How To Fix FKK_IFRS9005 - Accounting Principle &1 is not maintained in Acct. Principle Cust.

SAP Error Message - Details

• Message type: E = Error

• Message class: FKK_IFRS9 - FICA: IFRS9 Messages

• Message number: 005

• Message text: Accounting Principle &1 is not maintained in Acct. Principle Cust.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FKK_IFRS9005 - Accounting Principle &1 is not maintained in Acct. Principle Cust. ?

  The SAP error message FKK_IFRS9005 indicates that the accounting principle specified (denoted as &1 in the message) is not maintained in the account principle customization settings. This typically occurs in the context of Financial Accounting (FI) and Contract Accounts Receivable and Payable (FI-CA) when dealing with International Financial Reporting Standards (IFRS).
  Cause:
  The error arises when:
  
  An accounting principle is referenced in a transaction or configuration that has not been defined in the system.
  The accounting principle is not properly set up in the customizing settings for the relevant company code or area.
  There may be a mismatch between the accounting principles used in the transaction and those configured in the system.
  
  Solution:
  To resolve this error, follow these steps:
  
  
  Check Accounting Principles Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Contract Accounts Receivable and Payable > Basic Functions > Define Accounting Principles.
  Ensure that the accounting principle indicated in the error message is defined and properly configured.
  
  
  
  Maintain Accounting Principles:
  
  If the accounting principle is missing, you will need to create it. Click on "New Entries" and enter the required details for the accounting principle.
  Make sure to assign the accounting principle to the relevant company code and ensure that all necessary settings are completed.
  
  
  
  Check Transaction Settings:
  
  Review the transaction or process that triggered the error to ensure that it is using the correct accounting principle.
  If necessary, adjust the transaction settings to align with the available accounting principles.
  
  
  
  Transport Requests:
  
  If changes were made in a development environment, ensure that the changes are transported to the quality and production environments.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on configuring accounting principles and understanding their implications in your specific context.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like SPRO for configuration and OBY6 to check the accounting principles assigned to company codes.
  SAP Notes: Check for any relevant SAP Notes that might address specific issues or provide additional guidance related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  By following these steps, you should be able to resolve the FKK_IFRS9005 error and ensure that the accounting principles are correctly maintained in your SAP system.