How To Fix FO262 - FM account assignment &1 is not entitled to statistical cover with &2

FO262 - Overview

• Message type: E = Error

• Message class: FO - Cross-ISPS Functions

• Message number: 262

• Message text: FM account assignment &1 is not entitled to statistical cover with &2

Self-Explanatory Message

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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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FO262 - FM account assignment &1 is not entitled to statistical cover with &2 ?

  The SAP error message FO262 indicates that there is an issue with the account assignment in the context of fixed asset management. Specifically, it means that the financial account assignment (FM account) is not entitled to statistical cover for the specified asset or transaction.
  
  Cause:
  The error typically arises due to one of the following reasons:
  
  Incorrect Configuration: The financial management (FM) account assignment may not be properly configured to allow statistical cover.
  Missing Authorizations: The user may not have the necessary authorizations to perform the transaction related to the specified FM account.
  Statistical Cover Settings: The settings for statistical cover in the FM module may not be correctly defined for the account assignment in question.
  Asset Class Settings: The asset class associated with the fixed asset may not be set up to allow statistical cover.
  
  
  Solution:
  To resolve the FO262 error, you can take the following steps:
  
  
  Check Configuration:
  
  Review the configuration settings for the FM account assignment. Ensure