How To Fix IK003 - No currency specified for cost display

SAP Error Message - Details

• Message type: E = Error

• Message class: IK - Messages for Maintenance and Display of Costs in PM Order

• Message number: 003

• Message text: No currency specified for cost display

What causes this issue?

There are two possible cases here:
No currency could be determined for any of the orders (i.e. the object
currency does not exist).
No currency exists for the controlling area.

System Response

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

How to fix this error?

INCLUDE NA_SYS OBJECT DOKU ID TX LANGUAGE E

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message IK003 - No currency specified for cost display ?

  The SAP error message IK003: No currency specified for cost display typically occurs in the context of cost analysis or reporting in the SAP system, particularly when dealing with cost centers, internal orders, or other cost-related transactions. This error indicates that the system is unable to determine the currency in which to display costs, which can hinder financial reporting and analysis.
  Causes:
  
  Missing Currency Configuration: The currency settings for the relevant cost object (e.g., cost center, internal order) may not be properly configured.
  Master Data Issues: The master data for the cost object may not have a currency assigned, or the currency may not be maintained correctly.
  Transaction Settings: The transaction or report being executed may not have the necessary parameters set to define the currency.
  User Profile Settings: The user profile may not have a default currency set, which can lead to this error when trying to display costs.
  
  Solutions:
  
  
  Check Master Data:
  
  Navigate to the relevant master data (e.g., cost center, internal order) and ensure that the currency is correctly specified.
  Use transaction codes like KS03 (Display Cost Center) or KO03 (Display Internal Order) to verify the currency settings.
  
  
  
  Review Configuration:
  
  Ensure that the currency settings in the controlling area are correctly configured. You can check this in the configuration settings under Controlling (CO).
  Use transaction code OKKP to review the controlling area settings.
  
  
  
  Set Default Currency:
  
  If applicable, set a default currency in the user profile. This can often be done in the user settings or profile configuration.
  
  
  
  Transaction Parameters:
  
  When executing a report or transaction, ensure that the currency parameters are filled in correctly. If the report allows for currency selection, make sure to select the appropriate currency.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific transactions or reports to ensure that all required fields are filled out correctly.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as KSB1 (Cost Centers: Actual Line Items), KOB1 (Orders: Actual Line Items), and S_ALR_87013611 (Cost Centers: Actual/Plan/Variance).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Training: Ensure that users are trained on how to properly set up and maintain cost objects and their associated currencies.
  
  By following these steps, you should be able to resolve the IK003 error and ensure that costs are displayed correctly in the desired currency.