How To Fix AW026 - Asset &1 - &2 has no prior-year values for area &3

SAP Error Message - Details

• Message type: E = Error

• Message class: AW - AuC messages

• Message number: 026

• Message text: Asset &1 - &2 has no prior-year values for area &3

What causes this issue?

You tried to access values from the prior years for an asset under
construction. However, the asset does not have any values.

System Response

Processing is terminated.

How to fix this error?

There is an internal error in the determination of prior-year values.
Contact the SAP Hotline.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AW026 - Asset &1 - &2 has no prior-year values for area &3 ?

  The SAP error message AW026 indicates that there are no prior-year values for a specific asset in a given area. This typically occurs during asset accounting processes, such as when you are trying to perform a transaction that requires historical data for the asset in question.
  Cause:
  
  Missing Prior-Year Values: The asset does not have any values recorded for the previous fiscal year in the specified area (e.g., depreciation area).
  New Asset: The asset may have been created recently and does not have any historical data.
  Data Migration Issues: If data was migrated from another system, prior-year values may not have been transferred correctly.
  Configuration Issues: The configuration for the asset accounting module may not be set up to handle prior-year values correctly.
  
  Solution:
  
  Check Asset Master Data: Review the asset master data to ensure that it has been set up correctly and that the necessary prior-year values are populated.
  Run Year-End Closing: If the fiscal year has not been closed properly, ensure that the year-end closing process has been completed for the previous year.
  Manual Entry: If the asset is new and should have prior-year values, you may need to manually enter the values for the previous year in the relevant depreciation area.
  Data Migration Review: If the asset data was migrated, verify that the migration process included prior-year values and correct any discrepancies.
  Consult Configuration: Check the configuration settings in the Asset Accounting module to ensure that it is set up to handle prior-year values correctly.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as AS02 (Change Asset), AS03 (Display Asset), or AJAB (Year-End Closing) to manage asset data and perform necessary actions.
  Depreciation Areas: Understand the different depreciation areas configured in your system and how they relate to the asset in question.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Refer to SAP documentation for Asset Accounting for detailed guidance on managing assets and understanding the implications of prior-year values.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a functional consultant specializing in Asset Accounting.