How To Fix FINS_FI_CLS812 - Advanced valuation is active for acctg. principle &1 and company code &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 812

• Message text: Advanced valuation is active for acctg. principle &1 and company code &2

What causes this issue?

You have activated advanced valuation for the accounting principle &v1&
and company code &v2&.

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?

For more information please read the documentation of the activity. You
can find it 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_CLS812 - Advanced valuation is active for acctg. principle &1 and company code &2 ?

  The SAP error message FINS_FI_CLS812 indicates that advanced valuation is active for a specific accounting principle and company code. This error typically arises during the closing process in Financial Accounting (FI) when there are issues related to the valuation of financial instruments or other accounting entries.
  Cause:
  
  Advanced Valuation Active: The error suggests that advanced valuation is enabled for the specified accounting principle and company code. This means that the system expects certain configurations or data to be in place for the valuation process to proceed.
  Missing Configuration: There may be missing or incorrect configuration settings related to the advanced valuation process.
  Inconsistent Data: There could be inconsistencies in the data that are required for the valuation process, such as missing valuation methods or incorrect settings in the financial instruments.
  
  Solution:
  
  
  Check Configuration: 
  
  Go to the configuration settings for the accounting principle and company code in the SAP system. Ensure that all necessary settings for advanced valuation are correctly configured.
  Verify that the valuation methods and rules are properly defined and activated.
  
  
  
  Review Master Data: 
  
  Check the master data for the financial instruments involved. Ensure that all required fields are filled out and that the data is consistent with the advanced valuation requirements.
  
  
  
  Transaction Codes: 
  
  Use transaction codes like OBY6 (to check accounting principles) and OBY1 (to check company codes) to review the settings.
  Use FSP0 or FSP1 to check the financial instruments and their valuation settings.
  
  
  
  Consult Documentation: 
  
  Refer to SAP documentation or help notes related to advanced valuation for specific guidance on the configuration and requirements.
  
  
  
  Testing: 
  
  After making any changes, perform a test run of the closing process to ensure that the error does not reoccur.
  
  
  
  SAP Notes: 
  
  Check for any relevant SAP Notes that may address this specific error or provide additional guidance on resolving it.
  
  
  
  Related Information:
  
  Advanced Valuation: This feature is typically used in scenarios involving complex financial instruments, where standard valuation methods may not suffice.
  Accounting Principles: Different accounting principles (like IFRS, GAAP) may have different requirements for valuation, and the system needs to be configured accordingly.
  Company Code: Each company code can have its own settings and configurations, so ensure that the settings are correct for the specific company code in question.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.