How To Fix FAA_CFG_CHECK203 - Asset cl. &1: LI settlement and inv. measure cannot be set concurrently

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 203

• Message text: Asset cl. &1: LI settlement and inv. measure cannot be set concurrently

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CFG_CHECK203 - Asset cl. &1: LI settlement and inv. measure cannot be set concurrently ?

  The SAP error message FAA_CFG_CHECK203 indicates that there is a configuration issue related to asset accounting, specifically concerning the settings for the asset class in question. The error message states that "LI settlement and inv. measure cannot be set concurrently," which means that the asset class is configured in a way that conflicts with the settings for settlement and inventory measures.
  Cause:
  
  Conflicting Settings: The asset class is configured to allow both "LI settlement" (likely referring to "line item settlement") and "inventory measure" at the same time, which is not permitted in SAP.
  Configuration Error: The asset class settings in the configuration may not be aligned with the business processes or requirements, leading to this conflict.
  Inconsistent Master Data: The asset master data may have been set up incorrectly, leading to this error when trying to perform certain transactions.
  
  Solution:
  
  
  Review Asset Class Configuration:
  
  Go to the configuration settings for the asset class in transaction code OAOA (for asset classes).
  Check the settings for "LI settlement" and "inventory measure." Ensure that only one of these options is enabled at a time, based on your business requirements.
  
  
  
  Adjust Asset Master Data:
  
  If the asset master data has been incorrectly set up, you may need to adjust the settings in transaction code AS02 (Change Asset Master Record).
  Ensure that the asset is assigned to the correct asset class and that the settings are consistent with the configuration.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to asset accounting to understand the implications of the settings for your specific business scenario.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Consult with SAP Support:
  
  If the issue persists after checking the configuration and master data, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OAOA: Configuration of Asset Classes
  AS02: Change Asset Master Record
  AS01: Create Asset Master Record
  AS03: Display Asset Master Record
  
  
  
  Documentation: Refer to SAP Help Portal for detailed information on Asset Accounting configuration and best practices.
  
  
  Community Forums: Check SAP Community or other forums for similar issues and solutions shared by other users.
  
  
  By following these steps, you should be able to resolve the FAA_CFG_CHECK203 error and ensure that your asset accounting configuration is set up correctly.