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

FINS_CFIN_CO_MESSAGE702 - Overview

• 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.

FINS_CFIN_CO_MESSAGE702 - Details

• 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