How To Fix CMS_AST038 - Sub-asset last valued date must lie between start date &1 and end date &2

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_AST - Message Class for Asset

• Message number: 038

• Message text: Sub-asset last valued date must lie between start date &1 and end date &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CMS_AST038 - Sub-asset last valued date must lie between start date &1 and end date &2 ?

  The SAP error message CMS_AST038 indicates that there is an issue with the last valued date of a sub-asset in relation to its start and end dates. This error typically arises in the context of asset accounting within the SAP system, particularly when dealing with sub-assets.
  Cause:
  The error occurs when the last valued date of a sub-asset is not within the range defined by the start date and end date of the asset. This can happen due to several reasons:
  
  Incorrect Date Entry: The last valued date may have been entered incorrectly or may not have been updated properly.
  Data Migration Issues: If data was migrated from another system, the dates may not have been aligned correctly.
  Changes in Asset Lifecycle: If there have been changes to the asset's lifecycle (e.g., revaluation, retirement), the last valued date may not reflect the current state of the asset.
  
  Solution:
  To resolve the CMS_AST038 error, you can take the following steps:
  
  
  Check Dates: Verify the start date, end date, and last valued date of the sub-asset. Ensure that the last valued date falls between the start and end dates.
  
  
  Update Last Valued Date: If the last valued date is incorrect, update it to a valid date that lies within the specified range. This can typically be done in the asset master data or through the relevant transaction codes (e.g., AS02 for changing asset master data).
  
  
  Review Asset Transactions: Check any recent transactions related to the asset that may have affected the last valued date. Ensure that all transactions are correctly recorded.
  
  
  Consult Documentation: If you are unsure about the correct dates or how to update them, refer to SAP documentation or consult with your SAP support team for guidance.
  
  
  Data Consistency Check: If the issue persists, consider running a data consistency check or using transaction codes like ABAP reports to identify any inconsistencies in asset data.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for managing asset data.
  SAP Notes: Check SAP Notes for any known issues or patches related to asset accounting that may address this error.
  User Authorization: Ensure that you have the necessary authorizations to make changes to asset data in the SAP system.
  
  By following these steps, you should be able to resolve the CMS_AST038 error and ensure that the asset data is accurate and consistent.