How To Fix AC442 - The closed fiscal year in company code &1 was reset to &2

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 442

• Message text: The closed fiscal year in company code &1 was reset to &2

What causes this issue?

The closed fiscal year was reset for all depreciation areas to
the year &V2& in company code &V1&.

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?

Use the function "Year-end close" to reset it higher.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC442 - The closed fiscal year in company code &1 was reset to &2 ?

  The SAP error message AC442 indicates that the closed fiscal year in a specific company code has been reset to a different year. This typically occurs in the context of Asset Accounting (FI-AA) when there are inconsistencies or issues with the fiscal year settings or asset transactions.
  
  Cause:
  
  Incorrect Configuration: The fiscal year settings in the company code may not be configured correctly, leading to discrepancies.
  Posting Errors: There may have been attempts to post transactions to a closed fiscal year, which can trigger this error.
  Year-End Closing Issues: If the year-end closing process was not completed properly, it could lead to this error.
  Manual Changes: Manual changes to the fiscal year settings or asset master records can also cause this issue.
  
  
  Solution:
  
  
  Check Fiscal Year Settings: Verify the fiscal year settings in the company code configuration. Ensure that the fiscal year is correctly defined and that the periods are set up properly.
  
  Transaction Code: OAVC (for Asset