How To Fix FAA_CMP063 - Fiscal years could not be derived from LDT date for ledger &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 063

• Message text: Fiscal years could not be derived from LDT date for ledger &1

What causes this issue?

When you create the first legacy data transfer segment, the system
automatically derives the current fiscal year and the closed fiscal year
on ledger and depreciation area level.
In the present case, this is <ZH>not </>possible as the current fiscal
year and the closed fiscal year are already filled.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

You do <ZH>not </>need to do anything.
However, if you want to change the current fiscal year or the closed
fiscal year at a later date, you do this as follows:
You can change it in the ledger settings, provided that <ZH>no</> asset
accounting postings exist in the current company code.
Or you change it by using the functions for closing or reopening fiscal
years.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CMP063 - Fiscal years could not be derived from LDT date for ledger &1 ?

  The SAP error message FAA_CMP063 indicates that the system is unable to derive fiscal years from the ledger date (LDT) for a specific ledger. This typically occurs in the context of Asset Accounting (FI-AA) when trying to perform operations that require fiscal year information, such as posting or reporting.
  Cause:
  
  Missing Configuration: The fiscal year variant may not be properly configured for the ledger in question. This can happen if the fiscal year variant is not assigned to the ledger or if the fiscal year variant does not cover the date being processed.
  Incorrect Date: The ledger date (LDT) being used may fall outside the defined fiscal years in the system.
  Data Inconsistencies: There may be inconsistencies in the master data or configuration settings related to the ledger or fiscal year variant.
  System Settings: The system may not have been updated correctly after changes were made to the fiscal year settings or ledger configurations.
  
  Solution:
  
  
  Check Fiscal Year Variant:
  
  Go to the configuration settings for Asset Accounting (Transaction code: OAYZ).
  Verify that the fiscal year variant is correctly assigned to the ledger in question.
  Ensure that the fiscal year variant covers the date being processed.
  
  
  
  Review Ledger Settings:
  
  Check the ledger settings in the configuration (Transaction code: OBA7).
  Ensure that the ledger is properly configured and that the fiscal year variant is assigned.
  
  
  
  Validate Dates:
  
  Ensure that the ledger date (LDT) being used is within the range of the fiscal years defined in the system.
  If necessary, adjust the date to fall within the valid fiscal year range.
  
  
  
  Check for Data Inconsistencies:
  
  Review the asset master data and ensure that all relevant fields are correctly filled out.
  Look for any inconsistencies or missing data that could affect the fiscal year determination.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for further guidance on fiscal year settings and ledger configurations.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OAYZ: Configuration for fiscal year variant in Asset Accounting.
  OBA7: Configuration for ledgers.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Forums: Consider searching or posting in SAP community forums for insights from other users who may have encountered similar issues.
  
  If the problem persists after following these steps, it may be necessary to involve your SAP support team or consult with an SAP expert for further investigation.