How To Fix FINS_FI_CLS811 - Advanced valuation not active for acctg. prcple. &1, CoCd &2

FINS_FI_CLS811 - Overview

• Message type: E = Error

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

• Message number: 811

• Message text: Advanced valuation not active 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&. But you have not activated advanced
valuation for the accounting principle and the company code yet.

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</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_FI_CLS811 - Advanced valuation not active for acctg. prcple. &1, CoCd &2 ?

  The SAP error message FINS_FI_CLS811 indicates that the advanced valuation is not active for the specified accounting principle and company code. This error typically arises in the context of financial closing processes, particularly when dealing with advanced valuation methods in SAP S/4HANA or SAP ERP systems.
  
  Cause:
  
  Inactive Advanced Valuation: The advanced valuation feature may not be activated for the specified accounting principle (e.g., IFRS, US GAAP) and company code.
  
  Configuration Issues: There may be configuration issues in the Financial Accounting (FI) module, particularly in the settings related to valuation methods.
  Missing Settings: The necessary settings for advanced valuation might not have been completed in the system.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (FI) > Financial Accounting Global Settings > Ledgers > Define Accounting Principles.
  Ensure that the advanced valuation is activated for the relevant accounting principle and company code.
  
  
  
  Activate Advanced Valuation:
  
  If