How To Fix KQ427 - Enter a valuation strategy

SAP Error Message - Details

• Message type: E = Error

• Message class: KQ - Error Messages for Customizing Product Costing

• Message number: 427

• Message text: Enter a valuation strategy

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message KQ427 - Enter a valuation strategy ?

  The SAP error message KQ427, which states "Enter a valuation strategy," typically occurs in the context of the SAP Controlling (CO) module, particularly when dealing with product costing or material valuation. This error indicates that the system requires a valuation strategy to be defined for the material or product in question, but it has not been provided.
  Cause:
  
  Missing Valuation Strategy: The most common cause of this error is that the valuation strategy has not been defined for the material in the material master record or in the relevant configuration settings.
  Incorrect Configuration: The valuation strategy may not be properly configured in the system settings, leading to the inability to retrieve or apply the necessary valuation strategy.
  Data Entry Error: There may be a data entry error where the valuation strategy field was left blank or incorrectly filled.
  
  Solution:
  To resolve the KQ427 error, you can follow these steps:
  
  
  Check Material Master Record:
  
  Go to the material master record (transaction code MM03).
  Check the accounting view and ensure that a valuation strategy is defined for the material.
  If it is missing, you can update the material master with the appropriate valuation strategy.
  
  
  
  Define Valuation Strategy:
  
  If you need to define a new valuation strategy, you can do this in the configuration settings.
  Navigate to the configuration path: SPRO > IMG > Controlling > Product Cost Controlling > Cost Object Controlling > Define Valuation Strategies.
  Here, you can create or modify valuation strategies as needed.
  
  
  
  Review Configuration Settings:
  
  Ensure that the valuation strategy is correctly linked to the relevant costing variant and that all necessary settings are in place.
  Check if the valuation strategy is assigned to the appropriate costing type.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to product costing and valuation strategies for additional guidance.
  
  
  
  Testing:
  
  After making the necessary changes, test the process again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Valuation Strategies: These are rules that determine how costs are calculated for materials and products. They can include various methods such as standard costing, moving average, or FIFO.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as MM03 (Display Material), MM02 (Change Material), and CK11N (Create Material Cost Estimate) for managing material data.
  SAP Notes: Check for any SAP Notes related to this error message for specific patches or updates that may address known issues.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in SAP Controlling.