How To Fix FINS_CNTACT009 - Solution should contain IFRS (1GA) OR 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: 009

• Message text: Solution should contain IFRS (1GA) OR 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_CNTACT009 - Solution should contain IFRS (1GA) OR USGP (2VA) scope item, pls re-scope ?

  The SAP error message FINS_CNTACT009 typically indicates that there is an issue with the configuration of the financial accounting settings in relation to the scope items for IFRS (International Financial Reporting Standards) or US GAAP (Generally Accepted Accounting Principles). This error often arises during the configuration of the SAP S/4HANA system, particularly when dealing with financial transactions or reporting.
  Cause:
  
  Incorrect Scope Item Configuration: The system expects the configuration to include either the IFRS (1GA) or US GAAP (2VA) scope item, but it is not found in the current settings.
  Missing or Incomplete Implementation: The necessary scope items may not have been activated or properly implemented in the system.
  Data Migration Issues: If data has been migrated from another system, it may not align with the required scope items.
  Custom Development: If there are custom developments or enhancements, they may not be compatible with the required financial reporting standards.
  
  Solution:
  
  
  Check Scope Item Activation:
  
  Go to the SAP Fiori Launchpad or the SAP GUI and navigate to the Implementation Project.
  Check if the IFRS (1GA) or US GAAP (2VA) scope items are activated. If not, activate the required scope item.
  
  
  
  Review Configuration Settings:
  
  Ensure that the financial accounting settings are correctly configured to align with the selected scope item.
  Check the configuration in the Financial Accounting (FI) module to ensure compliance with the selected reporting standards.
  
  
  
  Consult Documentation:
  
  Refer to the SAP Best Practices documentation for the specific scope items to ensure that all necessary configurations are in place.
  
  
  
  Testing:
  
  After making changes, perform testing to ensure that the error is resolved and that financial transactions can be processed without issues.
  
  
  
  Seek Expert Assistance:
  
  If the issue persists, consider consulting with an SAP expert or a consultant who specializes in financial accounting configurations in SAP S/4HANA.
  
  
  
  Related Information:
  
  SAP Notes and Knowledge Base Articles: Check SAP's support portal for any relevant notes or articles that address this specific error message.
  SAP Community: Engage with the SAP Community forums to see if other users have encountered similar issues and what solutions they have found.
  Training and Documentation: Ensure that your team is trained on the financial accounting aspects of SAP S/4HANA, particularly regarding IFRS and US GAAP compliance.
  
  By following these steps, you should be able to resolve the FINS_CNTACT009 error and ensure that your SAP system is properly configured for financial reporting.