How To Fix FINS_REV_REC112 - For ledger &1 in company &2 the derivation of the ledger group failed

FINS_REV_REC112 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 112

• Message text: For ledger &1 in company &2 the derivation of the ledger group failed

What causes this issue?

For the quoted ledger and company code an accounting principle and a
ledger group needs to be derived. The accounting principle describes how
event based revenue recognition calculates. The ledger group contains
the ledger to which the calculated result is posted. This ledger group
contains at least the quoted ledger. The derivation of the ledger group
failed.

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?

Contact your system administration.

Procedure for System Administrators

Remark: The ledger group is derived technically by the service
cl_fins_acdoc_util=>get_targ_ldgrp_from_ledger of the component FI-GL.

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC112 - Details

• The SAP error message FINS_REV_REC112 indicates that there is an issue with the derivation of the ledger group for a specific ledger in a company code. This error typically arises in the context of revenue recognition and can occur due to various reasons related to configuration or data inconsistencies.
  
  Cause:
  
  Missing Configuration: The ledger group may not be properly configured in the system. This could include missing entries in the configuration tables or incorrect settings.
  Inconsistent Data: There may be inconsistencies in the data related to the ledger or company code, such as missing or incorrect master data.
  Authorization Issues: The user may not have the necessary authorizations to access the ledger or company code.
  Incorrect Posting Period: The posting period may not be open for the ledger or company code, leading to issues in deriving the ledger group.
  Custom Logic: If there are custom enhancements or logic implemented, they may not be functioning as expected.
  
  
  Solution:
  
  
  Check