How To Fix FINS_FI_CLS016 - The valuated and remeasured currency type cannot be the same

FINS_FI_CLS016 - Overview

• Message type: E = Error

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

• Message number: 016

• Message text: The valuated and remeasured currency type cannot be the same

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_FI_CLS016 - The valuated and remeasured currency type cannot be the same ?

  The SAP error message FINS_FI_CLS016 indicates that there is an issue with the currency types being used in a financial transaction or posting. Specifically, the error states that the valuated currency type and the remeasured currency type cannot be the same. This typically occurs during the closing process or when performing currency revaluation.
  
  Cause:
  The error arises when the system detects that the currency types for valuated and remeasured amounts are set to the same value. In SAP, different currency types are used for various purposes, such as:
  
  Valuated Currency Type: This is the currency in which the asset or liability is valued.
  Remeasured Currency Type: This is the currency used for remeasuring the values, often for reporting purposes.
  
  When both currency types are set to the same, it violates the business logic that requires them to be distinct to ensure accurate financial reporting and compliance with accounting standards.
  
  Solution:
  To resolve this error, you can take