How To Fix FINS_CO_VALUATION005 - No cost rate could be determined for object &

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_CO_VALUATION - Management Accounting - Valuation

• Message number: 005

• Message text: No cost rate could be determined for object &

What causes this issue?

No price could be found for object &V1& with price indicator / value
type is &V2&.
The price determination used the following parameters:
Search date/Company code/receiving company/WBS element/work item
&V3&
Personnel number/service cost level/activity type/costcenter
&V4&

System Response

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

How to fix this error?

Maintain the price manually.

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_CO_VALUATION005 - No cost rate could be determined for object & ?

  The SAP error message FINS_CO_VALUATION005 indicates that the system could not determine a cost rate for a specified object. This error typically arises during processes such as cost center accounting, internal orders, or product costing when the system attempts to calculate costs but lacks the necessary data.
  Causes:
  
  Missing Cost Rate: The cost rate for the specified object (e.g., cost center, internal order) is not maintained in the system.
  Incorrect Configuration: The configuration settings for cost rate determination may not be set up correctly.
  Object Not Active: The object for which the cost rate is being determined may not be active or may have been deactivated.
  Period Closing: If the period is closed, the system may not be able to access the necessary data to determine the cost rate.
  Master Data Issues: There may be issues with the master data related to the cost object, such as missing or incorrect entries.
  
  Solutions:
  
  Maintain Cost Rates: Ensure that the cost rates for the relevant objects are maintained in the system. This can be done through transaction codes like KP26 (for cost centers) or KKS1 (for internal orders).
  Check Configuration: Review the configuration settings in the controlling area to ensure that the cost rate determination process is correctly set up. This may involve checking the settings in SPRO (SAP Reference IMG).
  Activate Object: If the object is inactive, reactivate it to allow the system to determine the cost rate.
  Open Period: If the period is closed, consider opening it temporarily to allow for the necessary calculations, or ensure that the data is available for the open periods.
  Review Master Data: Check the master data for the cost object to ensure that all necessary fields are filled out correctly and that there are no inconsistencies.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as KP26, KKS1, KSB1 (for cost center reports), and CJI3 (for project reports).
  Documentation: Refer to SAP documentation or help files for detailed guidance on cost rate determination and configuration.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  User Forums: Engage with SAP community forums or user groups for insights and solutions from other users who may have encountered similar issues.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary solutions to resolve it.