How To Fix FAA_CMP054 - Fiscal year entered can be a max. of 3 years apart from current fisc. yr

FAA_CMP054 - Overview

• Message type: E = Error

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

• Message number: 054

• Message text: Fiscal year entered can be a max. of 3 years apart from current fisc. yr

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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_CMP054 - Fiscal year entered can be a max. of 3 years apart from current fisc. yr ?

  The SAP error message FAA_CMP054 indicates that the fiscal year you are trying to enter in a transaction is more than three years apart from the current fiscal year. This error typically occurs in the context of asset accounting (FI-AA) when you are trying to perform an operation that involves fiscal years, such as posting an asset acquisition or adjustment.
  
  Cause:
  
  Fiscal Year Range: The fiscal year you are trying to enter is either too far in the past or too far in the future compared to the current fiscal year. SAP restricts the fiscal year range to a maximum of three years to maintain data integrity and ensure that financial reporting remains relevant and manageable.
  System Settings: The system settings or configuration may have been set to limit the fiscal year range for certain transactions.
  
  
  Solution:
  
  Check Current Fiscal Year: Verify the current fiscal year in your SAP system. You can do this by