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

SAP Error Message - Details

• 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

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 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 that the account is set up to allow statistical cover.
  Navigate to the relevant configuration settings in the SAP system (usually found in the IMG under Public Sector Management or Financial Accounting).
  
  
  
  Review Authorizations:
  
  Ensure that the user has the necessary authorizations to perform transactions related to the FM account assignment. This may involve checking user roles and permissions.
  
  
  
  Adjust Statistical Cover Settings:
  
  If the FM account is not entitled to statistical cover, you may need to adjust the settings in the FM module to allow it. This can involve changing the settings for the specific FM account or the overall configuration for statistical cover.
  
  
  
  Check Asset Class:
  
  Verify the settings for the asset class associated with the fixed asset. Ensure that it is configured to allow statistical cover.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed guidance on configuring FM account assignments and statistical cover.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OBY6 (for FM account assignment) or AS01 (to create an asset) to check configurations.
  SAP Notes: Look for relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Forums: Consider checking SAP community forums or user groups for similar issues and solutions shared by other users.
  
  By following these steps, you should be able to identify and resolve the cause of the FO262 error in your SAP system.