How To Fix FIN_OBJECTS001 - Price for object &1 could not be determined

SAP Error Message - Details

• Message type: E = Error

• Message class: FIN_OBJECTS - Messages for Views for FIN Objects

• Message number: 001

• Message text: Price for object &1 could not be determined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIN_OBJECTS001 - Price for object &1 could not be determined ?

  The SAP error message FIN_OBJECTS001 ("Price for object &1 could not be determined") typically occurs in the context of financial transactions, particularly when dealing with asset accounting or cost accounting. This error indicates that the system is unable to determine the price for a specific financial object (like an asset or cost center) during a transaction.
  Causes:
  
  Missing Master Data: The master data for the financial object (e.g., asset master record, cost center) may not be properly maintained or may be missing.
  Incorrect Configuration: The configuration settings for pricing or valuation may not be set up correctly in the system.
  Price Determination Settings: The system may not have the necessary settings to determine the price for the object, such as valuation classes or price control indicators.
  Transaction Type Issues: The transaction type being used may not be compatible with the object for which the price is being determined.
  Currency Issues: There may be issues related to currency conversion or missing exchange rates.
  
  Solutions:
  
  Check Master Data: Verify that the master data for the financial object is complete and correctly maintained. For example, check the asset master record for the asset in question.
  Review Configuration: Ensure that the configuration settings for asset accounting or cost accounting are correctly set up. This includes checking valuation classes and price control settings.
  Price Determination Settings: Review the price determination settings in the system. Ensure that the necessary conditions for price determination are met.
  Transaction Type Validation: Check if the transaction type being used is appropriate for the financial object. If not, consider using a different transaction type.
  Currency Settings: Ensure that the currency settings are correct and that the necessary exchange rates are maintained in the system.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like AS01 (Create Asset), AS02 (Change Asset), or KSB1 (Cost Centers: Actual Line Items) to check the relevant data.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Debugging: If the issue persists, consider debugging the transaction to identify where the price determination is failing.
  Consult Documentation: Refer to SAP documentation for detailed information on asset accounting and cost accounting processes.
  
  If the problem continues after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules.