How To Fix AU037 - Asset &1-&2 in company code &3 (error in determining base ins. value)

AU037 - Overview

• Message type: E = Error

• Message class: AU - FI-AA utility program error messages

• Message number: 037

• Message text: Asset &1-&2 in company code &3 (error in determining base ins. value)

What causes this issue?

An error occurred during determination of the base insurable value for
asset &V1&-&V2& in company code &V3&. The base insurable value for this
asset could not be updated.
Usually missing index figures are the cause for this error.

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 insurance specifications using master data maintenance. You
should analyze the error by using the <LS>fiscal year change</>
function in the screen for the insurance specifications.

Error message extract from SAP system. Copyright SAP SE.

AU037 - Details

• The SAP error message AU037 indicates that there is an issue with determining the base insurance value for an asset in a specific company code. This error typically arises during asset accounting processes, particularly when trying to calculate or display insurance values for fixed assets.
  
  Cause:
  The error can be caused by several factors, including:
  
  Missing or Incorrect Configuration: The insurance value may not be properly configured in the asset master data or in the relevant settings for the company code.
  Incomplete Asset Master Data: Required fields in the asset master data may be missing or incorrectly filled out, leading to issues in calculating the base insurance value.
  Valuation Area Issues: The valuation area may not be set up correctly, or there may be inconsistencies between the asset and the valuation area.
  Depreciation Areas: The depreciation areas may not be configured correctly, or there may be issues with the settings related to insurance values in the