How To Fix FINCS_MD_CONSUNIT117 - Fiscal year variant &1 does not exist.

SAP Error Message - Details

• Message type: E = Error

• Message class: FINCS_MD_CONSUNIT - Consolidation Unit Master Data

• Message number: 117

• Message text: Fiscal year variant &1 does not exist.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINCS_MD_CONSUNIT117 - Fiscal year variant &1 does not exist. ?

  The SAP error message FINCS_MD_CONSUNIT117 indicates that the fiscal year variant specified in your configuration does not exist in the system. This error typically arises when trying to perform financial operations or reporting that require a valid fiscal year variant.
  Cause:
  
  Incorrect Fiscal Year Variant: The fiscal year variant specified in the configuration or transaction does not match any existing fiscal year variant in the system.
  Missing Configuration: The fiscal year variant may not have been created or activated in the system.
  Typographical Error: There may be a typo in the fiscal year variant code being used.
  Client-Specific Configuration: The fiscal year variant may exist in another client but not in the current client you are working in.
  
  Solution:
  
  
  Check Fiscal Year Variant:
  
  Go to the transaction code OB29 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Maintain Fiscal Year Variants).
  Verify if the fiscal year variant you are trying to use exists. If it does not, you may need to create it.
  
  
  
  Create or Modify Fiscal Year Variant:
  
  If the fiscal year variant does not exist, you can create a new one by clicking on the "New Entries" button in the OB29 transaction.
  If it exists but is not configured correctly, you can modify it as needed.
  
  
  
  Check Configuration in the Transaction:
  
  Ensure that the correct fiscal year variant is being referenced in the transaction or configuration where the error occurred.
  
  
  
  Client-Specific Check:
  
  If you are working in a specific client, ensure that the fiscal year variant is configured for that client. You can check this by switching to the appropriate client and verifying the settings.
  
  
  
  Consult Documentation:
  
  If you are unsure about the fiscal year variant settings, consult your SAP documentation or reach out to your SAP administrator for assistance.
  
  
  
  Related Information:
  
  Fiscal Year Variants: These are used in SAP to define how the fiscal year is structured, including the number of periods and special periods.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB29 (Maintain Fiscal Year Variants) and OB37 (Assign Fiscal Year Variant to Company Code).
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to fiscal year variants and this specific error message.
  
  By following these steps, you should be able to resolve the error and ensure that the fiscal year variant is correctly configured in your SAP system.