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

FAA_CMP082 - Overview

• 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.

FAA_CMP082 - Details

• 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