How To Fix CIAP147 - Finalized asset record & cannot be concluded

SAP Error Message - Details

• Message type: E = Error

• Message class: CIAP - CIAP Message Class

• Message number: 147

• Message text: Finalized asset record & cannot be concluded

What causes this issue?

You are trying to conclude a WBS or an order whose finalized asset
record cannot be concluded. You can only conclude a WBS/Order whose
finalized asset record has its status set to suspended.

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CIAP147 - Finalized asset record & cannot be concluded ?

  The SAP error message CIAP147, which states "Finalized asset record & cannot be concluded," typically occurs in the context of asset accounting when you attempt to perform an action on an asset that has already been finalized. This means that the asset record has been closed for further changes, and certain operations cannot be performed on it.
  Cause:
  
  Finalization of Asset: The asset has been finalized, meaning that it has been fully depreciated or disposed of, and no further changes can be made to its records.
  Incorrect Transaction: You may be trying to execute a transaction that is not allowed on finalized assets, such as trying to post additional transactions or adjustments.
  System Configuration: There may be specific configurations in the asset accounting settings that prevent changes to finalized assets.
  
  Solution:
  
  Check Asset Status: Verify the status of the asset in question. If it is finalized, you will not be able to make further changes. You can check the asset status in the Asset Explorer (transaction code AW01N).
  Review Transactions: Ensure that you are not trying to perform a transaction that is not allowed on finalized assets. If you need to make adjustments, you may need to reverse or create a new asset record.
  Consult Documentation: Review SAP documentation or your organization's asset accounting policies to understand the implications of finalizing an asset and the correct procedures for handling finalized assets.
  Contact Support: If you believe that the asset should not be finalized or if you need to make changes, consult your SAP support team or a functional consultant who specializes in asset accounting for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AW01N (Asset Explorer), AB01 (Post Document), and AB08 (Unplanned Depreciation).
  Asset Accounting Configuration: Review the configuration settings in the Asset Accounting module to understand how finalization is handled in your system.
  Documentation: Refer to SAP Help Portal or your organization's internal documentation for specific guidelines on asset management and accounting practices.
  
  By following these steps, you should be able to address the CIAP147 error and understand the implications of working with finalized asset records in SAP.