How To Fix KV002 - Fiscal year variant & does not exist. Check the assignment

KV002 - Overview

• Message type: E = Error

• Message class: KV - Variance Analysis for Cost Centers and Cost Objects

• Message number: 002

• Message text: Fiscal year variant & does not exist. Check the assignment

What causes this issue?

There is no fiscal year variant for the
<DS:GLOS.controlling_area>controlling area</> you entered.

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?

Go into Customizing and assign a valid fiscal year variant to the
controlling area.

Error message extract from SAP system. Copyright SAP SE.

KV002 - Details

• The SAP error message KV002, which states "Fiscal year variant & does not exist. Check the assignment," typically occurs when there is an issue with the fiscal year variant configuration in the SAP system. This error can arise in various contexts, such as during the posting of financial transactions or when generating reports.
  
  Cause:
  
  Missing Fiscal Year Variant: The fiscal year variant specified in the transaction or configuration does not exist in the system.
  Incorrect Assignment: The fiscal year variant may not be correctly assigned to the company code or controlling area.
  
  Configuration Issues: There may be issues in the configuration settings related to the fiscal year variant in the Financial Accounting (FI) or Controlling (CO) modules.
  Data Entry Errors: A typo or incorrect entry in the fiscal year variant field can lead to this error.
  
  
  Solution:
  
  
  Check Fiscal Year Variant:
  
  Go to the transaction code OB29 (for FI) or OKKP (for CO) to check the existing fiscal