How To Fix FAA_CMP082 - Company code &2: No fiscal year was opened via BCF for ledger &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 082

• Message text: Company code &2: No fiscal year was opened via BCF for ledger &1

What causes this issue?

Until now, no balance carryforward was executed for company code &V2&
and ledger &V1&. Therefore, no new fiscal year was opened.
However, for the first legacy data transfer at fiscal year end, it
is necessary that the fiscal year after the transfer is opened through
a balance carryforward.

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?

If necessary, please execute a balance carryforward.

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_CMP082 - Company code &2: No fiscal year was opened via BCF for ledger &1 ?

  The SAP error message FAA_CMP082 indicates that there is an issue with the fiscal year not being opened for a specific ledger in the Asset Accounting (FI-AA) module. This error typically arises when you attempt to post transactions related to fixed assets, but the fiscal year for the specified company code and ledger has not been opened in the Business Configuration (BCF) settings.
  Cause:
  
  Fiscal Year Not Opened: The primary cause of this error is that the fiscal year for the specified company code and ledger has not been opened in the system. This means that the system does not allow postings for that fiscal year.
  Incorrect Ledger: The ledger specified in the error message may not be correctly configured or may not have the fiscal year opened.
  Configuration Issues: There may be issues with the configuration settings in the Asset Accounting module or the general ledger.
  
  Solution:
  To resolve the FAA_CMP082 error, follow these steps:
  
  
  Open the Fiscal Year:
  
  Go to the transaction code OB52 (Change View "Open and Close Posting Periods").
  Check if the fiscal year for the specified company code and ledger is open. If it is not, you will need to open it.
  Ensure that the posting periods are correctly set up for the relevant fiscal year.
  
  
  
  Check Ledger Configuration:
  
  Verify that the ledger specified in the error message is correctly configured in the system.
  Go to the transaction code OB22 (Define Ledgers) and ensure that the ledger is active and properly set up.
  
  
  
  Review Asset Accounting Configuration:
  
  Check the configuration settings for Asset Accounting to ensure that everything is set up correctly.
  Use transaction code SPRO to access the configuration menu and navigate to the Asset Accounting settings.
  
  
  
  Consult with Your SAP Administrator:
  
  If you do not have the necessary authorizations to make these changes, consult with your SAP administrator or the finance team responsible for the system.
  
  
  
  Testing:
  
  After making the necessary changes, try to post the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB52: Open and Close Posting Periods
  OB22: Define Ledgers
  SPRO: SAP Reference IMG (Implementation Guide)
  
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for more detailed information on fiscal year settings and ledger configurations.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  
  By following these steps, you should be able to resolve the FAA_CMP082 error and successfully post transactions in the Asset Accounting module.