.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the FILAE015 error and ensure that the accounting principles are correctly assigned for the specified company code and component.