How To Fix AC760 - Closed fiscal years cannot be reset

AC760 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 760

• Message text: Closed fiscal years cannot be reset

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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AC760 - Details

• The SAP error message AC760, which states "Closed fiscal years cannot be reset," typically occurs in the context of asset accounting when you attempt to make changes to asset data or perform certain transactions that affect closed fiscal years. Here’s a breakdown of the cause, potential solutions, and related information:
  
  Cause:
  
  
  Closed Fiscal Year: The error indicates that you are trying to perform an action (like resetting an asset's depreciation or changing asset master data) in a fiscal year that has already been closed. In SAP, once a fiscal year is closed, certain transactions cannot be reversed or modified to maintain the integrity of financial reporting.
  
  
  Configuration Settings: The system settings may prevent any changes to closed fiscal years to ensure compliance with accounting standards.
  
  
  
  Solution:
  
  
  Check Fiscal Year Status: Verify the status of the fiscal year in question. You can do this by checking the fiscal year variant settings in the configuration. If the