How To Fix FIQA_LOC711 - Specify a valid finanacial statement version for provision calculation

SAP Error Message - Details

• Message type: E = Error

• Message class: FIQA_LOC - FI Localization for Qatar

• Message number: 711

• Message text: Specify a valid finanacial statement version for provision calculation

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FIQA_LOC711 - Specify a valid finanacial statement version for provision calculation ?

  The SAP error message FIQA_LOC711 indicates that there is an issue with the financial statement version specified for the provision calculation in the Financial Accounting (FI) module. This error typically arises when the system cannot find a valid financial statement version that matches the criteria set for the provision calculation.
  Cause:
  
  Missing Financial Statement Version: The financial statement version required for the provision calculation is not defined in the system.
  Incorrect Configuration: The financial statement version may not be properly configured or linked to the relevant accounts or reporting structures.
  Authorization Issues: The user may not have the necessary authorizations to access the financial statement version.
  Data Inconsistencies: There may be inconsistencies in the data that prevent the system from recognizing the financial statement version.
  
  Solution:
  
  
  Check Financial Statement Version:
  
  Go to the transaction code OB58 to check the financial statement versions defined in the system.
  Ensure that the required financial statement version is created and active.
  
  
  
  Configuration:
  
  If the financial statement version is missing, create a new version or modify an existing one to include the necessary accounts.
  Ensure that the financial statement version is correctly assigned to the relevant company code and reporting structure.
  
  
  
  Review Provision Calculation Settings:
  
  Check the settings for the provision calculation to ensure that the correct financial statement version is specified.
  Navigate to the relevant configuration settings in the SAP system to verify the linkage.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to access and use the financial statement version.
  Check the user roles and profiles to confirm that they include access to the relevant financial statement version.
  
  
  
  Data Consistency Check:
  
  Run data consistency checks to identify any discrepancies that may be causing the issue.
  Use transaction codes like SE38 to run reports that can help identify inconsistencies.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB58: Financial Statement Versions
  OBY6: Assign Financial Statement Versions to Company Codes
  FBL1N: Vendor Line Item Display (to check related accounts)
  FBL3N: G/L Account Line Item Display (to check related accounts)
  
  
  
  Documentation: Refer to SAP Help documentation for detailed guidance on configuring financial statement versions and provision calculations.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to the FIQA_LOC711 error.
  
  
  By following these steps, you should be able to resolve the FIQA_LOC711 error and ensure that the financial statement version is correctly specified for provision calculations.