How To Fix AA654 - SYST: Error when calculating first day in fiscal period --> F1

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 654

• Message text: SYST: Error when calculating first day in fiscal period --> F1

What causes this issue?

An error occurred when calculating the first day of the fiscal period
&V2& &V1& in period version &V3&.

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?

Three things could lead to this error:
The period version &V2& allocated to the company code has not been
created. In this case, you should create the period version.
The period version has been created, however the allocation of calendar
dates to the fiscal periods has not been correctly performed, or in
particular in calendar-dependent period versions has not been
completely performed. The first day of a fiscal period is determined
from the last day of the previous fiscal period. Therefore, with
calendar-dependent period versions, to determine the first day of
fiscal period 1 the last fiscal period in the previous fiscal year has
to be maintained.
Fiscal period &V2& &V1& is invalid. This is a system error. Please
contact your Systems Specialist.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA654 - SYST: Error when calculating first day in fiscal period --> F1 ?

  The SAP error message AA654 indicates that there is an issue with calculating the first day of a fiscal period in the Asset Accounting (AA) module. This error typically arises when there are inconsistencies or misconfigurations in the fiscal year variant or the asset master data.
  
  Cause:
  
  Fiscal Year Variant Issues: The fiscal year variant may not be correctly defined or may not match the settings in the Asset Accounting configuration.
  Period Locking: The period for which the transaction is being processed may be locked or closed in the financial accounting module.
  Incorrect Asset Master Data: The asset master data may have incorrect or incomplete information, particularly regarding the fiscal year or period settings.
  Configuration Errors: There may be configuration errors in the Asset Accounting settings, such as incorrect assignment of fiscal year variants to company codes.
  
  
  Solution:
  
  
  Check Fiscal Year Variant:
  
  Go to the configuration settings for the fiscal year variant in SAP (Transaction code: OB29).
  Ensure that