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 Accounting)
  
  
  
  Review Asset Transactions: Check for any asset transactions that may have been posted to the closed fiscal year. If there are any, they need to be reversed or posted to the correct period.
  
  Transaction Code: AW01N (for Asset Explorer)
  
  
  
  Re-run Year-End Closing: If the year-end closing process was not completed correctly, you may need to re-run it. Ensure that all necessary transactions are posted before doing so.
  
  Transaction Code: AJAB (for Year-End Closing)
  
  
  
  Consult Documentation: Review SAP documentation or notes related to this error message for any specific guidance or patches that may be applicable.
  
  
  Check for OSS Notes: Look for any relevant OSS notes that may address this specific error. SAP frequently releases notes that provide solutions or workarounds for known issues.
  
  
  Contact SAP Support: If the issue persists after trying the above solutions, consider reaching out to SAP support for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OAVC (Asset Accounting Configuration), AW01N (Asset Explorer), and AJAB (Year-End Closing).
  SAP Notes: Regularly check SAP Notes for updates or fixes related to Asset Accounting and fiscal year closing issues.
  User Roles: Ensure that users have the appropriate roles and authorizations to perform transactions related to asset accounting and fiscal year management.
  
  By following these steps, you should be able to identify the cause of the AC442 error and implement a solution to resolve it.