How To Fix K-247 - No risk categories could be derived from the limit characteristics

SAP Error Message - Details

• Message type: E = Error

• Message class: K- -

• Message number: 247

• Message text: No risk categories could be derived from the limit characteristics

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message K-247 - No risk categories could be derived from the limit characteristics ?

  The SAP error message K-247 "No risk categories could be derived from the limit characteristics" typically occurs in the context of SAP Controlling (CO) when working with Profitability Analysis (CO-PA) or similar modules that involve risk management and limit characteristics.
  Cause:
  This error generally indicates that the system is unable to derive risk categories based on the limit characteristics defined in the system. This can happen due to several reasons:
  
  Missing Configuration: The risk categories or limit characteristics may not be properly configured in the system.
  Data Inconsistencies: There may be inconsistencies or missing data in the master data or transaction data that prevent the system from deriving the necessary risk categories.
  Incorrect Settings: The settings in the controlling area or the specific configuration for risk management may not be correctly set up.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to access the required data or configurations.
  
  Solution:
  To resolve the K-247 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for risk management in SAP. Ensure that the risk categories and limit characteristics are correctly defined.
  Verify that the necessary customizing settings are in place for the controlling area.
  
  
  
  Review Master Data:
  
  Check the master data related to the limit characteristics. Ensure that all required fields are filled and that there are no inconsistencies.
  Validate that the relevant characteristics are assigned to the appropriate risk categories.
  
  
  
  Analyze Transaction Data:
  
  Look into the transaction data that is being processed when the error occurs. Ensure that the data is complete and consistent.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to access the relevant data and configurations.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring risk categories and limit characteristics.
  
  
  
  Debugging:
  
  If the issue persists, consider using debugging tools to trace the error and identify the exact point of failure in the derivation process.
  
  
  
  SAP Notes:
  
  Check the SAP Support Portal for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OKKP (Controlling Area) and KOB1 (Order Information System) to review configurations and data.
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered similar issues.
  Training and Documentation: Consider training sessions or documentation on SAP CO-PA and risk management to better understand the underlying concepts and configurations.
  
  By following these steps, you should be able to identify and resolve the cause of the K-247 error in SAP.