How To Fix FAA_CFG_CHECK116 - Chart of depreciation &1 is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_CFG_CHECK - Message Class for consistency check of CFG objects

• Message number: 116

• Message text: Chart of depreciation &1 is not defined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CFG_CHECK116 - Chart of depreciation &1 is not defined ?

  The SAP error message FAA_CFG_CHECK116 indicates that the chart of depreciation specified in the system is not defined. This error typically occurs in the context of Asset Accounting (FI-AA) when trying to perform operations related to fixed assets, such as creating or modifying asset master records.
  Cause:
  
  Missing Chart of Depreciation: The chart of depreciation referenced in the asset master record or transaction is not defined in the system.
  Configuration Issues: The chart of depreciation may not have been properly configured in the system.
  Incorrect Assignment: The chart of depreciation may not be assigned to the company code or may be incorrectly referenced in the asset master data.
  
  Solution:
  To resolve the FAA_CFG_CHECK116 error, follow these steps:
  
  
  Check Chart of Depreciation Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO ? IMG ? Financial Accounting ? Asset Accounting ? Integration ? Define Chart of Depreciation.
  Ensure that the chart of depreciation you are trying to use is defined and configured correctly.
  
  
  
  Assign Chart of Depreciation to Company Code:
  
  In the same configuration area, check if the chart of depreciation is assigned to the relevant company code.
  Navigate to SPRO ? IMG ? Financial Accounting ? Asset Accounting ? Integration ? Assign Chart of Depreciation to Company Code.
  Make sure that the chart of depreciation is assigned to the correct company code.
  
  
  
  Check Asset Master Data:
  
  Review the asset master record to ensure that the correct chart of depreciation is specified.
  You can do this by using transaction code AS02 (Change Asset) and checking the relevant fields.
  
  
  
  Create or Modify Chart of Depreciation:
  
  If the chart of depreciation does not exist, you may need to create it using the configuration path mentioned above.
  Ensure that all necessary settings, such as depreciation areas and methods, are properly defined.
  
  
  
  Transport Requests:
  
  If you are working in a development environment, ensure that any changes made to the chart of depreciation are included in a transport request and moved to the production environment.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  AS01 (Create Asset)
  AS02 (Change Asset)
  AS03 (Display Asset)
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for detailed information on configuring charts of depreciation and related settings.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error.
  
  By following these steps, you should be able to resolve the FAA_CFG_CHECK116 error and ensure that the chart of depreciation is correctly defined and assigned in your SAP system.