How To Fix FINS_REV_REC032 - RA key &1 is not customized for event based revenue recognition

FINS_REV_REC032 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 032

• Message text: RA key &1 is not customized for event based revenue recognition

What causes this issue?

The quoted results analysis key is either not defined in the value table
for results analysis keys or it is not flagged for being used by event
based revenue recognition.

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 may check whether the correct results analysis key is assigned to
the object for which event based revenue recognition is processed or you
contact your system administrator.

Procedure for System Administrators

The system administrator may check the customizing for the quoted
results analysis key.

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC032 - Details

• The SAP error message FINS_REV_REC032 indicates that the Revenue Accounting (RA) key specified in the error message is not properly customized for event-based revenue recognition. This typically occurs in the context of SAP's Revenue Accounting and Reporting (RAR) module, which is used for managing revenue recognition in compliance with accounting standards.
  
  Cause:
  
  Missing Customization: The RA key you are trying to use has not been configured for event-based revenue recognition in the system.
  Incorrect Configuration: The configuration settings for the RA key may be incomplete or incorrect, leading to the system not recognizing it for the specified event.
  Inconsistent Data: There may be inconsistencies in the data related to the RA key, such as missing entries in the relevant configuration tables.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Customization:
  
  Go to the configuration settings for Revenue Accounting in SAP.
  Navigate to the path: SPRO > Financial Accounting > Revenue Accounting and Reporting > Customizing >