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

FINS_IC_CUST047 - Overview

• 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.

FINS_IC_CUST047 - Details

• 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