How To Fix CMS_FOB000 - Asset &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_FOB - Asset as Financed objects

• Message number: 000

• Message text: Asset &1 does not exist

What causes this issue?

The asset (collateral object) &V1& that is financed by the specified
receivable, is not maintained.

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?

You must maintain the assets that are financed by the receivables.

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 CMS_FOB000 - Asset &1 does not exist ?

  The SAP error message CMS_FOB000 Asset &1 does not exist typically indicates that the system is unable to find the asset specified by the asset number (&1) in the Asset Accounting module. This can occur for several reasons, and here are some common causes, solutions, and related information:
  Causes:
  
  Incorrect Asset Number: The asset number entered may be incorrect or mistyped.
  Asset Not Created: The asset may not have been created in the system yet.
  Asset Deletion: The asset may have been deleted or archived.
  Company Code Issues: The asset may not exist in the specified company code.
  Authorization Issues: The user may not have the necessary authorizations to view the asset.
  Data Consistency Issues: There may be inconsistencies in the database or issues with data migration.
  
  Solutions:
  
  Verify Asset Number: Double-check the asset number for any typographical errors.
  Check Asset Creation: Ensure that the asset has been created in the system. You can do this by using transaction code AS03 (Display Asset) to see if the asset exists.
  Review Company Code: Make sure you are looking for the asset in the correct company code. Assets are company code-specific.
  Check Deletion/Archiving: If the asset was deleted or archived, you may need to restore it or check the archive for historical data.
  Authorization Check: Ensure that you have the necessary permissions to access the asset. You may need to contact your system administrator for assistance.
  Data Consistency Check: If you suspect data consistency issues, you may need to run consistency checks or consult with your SAP Basis team to investigate further.
  
  Related Information:
  
  Transaction Codes:
  
  AS03: Display Asset
  AS01: Create Asset
  AS02: Change Asset
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to asset management.
  Documentation: Refer to SAP Help documentation for Asset Accounting for more detailed information on asset management processes.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.