How To Fix AC294 - Perform deprecation recalculation for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 294

• Message text: Perform deprecation recalculation for company code &1

What causes this issue?

You reset company code &V1& withe the 'Delete line items only' option.
In this case, only transaction data is deleted. Planned, posted and
accumulated depreciation values are not changed. In order for your data
to be consistent, therefore, you have to recalculate depreciation
values.
Important:
If you deleted the line items of more than one year, you have to
execute the recalculation of depreciation starting with the first year
in which line items were deleted (&V2&). If fiscal years are already
closed, you have to reopen them before recalculating values. If there
are problems afterward, SAP recommends resetting the company code
completely, in order to avoid later errors due to inconsistencies.

How to fix this error?

Start report RAAFAR00 or transaction AFAR in update mode for company
code &V1&. Remember that an update run is only possible as background
processing.

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 AC294 - Perform deprecation recalculation for company code &1 ?

  The SAP error message AC294, which states "Perform deprecation recalculation for company code &1," typically occurs in the context of asset accounting. This message indicates that there is a need to recalculate the depreciation for assets in a specific company code due to changes in the asset's parameters or accounting policies.
  Cause:
  
  Changes in Asset Parameters: If there have been changes to the asset master data, such as useful life, depreciation method, or acquisition value, the system may require a recalculation of depreciation.
  Changes in Company Code Settings: Adjustments in the company code settings related to depreciation or accounting policies can trigger this message.
  Year-End Closing Activities: If the fiscal year has been closed and there are pending depreciation calculations, this message may appear.
  Manual Adjustments: Manual adjustments to asset values or depreciation settings can also lead to this error.
  
  Solution:
  To resolve the AC294 error, you should perform the following steps:
  
  
  Recalculate Depreciation:
  
  Go to the transaction code AFAB (Depreciation Run).
  Select the appropriate company code and execute the depreciation run for the relevant period.
  Ensure that all necessary parameters are correctly set before executing the run.
  
  
  
  Check Asset Master Data:
  
  Review the asset master data for any inconsistencies or changes that may require recalculation.
  Use transaction code AS02 to display and edit asset master data.
  
  
  
  Review Company Code Settings:
  
  Check the company code settings related to asset accounting to ensure they are correctly configured.
  Use transaction code OAYZ to access the configuration settings for asset accounting.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to asset accounting and depreciation recalculation for any specific guidelines or updates.
  
  
  
  Run Reports:
  
  Use reports such as S_ALR_87011963 (Asset History Sheet) to analyze the asset's depreciation history and identify any discrepancies.
  
  
  
  Contact Support:
  
  If the issue persists after performing the above steps, consider reaching out to your SAP support team or consulting SAP Notes for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AFAB: Depreciation Run
  AS02: Change Asset Master Data
  OAYZ: Company Code Settings for Asset Accounting
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to depreciation recalculation.
  Documentation: Review the SAP Help Portal for detailed information on asset accounting and depreciation processes.
  
  By following these steps, you should be able to resolve the AC294 error and ensure that the depreciation for the specified company code is correctly recalculated.