How To Fix AC362 - Cutoff value key & is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 362

• Message text: Cutoff value key & is not defined

What causes this issue?

Cutoff value key &V1& that you entered is not defined.

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?

Correct your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC362 - Cutoff value key & is not defined ?

  The SAP error message AC362, which states "Cutoff value key & is not defined," typically occurs in the context of Asset Accounting (FI-AA) when the system is unable to find a defined cutoff value key for a specific asset or transaction. This can happen during processes such as asset transfers, retirements, or during the execution of year-end closing activities.
  Cause:
  
  Missing Configuration: The cutoff value key has not been defined in the system. This key is necessary for the system to determine how to handle the cutoff values for asset transactions.
  Incorrect Asset Master Data: The asset master record may not have the appropriate cutoff value key assigned.
  Customizing Issues: There may be issues in the customizing settings related to asset accounting that prevent the cutoff value key from being recognized.
  
  Solution:
  
  
  Define Cutoff Value Key:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Cutoff Values > Define Cutoff Value Keys.
  Create a new cutoff value key or modify an existing one to ensure it meets your business requirements.
  
  
  
  Check Asset Master Data:
  
  Use transaction code AS03 to display the asset master record.
  Verify that the cutoff value key is correctly assigned in the asset master data. If it is missing, you may need to update the asset master record using transaction code AS02.
  
  
  
  Review Customizing Settings:
  
  Ensure that all necessary customizing settings related to asset accounting are correctly configured. This includes checking the settings for asset classes and any related parameters.
  
  
  
  Consult Documentation: If you are unsure about the specific configuration or the implications of the cutoff value key, refer to SAP documentation or consult with your SAP support team.
  
  
  Related Information:
  
  Transaction Codes: 
  
  AS03: Display Asset Master Record
  AS02: Change Asset Master Record
  SPRO: Access the SAP Customizing Implementation Guide
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  Testing: After making changes, perform a test transaction to ensure that the error is resolved and that the system behaves as expected.
  
  By following these steps, you should be able to resolve the AC362 error and ensure that your asset accounting processes function smoothly.