How To Fix FVD_LOCAC078 - Condition type &1, which is mandatory for product, does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 078

• Message text: Condition type &1, which is mandatory for product, does not exist

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Procedure for System Administrators

Condition type &V2& was assigned to the product in a condition table.
This condition type is indicated as mandatory in Customizing for
<ZK>Loans Management</>, in the IMG activity <ZK>Define Condition
Groups</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_LOCAC078 - Condition type &1, which is mandatory for product, does not exist ?

  The SAP error message FVD_LOCAC078 indicates that a mandatory condition type for a product is missing in the system. This error typically arises in the context of pricing or conditions in the SAP system, particularly in the Financial Services (FS) module or when dealing with condition records.
  Cause:
  
  Missing Condition Type: The specified condition type (denoted as &1 in the error message) is not defined in the system for the product in question.
  Configuration Issues: The condition type may not have been properly configured in the pricing procedure or may not be assigned to the relevant product.
  Data Inconsistency: There may be inconsistencies in the master data or transaction data that lead to the absence of the required condition type.
  
  Solution:
  
  
  Check Condition Type Configuration:
  
  Go to the configuration settings for condition types in the SAP system (Transaction code: SPRO).
  Navigate to the relevant path for pricing and check if the condition type is defined and active.
  Ensure that the condition type is included in the pricing procedure assigned to the product.
  
  
  
  Assign Condition Type to Product:
  
  Verify if the condition type is assigned to the specific product or product category.
  If not, you may need to create or modify the condition records to include the missing condition type.
  
  
  
  Create Condition Records:
  
  If the condition type is valid but does not have any records, you may need to create condition records for it.
  Use transaction codes like VK11 (Create Condition) to add the necessary records.
  
  
  
  Check Master Data:
  
  Ensure that the master data for the product is complete and correctly configured.
  Look for any missing or incorrect entries that could lead to this error.
  
  
  
  Consult Documentation:
  
  Review any relevant SAP documentation or notes related to the specific condition type and its requirements.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as VK11, VK12, VK13 for condition records, and SPRO for configuration.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to condition types and pricing procedures.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the relevant module.