How To Fix FINS_REV_REC_CUST050 - Recognition Key cannot be derived for &1/&2/&3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC_CUST - Event-Based Rev. Rec.: Customizing

• Message number: 050

• Message text: Recognition Key cannot be derived for &1/&2/&3

What causes this issue?

The system tries to derive a Recognition Key from company code &V1&,
contract type alias sales document item category &V2& and material &V3&
but there is no according entry in table FINS_TRR_DRAKEY.

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?

Maintain a Recognition Key for the above combination of attributes.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC_CUST050 - Recognition Key cannot be derived for &1/&2/&3 ?

  The SAP error message FINS_REV_REC_CUST050 indicates that the system is unable to derive a recognition key for revenue recognition. This typically occurs in the context of revenue recognition processes, particularly when dealing with contracts, billing documents, or other financial transactions that require the recognition of revenue over time.
  Cause
  The error can be caused by several factors, including:
  
  
  Missing Configuration: The necessary configuration for revenue recognition may not be set up correctly in the system. This includes settings related to revenue recognition methods, accounting principles, or specific document types.
  
  
  Incomplete Data: The data required to derive the recognition key may be incomplete or missing. This could include missing entries in the relevant master data or transaction data.
  
  
  Incorrect Document Type: The document type being processed may not be compatible with the revenue recognition process, leading to the inability to derive the recognition key.
  
  
  Custom Logic: If there are custom enhancements or user exits that affect the revenue recognition process, they may not be functioning as expected, leading to this error.
  
  
  Solution
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Review the configuration settings for revenue recognition in the SAP system. Ensure that all necessary settings are correctly defined, including revenue recognition methods and related parameters.
  
  
  
  Verify Data Completeness:
  
  Check the relevant documents (e.g., sales orders, billing documents) for completeness. Ensure that all required fields are filled out and that there are no missing entries.
  
  
  
  Review Document Types:
  
  Ensure that the document type being processed is appropriate for revenue recognition. If necessary, consult with your SAP functional team to confirm that the document type is set up correctly.
  
  
  
  Analyze Custom Logic:
  
  If there are any custom enhancements or user exits related to revenue recognition, review them to ensure they are functioning correctly. Debugging may be necessary to identify any issues.
  
  
  
  Consult SAP Notes:
  
  Check the SAP Support Portal for any relevant SAP Notes that may address this specific error message. There may be known issues or patches available.
  
  
  
  Testing:
  
  After making any changes, perform testing to ensure that the recognition key can now be derived correctly. This may involve creating test transactions to validate the solution.
  
  
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL1N, FBL3N, or FB03 for reviewing financial documents.
  SAP Documentation: Refer to SAP Help documentation for detailed information on revenue recognition processes and configuration.
  Community Forums: Engage with SAP community forums or user groups for additional insights and shared experiences from other users who may have encountered similar issues.
  
  If the problem persists after following these steps, it may be beneficial to involve your SAP support team or consult with an SAP expert for further assistance.