How To Fix FKK_IFRS9002 - No accounting principle assgined to valuation area &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FKK_IFRS9 - FICA: IFRS9 Messages

• Message number: 002

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

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FKK_IFRS9002 - No accounting principle assgined to valuation area &1 ?

  The SAP error message FKK_IFRS9002 indicates that there is no accounting principle assigned to the specified valuation area in the context of the SAP Financial Accounting (FI) and Contract Accounts Receivable and Payable (FI-CA) modules. This error typically arises when you are trying to perform an operation that requires a specific accounting principle, but the system cannot find one assigned to the relevant valuation area.
  Cause:
  
  Missing Configuration: The most common cause of this error is that the accounting principle has not been configured or assigned to the valuation area in the system.
  Incorrect Valuation Area: The valuation area specified in the transaction may not be correctly set up or may not correspond to an existing accounting principle.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies or missing configurations related to accounting principles.
  
  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 relevant accounting principles are defined and that they are assigned to the appropriate valuation areas.
  
  
  
  Assign Accounting Principles:
  
  If the accounting principle is not assigned, you can assign it by selecting the relevant valuation area and linking it to the appropriate accounting principle.
  
  
  
  Validate Valuation Area:
  
  Ensure that the valuation area you are working with is correctly set up and corresponds to the accounting principles you have defined.
  
  
  
  Check User Authorizations:
  
  Ensure that the user has the necessary authorizations to access and modify the accounting principles and valuation areas.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files for any additional configuration steps that may be required for your specific version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBY6 (for defining accounting principles) or OBY1 (for defining valuation areas) to access the relevant configuration settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration.
  Support: If the issue persists after checking the configuration, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the FKK_IFRS9002 error and ensure that the necessary accounting principles are correctly assigned to the valuation areas in your SAP system.