How To Fix FAA_CMP080 - Closed fiscal year is not allowed to be higher than current fiscal year

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 080

• Message text: Closed fiscal year is not allowed to be higher than current fiscal year

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CMP080 - Closed fiscal year is not allowed to be higher than current fiscal year ?

  The SAP error message FAA_CMP080, which states "Closed fiscal year is not allowed to be higher than current fiscal year," typically occurs in the context of asset accounting (FI-AA) when trying to perform an operation that involves a closed fiscal year. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Closed Fiscal Year: The error indicates that you are attempting to post or make changes to a fiscal year that has already been closed. In SAP, once a fiscal year is closed, no further postings should be allowed for that year.
  Incorrect Year Selection: The operation you are trying to perform may have inadvertently selected a fiscal year that is higher than the current fiscal year, which is not permissible.
  Configuration Issues: There may be configuration settings in the asset accounting module that are not aligned with the current fiscal year settings.
  
  Solution:
  
  Check Fiscal Year Status: Verify the status of the fiscal year you are trying to access. You can do this by checking the fiscal year variant settings in the configuration (Transaction code: OB29).
  Correct Year Selection: Ensure that you are selecting the correct fiscal year for your operation. If you are trying to post to the current year, make sure that you are not mistakenly selecting a closed year.
  Open the Fiscal Year: If necessary and if it is appropriate for your business process, you can reopen the closed fiscal year. This is done through the transaction code OAAZ (for asset accounting) or through the appropriate configuration settings. However, this should be done with caution and typically requires authorization.
  Review Configuration: Check the configuration settings for asset accounting to ensure that they are set up correctly for your current fiscal year. This includes reviewing the fiscal year variant and ensuring that it aligns with your company’s financial calendar.
  Consult Documentation: Refer to SAP documentation or your internal SAP support team for specific guidance related to your system version and configuration.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OAAZ: Asset Accounting - Year-End Closing
  OB29: Define Fiscal Year Variants
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Authorizations: Ensure that you have the necessary authorizations to perform the operations you are attempting.
  Testing in Development: If you are unsure about making changes, consider testing in a development or sandbox environment before applying changes in production.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Asset Accounting.