How To Fix AO016 - Company code currency &1 was adopted

SAP Error Message - Details

• Message type: E = Error

• Message class: AO - Appropriation requests - Master data / Customizing

• Message number: 016

• Message text: Company code currency &1 was adopted

What causes this issue?

The system adopted company code currency &V1& as the object currency.

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?

Check the object currency that was adopted.
Note:
The object currency is currently not used for planning on appropriation
requests. The object currency, however, is transferred to measures when
measures are created.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AO016 - Company code currency &1 was adopted ?

  The SAP error message AO016 indicates that the company code currency has been adopted, which typically means that there is an issue related to the currency settings for a specific company code in the Asset Accounting (FI-AA) module. This error can occur during various transactions, such as when trying to post an asset transaction or when performing a year-end closing.
  Cause:
  The error message AO016 usually arises due to one of the following reasons:
  
  
  Currency Configuration: The company code may not have the correct currency settings configured in the system. This can happen if the currency is not set up properly in the company code settings.
  
  
  Asset Master Data: The asset master data may have been created with a currency that does not match the company code currency.
  
  
  Transaction Currency: The transaction being processed may be in a different currency than what is defined for the company code.
  
  
  Currency Type: The currency type used in the transaction may not be compatible with the company code currency settings.
  
  
  Solution:
  To resolve the AO016 error, you can take the following steps:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Company Code > Edit, Copy, Delete, Check Company Code).
  Verify that the currency settings for the company code are correct. Ensure that the local currency is set properly.
  
  
  
  Review Asset Master Data:
  
  Use transaction code AS02 to display the asset master data.
  Check the currency field in the asset master record to ensure it matches the company code currency.
  
  
  
  Verify Transaction Currency:
  
  If you are processing a transaction, check the currency being used in the transaction. Ensure it aligns with the company code currency.
  
  
  
  Adjust Currency Type:
  
  If applicable, check the currency type being used in the transaction and ensure it is compatible with the company code settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific notes related to the AO016 error, as there may be additional context or updates provided by SAP.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above settings, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (Company Code Settings), AS02 (Change Asset), and AS01 (Create Asset).
  SAP Notes: Check for any SAP Notes related to the AO016 error for additional troubleshooting steps or patches.
  Documentation: Review the SAP Help Portal for detailed information on Asset Accounting and currency settings.
  
  By following these steps, you should be able to identify and resolve the issue causing the AO016 error in SAP.