How To Fix FAA_CMP015 - Transfer date &1 is in the closed fiscal year &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 015

• Message text: Transfer date &1 is in the closed fiscal year &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CMP015 - Transfer date &1 is in the closed fiscal year &2 ?

  The SAP error message FAA_CMP015 indicates that there is an attempt to transfer an asset or perform a transaction with a transfer date that falls within a closed fiscal year. This typically occurs in the context of asset accounting (FI-AA) when trying to execute a transaction that is not allowed because the fiscal year has already been closed.
  Cause:
  
  Closed Fiscal Year: The transfer date specified in the transaction is within a fiscal year that has already been closed in the system.
  Incorrect Date Entry: The user may have mistakenly entered an incorrect date for the transfer.
  System Configuration: The system settings may not allow transactions to be processed in closed fiscal years.
  
  Solution:
  
  Check the Transfer Date: Verify the transfer date you are trying to use. Ensure that it is within an open fiscal year.
  Open the Fiscal Year: If the transaction must be processed for the closed fiscal year, you may need to temporarily open the fiscal year in the system. This should be done with caution and typically requires authorization.
  
  Navigate to the transaction code OB52 to manage the fiscal year settings.
  Adjust the date ranges to allow transactions for the required period.
  
  
  Adjust the Transaction: If the transfer date is not critical, consider adjusting the transaction to a date that falls within an open fiscal year.
  Consult with Finance Team: If you are unsure about the implications of opening a closed fiscal year, consult with your finance or accounting team to ensure compliance with accounting policies.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  OB52: Open/Close Fiscal Year
  
  
  SAP Notes: Check for any relevant SAP Notes or documentation that may provide additional context or solutions for this error.
  User Authorization: Ensure that you have the necessary authorizations to perform the actions required to resolve this error.
  
  By following these steps, you should be able to resolve the FAA_CMP015 error and successfully process your asset transfer.