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

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.

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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