How To Fix KY040 - For field '&1', no characteristic value '&2' exists

KY040 - Overview

• Message type: E = Error

• Message class: KY - Messages for SAP-EIS: Presentation

• Message number: 040

• Message text: For field '&1', no characteristic value '&2' exists

What causes this issue?

Characteristic value '&V2&' has not been entered in the master data for
field '&V1&'.
Compound characteristics are a particular sort of characteristic where
the characteristic value of one characteristic is always evaluated in
connection with the value of one or more other characteristics. This is
made clear in the possible entries (F4) where several columns of
characteristics are displayed. In this particular case, the
characteristic value you chose may be displayed separately but not in
combination with the characteristic values which you chose for the
other characteristics.

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?

Check your entry. If you meant to enter another characteristic value,
change your entry. You cannot use characteristic value '&V2&' until
you have created it in master data maintenance.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KY040 - For field '&1', no characteristic value '&2' exists ?

  The SAP error message KY040 indicates that a characteristic value specified in a report or transaction does not exist in the system. This typically occurs in the context of Profitability Analysis (CO-PA) or when working with characteristics in various SAP modules.
  
  Cause:
  The error message KY040 is triggered when:
  
  A characteristic value that is being referenced in a report or transaction is not defined in the system.
  The characteristic itself may not be assigned to the relevant master data or may not be activated.
  There may be a mismatch between the characteristic values in the data being processed and those defined in the system.
  
  
  Solution:
  To resolve the KY040 error, you can take the following steps:
  
  
  Check Characteristic Definition:
  
  Go to the transaction code CT04 (Characteristic) and verify if the characteristic (&1) is defined correctly.
  Ensure that the characteristic value (&2) exists in the system.
  
  
  
  Review Master Data:
  
  Check the relevant master data (e.g., material master, customer master) to ensure that the