How To Fix FINS_IC_CUST047 - Global currency conversion settings were changed (curreny type &1)

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 047

• Message text: Global currency conversion settings were changed (curreny type &1)

What causes this issue?

The global currency conversion settings were changed after the
preparation phase of the current project was completed.
The differences are related to currency type &V1&, which is either new
or has been deleted.
In general, subsequent project configuration changes are not allowed and
cannot be handled properly during data processing. Such changes might
cause data inconsistencies.

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 can maintain these settings by selecting <LS>Global Currency
Conversion Settings </>in the Customizing activity
<DS:SIMG.FINSVC_LEDGER_IC>Define Settings for Currency Types</>.
In non-production systems, you can change the message type (and even
suppress the message) in
<DS:TRAN.OBA5>Message Control by User</> using application area
FINS_IC_CUST, message number 047.
In case of message type = 'I' (Info), 'S' (Success) or 'W' (Warning), it
will be possible to perform the current operation.

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_IC_CUST047 - Global currency conversion settings were changed (curreny type &1) ?

  The SAP error message FINS_IC_CUST047 indicates that there have been changes to the global currency conversion settings for a specific currency type in the system. This error typically arises in the context of financial transactions or reporting where currency conversion is involved.
  Cause:
  The error can occur due to several reasons:
  
  Configuration Changes: Changes made to the currency conversion settings in the SAP system, such as updates to exchange rates, currency types, or conversion methods.
  Inconsistent Data: If there are inconsistencies in the data related to currency conversion, such as missing or incorrect exchange rates for the specified currency type.
  Transaction Timing: If a transaction is being processed that relies on currency conversion settings that have been modified after the transaction was initiated.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for currency conversion in SAP (Transaction Code: SPRO).
  Navigate to the relevant section for global currency settings and verify if any recent changes were made that could affect the currency type in question.
  
  
  
  Review Exchange Rates:
  
  Ensure that the exchange rates for the currency type are correctly maintained. You can check this in the transaction code OB08 (Maintain Exchange Rates).
  Make sure that the rates are valid for the date of the transaction you are trying to process.
  
  
  
  Analyze Transaction Data:
  
  Review the transaction data that is causing the error. Check if the currency type used in the transaction matches the expected currency type in the configuration.
  If necessary, re-enter or adjust the transaction to align with the current currency settings.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to currency conversion settings for any specific guidance or known issues.
  
  
  
  Testing:
  
  After making changes, perform tests to ensure that the error no longer occurs and that currency conversions are functioning as expected.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. Provide them with details of the error message and the context in which it occurs.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), SPRO (SAP Project Reference Object), and others related to financial settings.
  SAP Notes: Check for any SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.