How To Fix KF028 - Value field "&2" is not defined in operating concern "&1"

SAP Error Message - Details

• Message type: E = Error

• Message class: KF -

• Message number: 028

• Message text: Value field "&2" is not defined in operating concern "&1"

What causes this issue?

Value field "&V2&" is assigned to cost component "&V4&" in cost
component structure "&V3&".
The controlling area in which allocation is to be performed is assigned
to operating concern "&V1&".
However, value field "&V2&" has not be defined in operating concern "
&V1&".

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?

Assign a valid value field to the cost component "&V4&" in cost
component structure &V3& for operating concern "&V1&".

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KF028 - Value field "&2" is not defined in operating concern "&1" ?

  The SAP error message KF028, which states "Value field '&2' is not defined in operating concern '&1'," typically occurs in the context of Profitability Analysis (CO-PA) when there is an issue with the configuration of value fields in the operating concern.
  
  Cause:
  
  Missing Value Field Definition: The specified value field (represented by &2) is not defined in the operating concern (represented by &1). This can happen if the value field was deleted or not created in the configuration.
  Incorrect Configuration: The operating concern may not be properly configured to include the value field you are trying to use.
  Data Transfer Issues: If you are trying to transfer data from another module or system, the value field may not have been included in the transfer setup.
  
  
  Solution:
  
  
  Check Value Field Configuration:
  
  Go to the SAP Easy Access screen and navigate to the configuration for the operating concern.
  Use transaction code KEO1 to check the definition of the operating concern