How To Fix FINS_CNTACT008 - Solution contains both IFRS(1GA) and USGP(2VA) scope item,pls re-scope

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_CNTACT - Message Accounting Principle Violation

• Message number: 008

• Message text: Solution contains both IFRS(1GA) and USGP(2VA) scope item,pls re-scope

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_CNTACT008 - Solution contains both IFRS(1GA) and USGP(2VA) scope item,pls re-scope ?

  The SAP error message FINS_CNTACT008 indicates that there is a conflict in the scope of the solution you are trying to implement. Specifically, it suggests that the solution you are working with contains both IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted Accounting Principles) scope items, which are not compatible with each other in the context of the configuration you are attempting.
  Cause:
  
  Mixed Scope Items: The solution you are trying to implement includes both IFRS and US GAAP scope items. These two accounting standards have different requirements and cannot be used together in the same solution context.
  Configuration Issues: The system may have been configured to expect only one type of accounting standard, leading to this conflict when both are present.
  
  Solution:
  
  
  Re-scope the Solution: You need to decide whether to use IFRS or US GAAP for your implementation. Based on your organization's reporting requirements, you should:
  
  Remove the scope items related to the accounting standard that you do not intend to use.
  Ensure that all selected scope items are compatible with the chosen accounting standard.
  
  
  
  Check Configuration Settings: Review your configuration settings in the SAP system to ensure that they align with the selected accounting standard. This may involve:
  
  Adjusting the settings in the SAP Solution Manager.
  Ensuring that the relevant financial modules are configured correctly for either IFRS or US GAAP.
  
  
  
  Consult Documentation: Refer to SAP documentation or implementation guides for detailed instructions on how to configure your system for either IFRS or US GAAP. This can provide insights into the specific scope items and configurations required.
  
  
  Engage with SAP Support: If you are unsure about how to proceed or if the issue persists after making changes, consider reaching out to SAP support for assistance. They can provide guidance tailored to your specific implementation scenario.
  
  
  Related Information:
  
  SAP Notes and Knowledge Base Articles: Check for any relevant SAP Notes or KBA that might address this specific error message or provide additional context.
  Implementation Guides: Review the implementation guides for both IFRS and US GAAP to understand the differences in scope items and configurations.
  Community Forums: Engage with SAP community forums or user groups where you can ask questions and share experiences with other SAP users who may have encountered similar issues.
  
  By following these steps, you should be able to resolve the FINS_CNTACT008 error and successfully configure your SAP solution according to your organization's accounting standards.