How To Fix K5047 - Valuation &1 is not defined in controlling area &2

K5047 - Overview

• Message type: E = Error

• Message class: K5 - CO Reconciliation Ledger

• Message number: 047

• Message text: Valuation &1 is not defined in controlling area &2

What causes this issue?

You want to
Select data from controlling area &V2& and
Display the corresponding amounts in valuation &V1&.

System Response

This function is not possible, as a currency- and valuation profile is
assigned to controlling area &V2&, in which the valuation &V1& is not
defined.

How to fix this error?

Choose a valuation that is defined in controlling area &V2&.

Error message extract from SAP system. Copyright SAP SE.

K5047 - Details

• The SAP error message K5047, which states "Valuation &1 is not defined in controlling area &2," typically occurs in the context of controlling (CO) and profitability analysis (CO-PA) when you are trying to perform a transaction that requires a specific valuation method that has not been defined for the specified controlling area.
  
  Cause:
  
  Missing Valuation Definition: The valuation method (indicated by &1) has not been set up in the controlling area (indicated by &2). This can happen if the configuration for the controlling area is incomplete or if the valuation method is not relevant for the specific controlling area.
  Incorrect Configuration: The controlling area may not be properly configured to use the required valuation method, or the valuation method may not be activated for the controlling area.
  Data Entry Error: There may be a mistake in the data entry where the wrong valuation method or controlling area is being referenced.
  
  
  Solution:
  
  
  Check Valuation Method Configuration:
  
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