How To Fix FINS_REV_REC047 - Cost element assignment to resource ID &4 missing for &2, WBS element &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 047

• Message text: Cost element assignment to resource ID &4 missing for &2, WBS element &3

What causes this issue?

The customer project provides plan values for revenue recognition. If it
does not supply cost elements for all plan values revenue recognition
does not function.
A cost element is a GL account which requires an account assignment to a
cost object.

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?

Please contact your system administration for correcting the
customizing.
Please check the mapping of cost elements to resources and map the cost
elements which are not mapped yet. The pre-delivered cost element groups
should be updated with these cost elements too.

Procedure for System Administrators

The app Configure Your Solution provides a self-service for maintaining
the mapping of cost elements to resources. Search for the application
area Professional Services, sub application area Project Management,
configuration step Define Expenses.
In the past the mapping of cost elements to resources could be met via a
service center request, component XX-S4C-SRV-CON, because a SSCUI was
not available. Now, please use the self-service instead.
If the pre-delivered customizing is concerned you may open an incident
with the component FI-CNT-CO.

If the mapping of resources to cost elements is missing for some
resources you find this in the IMG via the path Commercial Projects and
Project-Based Services -> Project Cost and Revenue Planning -> Define
Resources: Define Resources -> Resource and Key Figures for Cost and
Revenue -> Map Resource with Cost Element, Cost Element Group.

Technical Remarks for Analysis and Support
The method 'get_plan_details_for_wbs' of the ABAP class
'/cpd/cl_sc_cpm_utility' does provide the plan values from a customer
project (commercial project) for revenue recognition. In case of
technical issues with this interface you may open an incident with the
component CA-CPD-SS.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC047 - Cost element assignment to resource ID &4 missing for &2, WBS element &3 ?

  The SAP error message FINS_REV_REC047 indicates that there is a missing cost element assignment for a specific resource ID in relation to a WBS (Work Breakdown Structure) element. This error typically arises in the context of revenue recognition and project accounting, where proper cost element assignments are crucial for accurate financial reporting and project tracking.
  Cause:
  
  
  Missing Cost Element Assignment: The primary cause of this error is that the system cannot find a cost element assigned to the specified resource ID for the given WBS element. This can happen if:
  
  The cost element has not been defined in the system.
  The assignment between the resource and the cost element has not been established.
  The WBS element is not properly configured to use the specified resource.
  
  
  
  Configuration Issues: There may be issues in the configuration of the project system or the controlling module that prevent the correct assignment of cost elements.
  
  
  Data Entry Errors: Incorrect data entry during the creation or modification of the WBS element or resource can lead to this error.
  
  
  Solution:
  To resolve the FINS_REV_REC047 error, you can take the following steps:
  
  
  Check Cost Element Assignment:
  
  Navigate to the relevant configuration settings in SAP (Transaction Code: OKB9 or similar) to verify if the cost element is correctly assigned to the resource ID.
  Ensure that the cost element is active and available for use.
  
  
  
  Assign Cost Element:
  
  If the cost element is missing, you will need to create or assign the appropriate cost element to the resource ID. This can typically be done in the project definition or through the resource planning settings.
  
  
  
  Review WBS Element Configuration:
  
  Check the configuration of the WBS element to ensure it is set up to utilize the specified resource and cost element. You can do this using Transaction Code: CJ20N (Project Builder) or CJ02 (Change WBS Element).
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance on cost element assignments and project accounting configurations.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as CJ20N (Project Builder), CJ02 (Change WBS Element), and OKB9 (Cost Element Assignment).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to cost elements and WBS elements.
  Consult with SAP Support: If the issue persists after following the above steps, consider reaching out to SAP support for further assistance.
  
  By addressing the missing cost element assignment and ensuring proper configuration, you should be able to resolve the FINS_REV_REC047 error effectively.