How To Fix FAA_CMP072 - Closing of fiscal year &1 failed for depreciation area &2

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 072

• Message text: Closing of fiscal year &1 failed for depreciation area &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CMP072 - Closing of fiscal year &1 failed for depreciation area &2 ?

  The SAP error message FAA_CMP072 indicates that the closing of the fiscal year for a specific depreciation area has failed. This error typically occurs in the Asset Accounting (FI-AA) module when there are issues preventing the successful closing of the fiscal year for assets.
  Causes:
  
  Unposted Transactions: There may be unposted transactions in the depreciation area that need to be processed before closing the fiscal year.
  Open Periods: The fiscal year or periods may not be properly configured or may still be open for posting.
  Depreciation Run Issues: The depreciation run may not have been executed or completed successfully for the depreciation area.
  Configuration Errors: There may be configuration issues in the asset accounting settings that prevent the closing process.
  Locked Assets: Some assets may be locked for posting, preventing the closing process from completing.
  Inconsistent Data: There may be inconsistencies in the asset master data or transaction data that need to be resolved.
  
  Solutions:
  
  Check Unposted Transactions: Review the asset accounting documents and ensure that all necessary transactions have been posted. Use transaction codes like AW01N to check asset details.
  Review Open Periods: Ensure that the fiscal year and periods are correctly configured in the system. You can check this in the configuration settings for fiscal year variant.
  Execute Depreciation Run: Make sure that the depreciation run has been executed successfully for the relevant depreciation area. Use transaction code AFAB to run the depreciation.
  Check Configuration: Review the configuration settings for asset accounting to ensure that everything is set up correctly. This includes checking the settings for the depreciation area.
  Unlock Assets: If any assets are locked, unlock them to allow for posting. You can check the status of assets in the asset master record.
  Data Consistency Check: Perform a consistency check on the asset data to identify and resolve any inconsistencies. You can use transaction code ABAVN for asset transactions.
  
  Related Information:
  
  Transaction Codes:
  
  AW01N: Asset Explorer
  AFAB: Execute Depreciation Run
  ABAVN: Asset Transaction
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  Documentation: Review SAP documentation for Asset Accounting to understand the closing process and requirements.
  
  If the issue persists after following these steps, it may be necessary to consult with your SAP support team or refer to SAP's support portal for further assistance.