How To Fix FINS_CFIN_CO_MESSAGE702 - Cannot do currency conversion for field &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_CFIN_CO_MESSAGE - Central Finance Message Class

• Message number: 702

• Message text: Cannot do currency conversion for field &1

What causes this issue?

The system cannot adjust the currency for this field.
For supported currency amount fields, please refer to table COEP, field
OWAER/TWAER, or table TKA01, field WAERS.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Use TCODE OBA5, specify Application Area 'FINS_CFIN_CO_MESSAGE', add one
entry for message number 702 for your specific user (leave blank if
meant for all users) with message type S or W.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_CFIN_CO_MESSAGE702 - Cannot do currency conversion for field &1 ?

  The SAP error message FINS_CFIN_CO_MESSAGE702 ("Cannot do currency conversion for field &1") typically occurs in the context of financial transactions or reporting when the system is unable to perform a currency conversion for a specified field. This can happen for several reasons, and understanding the cause is crucial for resolving the issue.
  Causes:
  
  
  Missing Currency Exchange Rate: The most common cause is that there is no exchange rate defined for the currency pair involved in the transaction. This can happen if the exchange rate is not maintained in the system for the relevant date.
  
  
  Incorrect Currency Configuration: The currencies involved may not be properly configured in the system, or there may be inconsistencies in the currency settings.
  
  
  Date Issues: The date for which the currency conversion is being attempted may not have a valid exchange rate. Exchange rates are often maintained for specific periods, and if the date falls outside of this range, the conversion will fail.
  
  
  Field Configuration: The field for which the currency conversion is being attempted may not be set up correctly in the system, or it may not support currency conversion.
  
  
  Data Issues: There may be issues with the data being processed, such as missing or incorrect currency codes.
  
  
  Solutions:
  
  
  Check Exchange Rates: Verify that the exchange rates for the relevant currency pair are maintained in the system. You can do this by navigating to the transaction code OB08 (Maintain Exchange Rates) and checking if the rates exist for the required date.
  
  
  Review Currency Configuration: Ensure that the currencies involved in the transaction are correctly configured in the system. Check the settings in the transaction code OB22 (Define Currency Types) and ensure that the currencies are active.
  
  
  Validate Dates: Make sure that the date for which the currency conversion is being attempted has a valid exchange rate. If necessary, update the exchange rates for the required date.
  
  
  Field Settings: Review the configuration of the field that is causing the error. Ensure that it is set up to allow currency conversion and that it is correctly mapped in the relevant financial documents.
  
  
  Data Validation: Check the data being processed for any inconsistencies or missing information, particularly with respect to currency codes.
  
  
  Consult Documentation: If the issue persists, consult SAP documentation or support for further guidance, as there may be specific notes or patches related to this error.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OB22 (Define Currency Types), and FB50 (Enter G/L Account Document) for troubleshooting.
  SAP Notes: Search for SAP Notes related to this error message in the SAP Support Portal, as there may be specific fixes or recommendations provided by SAP.
  Testing: After making changes, perform tests to ensure that the currency conversion works as expected and that the error does not reoccur.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.