How To Fix FINS_FI_CLS012 - Expected credit loss percentage must be greater than 0.

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_FI_CLS - Messages used for the impairments and FXs

• Message number: 012

• Message text: Expected credit loss percentage must be greater than 0.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_FI_CLS012 - Expected credit loss percentage must be greater than 0. ?

  The SAP error message FINS_FI_CLS012 indicates that the expected credit loss (ECL) percentage must be greater than 0. This error typically arises in the context of financial reporting and accounting, particularly when dealing with provisions for expected credit losses under IFRS 9 or similar accounting standards.
  Cause:
  
  Missing or Incorrect Data: The ECL percentage may not have been set up correctly in the system, or it may be missing entirely.
  Configuration Issues: The configuration settings for the expected credit loss calculation may not be properly defined in the system.
  Data Entry Errors: Users may have inadvertently entered a zero or negative value for the ECL percentage during data entry.
  
  Solution:
  
  
  Check ECL Configuration:
  
  Navigate to the relevant configuration settings in SAP (usually found in the Financial Accounting or Financial Risk Management modules).
  Ensure that the expected credit loss percentage is defined and is greater than 0.
  
  
  
  Review Master Data:
  
  Check the master data for the relevant accounts or customer records to ensure that the ECL percentage is correctly maintained.
  If necessary, update the records to reflect a valid ECL percentage.
  
  
  
  Data Entry Validation:
  
  Implement validation checks in the data entry process to prevent users from entering zero or negative values for the ECL percentage.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to expected credit losses to ensure compliance with the required standards and practices.
  
  
  
  Testing:
  
  After making changes, perform tests to ensure that the error does not reoccur and that the ECL calculations are functioning as expected.
  
  
  
  Related Information:
  
  IFRS 9 Compliance: The expected credit loss model is part of IFRS 9, which requires entities to recognize expected credit losses on financial instruments. Understanding the implications of this standard is crucial for compliance.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its software, and there may be specific notes addressing this error.
  User Roles and Authorizations: Ensure that users have the appropriate roles and authorizations to make changes to financial data and configurations.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a financial consultant familiar with SAP's financial modules.