How To Fix GLO_FIAA_JP_ANNEX16024 - Only one accounting principle allowed for Annex 16

GLO_FIAA_JP_ANNEX16024 - Overview

• Message type: E = Error

• Message class: GLO_FIAA_JP_ANNEX16 - FIAA G11N Japan - Annex16

• Message number: 024

• Message text: Only one accounting principle allowed for Annex 16

Self-Explanatory Message

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GLO_FIAA_JP_ANNEX16024 - Details

• The SAP error message GLO_FIAA_JP_ANNEX16024 indicates that there is an issue with the accounting principles being used in the context of Japan's Annex 16 reporting requirements. This error typically arises when multiple accounting principles are assigned to a single entity or reporting scenario, which is not permitted under the regulations governing Annex 16.
  
  Cause:
  
  Multiple Accounting Principles: The primary cause of this error is that the system has detected more than one accounting principle assigned to the same entity or reporting scenario. Annex 16 requires that only one accounting principle be used for reporting purposes.
  
  Configuration Issues: There may be a misconfiguration in the settings related to the accounting principles in the SAP system.
  Data Entry Errors: Incorrect data entry during the setup of accounting principles or during the transaction processing can lead to this error.
  
  
  Solution:
  
  Review Accounting Principles: Check the accounting principles assigned to the relevant company code or entity. Ensure that only one