How To Fix VAL813 - Price type and NPV type are not defined for impairment procedure &1

SAP Error Message - Details

• Message type: E = Error

• Message class: VAL - Treasury: Messages for General Valuation

• Message number: 813

• Message text: Price type and NPV type are not defined for impairment procedure &1

What causes this issue?

You want to record an impairment for a position on the basis of
impairment procedure &V1&.
However this impairment procedure does not have a price type for
security prices or a net present value type for net present values.

System Response

Processing is terminated.

How to fix this error?

Check the settings for impairment procedure &V1&.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message VAL813 - Price type and NPV type are not defined for impairment procedure &1 ?

  The SAP error message VAL813 indicates that there is a configuration issue related to the impairment procedure in the Asset Accounting module. Specifically, it means that the system cannot find the necessary definitions for the price type and the Net Present Value (NPV) type for the specified impairment procedure.
  Cause:
  
  Missing Configuration: The price type and NPV type have not been defined for the impairment procedure you are trying to use.
  Incorrect Assignment: The impairment procedure may not be correctly assigned to the asset or asset class.
  Custom Configuration: If you are using a custom impairment procedure, it may not have been set up correctly in the system.
  
  Solution:
  To resolve the VAL813 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) by using transaction code SPRO.
  Navigate to Financial Accounting (New) > Asset Accounting > Valuation > Define Impairment Procedures.
  Ensure that the impairment procedure you are using is correctly configured with the necessary price type and NPV type.
  
  
  
  Define Price Type and NPV Type:
  
  In the same configuration area, check if the price type and NPV type are defined for the impairment procedure.
  If they are not defined, you will need to create or assign the appropriate price type and NPV type.
  
  
  
  Assign Impairment Procedure:
  
  Ensure that the impairment procedure is correctly assigned to the relevant asset class or individual asset.
  You can check this in the asset master data (transaction code AS03 to display an asset).
  
  
  
  Testing:
  
  After making the necessary changes, test the impairment procedure again to see if the error persists.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct settings, refer to SAP documentation or consult with your SAP functional consultant for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  AS03 - Display Asset
  SPRO - SAP Customizing Implementation Guide
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  By following these steps, you should be able to resolve the VAL813 error and ensure that your impairment procedures are correctly configured in SAP.