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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message KV002 - Fiscal year variant & does not exist. Check the assignment ?

  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 year variants.
  Ensure that the fiscal year variant you are trying to use is listed and correctly configured.
  
  
  
  Assign Fiscal Year Variant:
  
  If the fiscal year variant is missing, you may need to create it or assign it to the relevant company code or controlling area.
  Use transaction code OBY6 to assign the fiscal year variant to the company code.
  
  
  
  Verify Configuration:
  
  Ensure that the fiscal year variant is properly configured with the correct start and end dates, as well as the number of posting periods.
  Check for any inconsistencies in the configuration that might lead to this error.
  
  
  
  Check for Typos:
  
  Review the entry for the fiscal year variant in the transaction where the error occurred to ensure there are no typographical errors.
  
  
  
  Consult Documentation:
  
  If you are unsure about the fiscal year variant settings, refer to SAP documentation or consult with your SAP administrator or functional consultant.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB29: Define Fiscal Year Variants
  OBY6: Assign Fiscal Year Variant to Company Code
  OKKP: Maintain Controlling Area
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to fiscal year variants.
  User Roles: Ensure that you have the necessary authorizations to view and modify fiscal year variant settings.
  
  By following these steps, you should be able to resolve the KV002 error and ensure that the fiscal year variant is correctly set up in your SAP system.