How To Fix FAA_CFG_PARALLEL_VAL003 - No leading area found in chart of depreciation &1


FAA_CFG_PARALLEL_VAL003 - Overview

  • Message type: E = Error

  • Message class: FAA_CFG_PARALLEL_VAL - Messages for BF FIN_AA_PARALLEL_VAL

  • Message number: 003

  • Message text: No leading area found in chart of depreciation &1

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  • Self-Explanatory Message

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    To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

    Unfortunately, there isn't any extra information in this error notice.



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Smart SAP Assistant

  • What is the cause and solution for SAP error message FAA_CFG_PARALLEL_VAL003 - No leading area found in chart of depreciation &1 ?
    The SAP error message FAA_CFG_PARALLEL_VAL003 indicates that there is no leading area found in the chart of depreciation specified in the error message. This typically occurs in the context of Asset Accounting (FI-AA) when dealing with parallel valuation.
    
    Cause: Missing Leading Area: The error suggests that the chart of depreciation (CoD) you are trying to use does not have a leading area defined. In SAP, a leading area is necessary for the system to determine how to handle asset values for different accounting principles (e.g., local GAAP vs. IFRS).
    Configuration Issues: The configuration for the chart of depreciation may not be set up correctly, or the leading area may not have been assigned properly. Incorrect Chart of Depreciation: The chart of depreciation being referenced may not be the correct one for the asset or may not be properly linked to the company code.
    Solution: Check Chart of Depreciation Configuration: Go to the transaction code OAYZ (or navigate

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