How To Fix AU118 - Base insurable value cannot be recalculated in company code &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 118

• Message text: Base insurable value cannot be recalculated in company code &

What causes this issue?

No base insurable value can be recalculated for company code &V1&,
because:
The company code does not use the revaluation method
Fiscal year &V2& is not the last fiscal year closed for the base
depreciation areas.

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 your entries. Base insurable values can only be recalculated for
the last fiscal year closed, without reopening the fiscal year.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AU118 - Base insurable value cannot be recalculated in company code & ?

  The SAP error message AU118, which states "Base insurable value cannot be recalculated in company code &," typically occurs in the context of Asset Accounting (FI-AA) when there is an issue with the calculation of the base insurable value for an asset in a specific company code. This error can arise due to various reasons, including configuration issues, missing data, or inconsistencies in asset master data.
  Causes:
  
  Missing Configuration: The company code may not be properly configured for asset accounting, leading to issues in recalculating values.
  Incorrect Asset Master Data: The asset master record may have missing or incorrect information, such as the base value or insurance details.
  Inconsistent Data: There may be inconsistencies in the asset's historical data or transactions that prevent recalculation.
  Authorization Issues: The user may not have the necessary authorizations to perform the recalculation.
  System Settings: Certain system settings or parameters may not allow for recalculation under specific conditions.
  
  Solutions:
  
  Check Configuration: Ensure that the company code is correctly configured for asset accounting. This includes checking the settings for insurance and base values.
  Review Asset Master Data: Verify that all required fields in the asset master record are filled out correctly. Pay special attention to the base value and insurance-related fields.
  Analyze Transaction History: Look into the asset's transaction history for any inconsistencies or errors that may affect the recalculation.
  User Authorizations: Confirm that the user attempting the recalculation has the necessary permissions to perform this action.
  Consult Documentation: Refer to SAP documentation or notes related to asset accounting and the specific error message for additional guidance.
  SAP Support: If the issue persists, consider reaching out to SAP support for assistance, especially if it appears to be a system bug or requires deeper technical investigation.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to manage asset master data.
  SAP Notes: Search for SAP Notes related to error AU118 in the SAP Support Portal for any patches or updates that may address the issue.
  Documentation: Review the SAP Asset Accounting documentation for best practices and guidelines on managing insurable values and asset configurations.
  
  By following these steps, you should be able to identify the root cause of the AU118 error and implement the necessary solutions to resolve it.