How To Fix FINS_FI_CLS809 - Advanced valuation is not fully configured for acctg. prcple. &1, CoCd &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 809

• Message text: Advanced valuation is not fully configured for acctg. prcple. &1, CoCd &2

What causes this issue?

You have tried to execute advanced valuation for the accounting
principle &V1& and company code &V2&. You have activated advanced
valuation for the accounting principle but there are still settings
missing.

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?

You activate advanced valuation for the accounting principle and the
company code under Finance --> General Ledger --> Ledgers and Valuation
--> Activate Advanced Valuation.
For more information, please read the configuration help of the
configuration step.

You activate advanced valuation for the accounting principle and the
company code in the activity
<DS:SIMG.FINSVC_VAL_ACT>Activate Advanced Valuation</>.
For more information, please read the documentation of the activity
<DS:SIMG.FINSVC_VAL_ACT>Activate Advanced Valuation</>.

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_FI_CLS809 - Advanced valuation is not fully configured for acctg. prcple. &1, CoCd &2 ?

  The SAP error message FINS_FI_CLS809 indicates that the advanced valuation is not fully configured for the specified accounting principle and company code. This error typically arises in the context of financial accounting and valuation processes, particularly when dealing with complex financial instruments or specific accounting standards.
  Cause:
  
  Incomplete Configuration: The advanced valuation settings for the specified accounting principle (e.g., IFRS, US GAAP) and company code are not fully set up in the system.
  Missing Settings: Certain required settings or parameters may be missing in the configuration for the valuation method or accounting principle.
  Inconsistent Data: There may be inconsistencies in the data related to the accounting principle or company code that prevent the system from processing the valuation correctly.
  
  Solution:
  To resolve the error, follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings > Valuation > Advanced Valuation.
  Ensure that the configuration for the relevant accounting principle and company code is complete. This includes checking valuation methods, parameters, and any other related settings.
  
  
  
  Review Accounting Principles:
  
  Verify that the accounting principles are correctly defined and activated for the company code in question.
  Ensure that all necessary valuation methods are assigned to the accounting principle.
  
  
  
  Validate Company Code Settings:
  
  Check the settings specific to the company code to ensure that they align with the requirements of the accounting principle.
  Make sure that the company code is properly configured to use advanced valuation.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed guidance on configuring advanced valuation for your specific version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Seek Support:
  
  If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert who specializes in financial accounting configurations.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration, OBY6 for company code settings, and OB52 for fiscal year settings.
  SAP Notes: Check for any relevant SAP Notes that may address known issues or provide additional guidance on advanced valuation configurations.
  Training and Documentation: Consider training sessions or workshops on financial accounting in SAP to better understand the configuration and troubleshooting processes.
  
  By following these steps, you should be able to identify and resolve the configuration issues leading to the FINS_FI_CLS809 error message.