How To Fix FKK_FVA002 - No accounting principle assigned to valuation area &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FKK_FVA - FI-CA: FVA message class

• Message number: 002

• Message text: No accounting principle assigned to valuation area &1

What causes this issue?

You made a new entry with valuation area &V1&. No accounting principle
has been assigned to valuation area &V1&.

System Response

The system could not find an entry for the given
valuation area/accounting principle combination in the system settings.

How to fix this error?

INCLUDE FICA_NA_CUST_1 OBJECT DOKU ID TX


INCLUDE FICA_NA_CUST_CE OBJECT DOKU ID TX
Choose <LS>Doubtful Receivables and Value Adjustments -> Define
Valuation Areas</>.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FKK_FVA002 - No accounting principle assigned to valuation area &1 ?

  The SAP error message FKK_FVA002 indicates that there is no accounting principle assigned to the specified valuation area. This error typically occurs in the context of the SAP Contract Accounts Receivable and Payable (FI-CA) module, particularly when dealing with financial transactions that require a specific accounting principle to be defined for the valuation area.
  Cause:
  
  Missing Configuration: The most common cause of this error is that the valuation area (which could be a company code or a specific area within the FI-CA module) does not have an accounting principle assigned to it in the system configuration.
  Incorrect Valuation Area: The valuation area specified in the transaction may not be correctly set up or may not exist in the system.
  Data Migration Issues: If data has been migrated from another system, it is possible that the necessary configurations were not carried over correctly.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Contract Accounts Receivable and Payable > Basic Settings > Define Accounting Principles.
  Ensure that the accounting principle is defined for the relevant valuation area.
  
  
  
  Assign Accounting Principle:
  
  If the accounting principle is not assigned, you will need to assign it to the valuation area.
  In the same configuration path, you can assign the appropriate accounting principle to the valuation area in question.
  
  
  
  Validate Valuation Area:
  
  Ensure that the valuation area you are working with is correctly set up and that you are using the correct valuation area in your transaction.
  
  
  
  Check User Authorizations:
  
  Ensure that the user has the necessary authorizations to access and modify the configuration settings.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct accounting principle to assign, consult your organization's financial documentation or speak with a financial consultant who is familiar with your SAP setup.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBY6 (for defining accounting principles) or OBA7 (for assigning accounting principles to valuation areas).
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or fixes related to this error.
  Testing: After making the necessary changes, perform a test transaction to ensure that the error has been resolved.
  
  By following these steps, you should be able to resolve the error message FKK_FVA002 and ensure that the accounting principles are correctly assigned to the valuation areas in your SAP system.