How To Fix FAA_CFG_CHECK506 - Tty &1: Indicators for capitalization and retiremt are mutually exclusive

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 506

• Message text: Tty &1: Indicators for capitalization and retiremt are mutually exclusive

What causes this issue?

For transaction type &V1&, the indicators <LS>Capitalize Fixed Asset</>
and <LS>Retirement with Revenue</> are both set.
However, these two indicators are mutually exclusive.

System Response

The settings cannot be saved.

How to fix this error?

Depending on whether transaction type &V1& is for acquisitions or for
retirements, set only one of the two indicators mentioned above.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CFG_CHECK506 - Tty &1: Indicators for capitalization and retiremt are mutually exclusive ?

  The SAP error message FAA_CFG_CHECK506 indicates a configuration issue in the Asset Accounting (FI-AA) module, specifically related to the settings for capitalization and retirement indicators for assets. This error arises when the system detects that both indicators are set in a way that is not allowed, as they are mutually exclusive.
  Cause:
  The error occurs when:
  
  The asset configuration has both the capitalization and retirement indicators activated simultaneously, which is not permissible.
  This can happen during the configuration of asset classes or when creating or modifying asset master records.
  
  Solution:
  To resolve this error, you need to check and adjust the configuration settings for the asset class or the specific asset master record. Here are the steps to follow:
  
  
  Check Asset Class Configuration:
  
  Go to the transaction code OAOA (for Asset Class Configuration).
  Select the relevant asset class and check the settings for the capitalization and retirement indicators.
  Ensure that only one of the indicators is activated based on your business requirements.
  
  
  
  Review Asset Master Record:
  
  Use transaction code AS02 (Change Asset) to review the specific asset master record that is causing the error.
  Check the settings for capitalization and retirement indicators in the asset master data.
  Adjust the settings to ensure that only one of the indicators is active.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or configuration guides related to Asset Accounting to understand the implications of changing these indicators.
  
  
  
  Testing:
  
  After making the necessary changes, test the asset transactions again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OAOA: Asset Class Configuration
  AS02: Change Asset
  AS01: Create Asset
  AS03: Display Asset
  
  
  
  SAP Notes and Documentation:
  
  Check SAP Notes for any specific updates or patches related to this error message.
  Review the SAP Help Portal for detailed information on Asset Accounting configuration.
  
  
  
  Best Practices:
  
  Regularly review asset class configurations to ensure compliance with business processes.
  Maintain clear documentation of asset configurations to avoid similar issues in the future.
  
  
  
  By following these steps, you should be able to resolve the FAA_CFG_CHECK506 error and ensure proper configuration of your asset accounting settings.