How To Fix G0666 - Incorrect consolidation frequency &1 for the amortization of FVA

SAP Error Message - Details

• Message type: E = Error

• Message class: G0 - Messages for SAP Consolidation

• Message number: 666

• Message text: Incorrect consolidation frequency &1 for the amortization of FVA

What causes this issue?

The consolidation of investments should be carried out for the period
&V2&. However this period is not a valid closing period, with regard to
the consolidation frequency &V1&, for the amortization of fair value
adjustments. This is not allowed.

System Response

How to fix this error?

Change the consolidation frequency for the amortizatin of fair value
adjustments. This consolidation frequency must contain all closing
periods of the consolidation group, which should be carried out for the
consolidation of investments, as valid closing periods.

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message G0666 - Incorrect consolidation frequency &1 for the amortization of FVA ?

  The SAP error message G0666, which states "Incorrect consolidation frequency &1 for the amortization of FVA," typically arises in the context of financial consolidation processes, particularly when dealing with Fair Value Adjustments (FVA) in the SAP system. This error indicates that there is a mismatch or inconsistency in the consolidation frequency settings for the amortization of the FVA.
  Cause:
  
  Incorrect Configuration: The consolidation frequency set in the system does not match the expected frequency for the amortization of the Fair Value Adjustments.
  Data Entry Errors: There may be incorrect entries in the master data or transaction data related to the FVA.
  Inconsistent Settings: The settings in the consolidation system may not align with the settings in the financial accounting module.
  
  Solution:
  
  
  Check Configuration Settings:
  
  Navigate to the configuration settings for consolidation in SAP.
  Verify the consolidation frequency settings for the relevant entities and ensure they are consistent with the amortization frequency for FVA.
  
  
  
  Review Master Data:
  
  Check the master data for the entities involved in the consolidation process.
  Ensure that the consolidation frequency is correctly defined and matches the expected frequency for FVA amortization.
  
  
  
  Adjust Amortization Settings:
  
  If necessary, adjust the amortization settings for the FVA to align with the consolidation frequency.
  This may involve changing the frequency of amortization or adjusting the related financial entries.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring consolidation frequencies and FVA amortization.
  
  
  
  Testing:
  
  After making changes, perform a test run of the consolidation process to ensure that the error is resolved and that the system behaves as expected.
  
  
  
  Seek Support:
  
  If the issue persists, consider reaching out to SAP support or consulting with a financial systems expert who has experience with SAP consolidation processes.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52 (for fiscal year variant) and OB37 (for defining posting periods) that may help in reviewing and adjusting settings.
  Documentation: Review the SAP Help Portal for detailed documentation on financial consolidation and FVA processes.
  
  By following these steps, you should be able to identify the root cause of the G0666 error and implement the necessary changes to resolve it.