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

SAP Error Message - Details

• 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

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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 the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for currency types in your SAP system. This can typically be found in the Financial Accounting (FI) module under the settings for currency management.
  Ensure that the configuration for currency types is set correctly and that the valuated and remeasured currency types are not the same.
  
  
  
  Review Transaction Data:
  
  Check the specific transaction or posting that triggered the error. Look at the currency types assigned to the transaction.
  If you are using a custom program or report, ensure that it is correctly assigning different currency types for valuated and remeasured amounts.
  
  
  
  Adjust Posting:
  
  If the error occurs during a specific posting, you may need to adjust the posting to ensure that the currency types are different. This may involve changing the settings in the document or transaction.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to currency types and financial closing processes. This can provide additional insights into the correct configuration and usage.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide guidance based on your specific system configuration and business processes.
  
  
  
  Related Information:
  
  Transaction Codes: You may want to use transaction codes like OB08 (for maintaining exchange rates) or OB22 (for defining currency types) to check and adjust your currency settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Testing: After making changes, perform a test transaction to ensure that the error no longer occurs and that the financial postings are processed correctly.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.