How To Fix FAA_CMP073 - Reopening 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: 073

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

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_CMP073 - Reopening of fiscal year &1 failed for depreciation area &2 ?

  The SAP error message FAA_CMP073 indicates that there was an issue when trying to reopen a fiscal year for a specific depreciation area in Asset Accounting (FI-AA). This error typically arises when certain conditions are not met, preventing the system from allowing the reopening of the fiscal year.
  Cause:
  
  Closed Periods: The fiscal year you are trying to reopen may have been closed for posting, which means that no further transactions can be processed in that year.
  Depreciation Area Settings: The depreciation area may have specific settings that prevent the reopening of the fiscal year, such as being marked for closure or having certain restrictions.
  Transactions Already Posted: If there are transactions that have already been posted in the fiscal year after it was closed, this can also lead to issues when trying to reopen it.
  Configuration Issues: There may be configuration settings in the Asset Accounting module that are not aligned with the reopening process.
  
  Solution:
  
  Check Period Status: Verify the status of the fiscal year and the periods within it. Ensure that the periods are open for posting.
  Review Depreciation Area Settings: Check the configuration of the depreciation area in question. Ensure that it is not set to prevent the reopening of the fiscal year.
  Transaction Review: Look for any transactions that may have been posted after the fiscal year was closed. If there are any, you may need to reverse or adjust them before attempting to reopen the year.
  Consult Configuration: Review the configuration settings in the Asset Accounting module to ensure that they allow for the reopening of fiscal years as needed.
  Use Transaction OAAQ: You can use transaction OAAQ to check the status of the fiscal year and make necessary adjustments.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on reopening fiscal years in Asset Accounting.
  Documentation: Review the SAP documentation for Asset Accounting to understand the implications of closing and reopening fiscal years.
  Support: If the issue persists, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to successfully reopen the fiscal year for the specified depreciation area.