How To Fix FINCS_MD_FSITEM024 - Specify a financial statement item.

SAP Error Message - Details

• Message type: E = Error

• Message class: FINCS_MD_FSITEM - Consolidation Financial Statement Item Master Data

• Message number: 024

• Message text: Specify a financial statement item.

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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINCS_MD_FSITEM024 - Specify a financial statement item. ?

  The SAP error message FINCS_MD_FSITEM024 indicates that a financial statement item must be specified in the context of financial statement reporting. This error typically arises when a user attempts to execute a financial report or transaction that requires a specific financial statement item, but none has been provided.
  Cause:
  
  Missing Financial Statement Item: The most common cause is that the financial statement item has not been specified in the report or transaction.
  Incorrect Configuration: There may be an issue with the configuration of the financial statement items in the system.
  Data Entry Error: Users may have overlooked entering the required financial statement item during data entry.
  Authorization Issues: Sometimes, users may not have the necessary authorizations to access certain financial statement items.
  
  Solution:
  
  Specify Financial Statement Item: Ensure that you enter a valid financial statement item when prompted. This can usually be done in the selection screen of the report or transaction.
  Check Configuration: Review the configuration settings for financial statement items in the SAP system. Ensure that the items are correctly defined and available for use.
  Data Entry Review: Double-check the data entry to ensure that all required fields, including the financial statement item, are filled out correctly.
  User Authorization: Verify that the user has the necessary authorizations to access and use the financial statement items. If not, contact your SAP security administrator to request the appropriate access.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the financial statement items relevant to your organization.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that deal with financial statements, such as F.01 (Financial Statements) or S_ALR_87012301 (Balance Sheet).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Training and Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the FINCS_MD_FSITEM024 error and successfully generate the required financial reports.