How To Fix FAA_CMP057 - Ledger &2, depreciation area &1: Closed fiscal year is invalid

FAA_CMP057 - Overview

• Message type: E = Error

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

• Message number: 057

• Message text: Ledger &2, depreciation area &1: Closed fiscal year is invalid

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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CMP057 - Ledger &2, depreciation area &1: Closed fiscal year is invalid ?

  The SAP error message FAA_CMP057 indicates that there is an issue with the fiscal year being closed for a specific ledger and depreciation area in the Asset Accounting (FI-AA) module. This error typically arises when you attempt to post transactions or perform activities related to asset accounting in a fiscal year that has already been closed.
  
  Cause:
  
  Closed Fiscal Year: The primary cause of this error is that the fiscal year for the specified ledger and depreciation area has been closed. In SAP, once a fiscal year is closed, no further postings can be made to that year.
  Incorrect Configuration: There may be a configuration issue where the system is trying to access a closed fiscal year due to incorrect settings in the asset accounting configuration.
  Posting Date: The posting date of the transaction you are trying to execute falls within a closed fiscal year.
  
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal