How To Fix FR651 - Select 'Valuation at Year-End' or 'Mid-Year Valuation'

FR651 - Overview

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 651

• Message text: Select 'Valuation at Year-End' or 'Mid-Year Valuation'

trados = fi

What causes this issue?

The attributes of the valuation area for the foreign currency valuation
enable you to reverse the valuation postings in the following month.

System Response

An error message appears if the valuation run is performed without the
relevant setting. Information appears on the selection screen.

How to fix this error?

Set the relevant selection parameter to define whether the valuation is
to be run as a 'Valuation at Year-End' or as 'Mid-Year Valuation'.
If you set the parameter 'Valuation at Year-End', the valuation postings
are not reversed.
If you set the parameter 'Mid-Year Valuation', the valuation postings
are reversed for the reversal posting date defined on the selection
screen (usually the first day of the following month).
In both cases, previous valuation runs performed with 'Valuation at
Year-End' (that is, no reversal of the valuation postings) are
considered and included in the calculation of the historical amount.
This logic is based on the settings defined in the maintenance view
V_FAGL_FCV_DELTA for the respective valuation area.

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.

FR651 - Details

• The SAP error message FR651 typically occurs in the context of financial reporting, particularly when dealing with asset valuations in the Asset Accounting (FI-AA) module. This error indicates that the system requires the user to select either "Valuation at Year-End" or "Mid-Year Valuation" for the asset valuation process.
  
  Cause:
  The error arises when the user attempts to execute a valuation report or transaction without specifying the required valuation method. The system needs to know whether to perform a valuation at the end of the fiscal year or a mid-year valuation, which affects how the asset's value is calculated and reported.
  
  Solution:
  To resolve the FR651 error, follow these steps:
  
  
  Access the Valuation Transaction: Go to the transaction where the error occurred (e.g., transaction code AW01N for asset master data or transaction code AFAB for asset depreciation).
  
  
  Select Valuation Type:
  
  Look for the option to select the valuation type. This is usually presented as a radio button or