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

FINS_REV_REC047 - Overview

• 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.

FINS_REV_REC047 - Details

• 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