How To Fix FAA_CMP008 - Company code status &1 is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_CMP - Asset Accounting: Configuration Object Company Code

• Message number: 008

• Message text: Company code status &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_CMP008 - Company code status &1 is not defined ?

  The SAP error message FAA_CMP008 indicates that the company code status for the specified company code is not defined in the system. This error typically occurs in the context of Asset Accounting (FI-AA) when trying to perform operations related to fixed assets, such as creating, changing, or posting transactions.
  Cause:
  
  Company Code Not Defined: The company code you are trying to use does not have a status defined in the system.
  Configuration Issues: The company code may not be properly configured in the Asset Accounting settings.
  Inactive Company Code: The company code might be set to inactive or not fully set up for Asset Accounting.
  
  Solution:
  To resolve the FAA_CMP008 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Settings > Define Company Code).
  Ensure that the company code in question is defined and active.
  
  
  
  Check Asset Accounting Settings:
  
  Use transaction code OAYZ to check the settings for Asset Accounting.
  Ensure that the company code is assigned to the correct controlling area and that all necessary configurations are in place.
  
  
  
  Define Company Code Status:
  
  If the company code is not defined, you may need to define its status. This can typically be done in the configuration settings for Asset Accounting.
  Navigate to SPRO > Financial Accounting > Asset Accounting > Master Data > Define Company Code Status and ensure that the status for the company code is set correctly.
  
  
  
  Check for Inactive Company Codes:
  
  If the company code is inactive, you may need to activate it or ensure that it is properly set up for use in Asset Accounting.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any additional configuration steps that may be required for your specific version of SAP.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above configurations, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (Define Company Code), OAYZ (Define Company Code Status), and OABW (Asset Accounting Configuration).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to access and modify company code settings.
  
  By following these steps, you should be able to resolve the FAA_CMP008 error and ensure that the company code is properly configured for Asset Accounting operations.