How To Fix FIN_OBJECTS003 - Valuation level for material &1/&2 missing

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 003

• Message text: Valuation level for material &1/&2 missing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIN_OBJECTS003 - Valuation level for material &1/&2 missing ?

  The SAP error message FIN_OBJECTS003 with the description "Valuation level for material &1/&2 missing" typically occurs in the context of financial accounting and material management. This error indicates that the system is unable to find a valuation level for the specified material, which is necessary for processing financial transactions related to that material.
  Cause:
  
  Missing Valuation Level: The valuation level for the material has not been defined in the system. The valuation level determines whether the valuation is done at the company code level or at the plant level.
  Configuration Issues: There may be configuration issues in the material master data or in the financial settings that prevent the system from determining the valuation level.
  Material Master Data: The material master record may not be properly set up, or it may be missing necessary data related to valuation.
  
  Solution:
  
  
  Check Material Master Data:
  
  Go to the material master record (transaction code MM03).
  Check the accounting view and ensure that the valuation class and valuation type are correctly assigned.
  Ensure that the material is properly defined for the relevant plant and company code.
  
  
  
  Define Valuation Level:
  
  If the valuation level is missing, you may need to define it in the configuration settings.
  Go to the configuration settings in SAP (transaction code SPRO).
  Navigate to Logistics - General > Material Master > Settings for Key Fields > Define Valuation Level.
  Ensure that the valuation level is set according to your business requirements (either at the plant level or company code level).
  
  
  
  Check Configuration:
  
  Ensure that the valuation area is correctly assigned to the company code and that the necessary settings for valuation are in place.
  Review the settings under Financial Accounting > General Ledger Accounting > Master Data > G/L Accounts > Prepare G/L Account Master Data to ensure that the accounts are correctly configured.
  
  
  
  Recreate or Update Material:
  
  If the material is newly created, ensure that all necessary views (including accounting and costing views) are maintained.
  If the material was recently changed, check if any changes might have affected the valuation settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance related to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  MM03 - Display Material
  MM02 - Change Material
  SPRO - Customizing Implementation Guide
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that the user has the necessary authorizations to view and edit material master data.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.