How To Fix RECDIFRS035 - &1 is not relevant for valuation

SAP Error Message - Details

• Message type: E = Error

• Message class: RECDIFRS - Messages: IFRS Calculation

• Message number: 035

• Message text: &1 is not relevant for valuation

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RECDIFRS035 - &1 is not relevant for valuation ?

  The SAP error message RECDIFRS035 indicates that a specific asset or item is not relevant for valuation in the context of the Financial Accounting (FI) or Asset Accounting (AA) modules. This error typically arises when trying to perform a valuation or posting that involves an asset that does not meet the necessary criteria for valuation.
  Cause:
  
  Asset Not Active: The asset may not be active or may have been retired or disposed of.
  Valuation Class: The valuation class assigned to the asset may not be set up correctly or may not be relevant for the valuation process.
  Missing Configuration: There may be missing configuration settings in the asset accounting settings that prevent the asset from being considered for valuation.
  Asset Type: The asset type may not be configured to allow for valuation.
  Period Closing: The asset may be in a closed period, preventing any valuation activities.
  
  Solution:
  
  Check Asset Status: Verify that the asset is active and not retired or disposed of. You can do this by checking the asset master data.
  Review Valuation Class: Ensure that the valuation class assigned to the asset is correctly configured and relevant for the valuation process.
  Configuration Settings: Review the configuration settings in the Asset Accounting module to ensure that all necessary settings are in place for the asset type and valuation class.
  Asset Type Configuration: Check the configuration of the asset type to ensure it is set up to allow for valuation.
  Period Management: Ensure that the posting period is open for the valuation activity you are trying to perform. If the period is closed, you may need to open it or perform the valuation in an open period.
  
  Related Information:
  
  Transaction Codes: You can use transaction codes like AS03 (Display Asset), OAOA (Define Asset Classes), and OAYZ (Define Valuation Areas) to check and modify asset settings.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  Documentation: Review SAP documentation related to Asset Accounting and valuation processes for further insights and best practices.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or refer to SAP community forums for additional assistance.