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

FINS_REV_REC_CUST050 - Overview

• 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.

FINS_REV_REC_CUST050 - Details

• 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