How To Fix ACC_AA001 - Enter either a company code or an accounting principle

SAP Error Message - Details

• Message type: E = Error

• Message class: ACC_AA - Message Class for Function Group ACC_AA

• Message number: 001

• Message text: Enter either a company code or an accounting principle

What causes this issue?

You entered either both a company code and an accounting principle, or
neither a company code nor an accounting principle and at the same time
you chose neither the "PostDirect" indicator nor the "Der.=Real" (Treat
Derived Depreciation Area as Real Area) indicator.
These entries are not allowed. In this screen, you have to make an
entry in either one or the other of the two fields, or set one of the
indicators.

System Response

Error message

How to fix this error?

Enter either a company code or an accounting principle, but not both.
Or, do not enter any target data, but then you have to choose one of
the indicators.
&Hint&
You can only set the <ZK>Treat Derived Depreciation Area as Real Area
</> indicator for derived depreciation areas. The system removes this
indicator during the input check if the source area is not a derived
depreciation area.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ACC_AA001 - Enter either a company code or an accounting principle ?

  The SAP error message ACC_AA001 indicates that the system requires either a company code or an accounting principle to be specified in the context of asset accounting. This error typically occurs when you are trying to perform an action related to asset accounting, such as creating or modifying an asset, and the necessary information is missing.
  Cause:
  
  Missing Company Code: The company code is a key organizational unit in SAP that represents a legal entity. If this is not specified, the system cannot determine the context for the asset.
  Missing Accounting Principle: The accounting principle defines the rules and regulations under which financial statements are prepared. If this is not provided, the system cannot process the asset correctly.
  Configuration Issues: There may be configuration issues in the asset accounting settings that prevent the system from recognizing the company code or accounting principle.
  
  Solution:
  
  Enter Company Code: Ensure that you have entered a valid company code in the relevant field. This is usually required in asset master data or during asset transactions.
  Enter Accounting Principle: If applicable, specify the accounting principle that should be used for the asset. This can often be found in the asset master data or in the transaction you are trying to execute.
  Check Configuration: Review the configuration settings in the Asset Accounting module to ensure that the company code and accounting principles are properly defined and linked.
  Transaction Context: Make sure you are in the correct transaction context where these fields are required. For example, if you are using a specific transaction code, ensure that it is designed to handle asset accounting.
  
  Related Information:
  
  Transaction Codes: Common transaction codes related to asset accounting include:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  
  
  Configuration Path: You can check the configuration for asset accounting in the SAP IMG (Implementation Guide) under:
  
  Financial Accounting (New) > Asset Accounting > Master Data > Define Accounting Principles.
  
  
  Documentation: Refer to SAP Help documentation for detailed information on asset accounting and the specific requirements for company codes and accounting principles.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Asset Accounting.