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

FAA_CMP063 - Overview

• 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