How To Fix FAA_CMP084 - Quantity migration not possible in &1; specify open fiscal year

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 084

• Message text: Quantity migration not possible in &1; specify open fiscal year

What causes this issue?

The open fiscal year has <ZH>not</> yet been specified for company code
&V1& in Asset Accounting.
There are however assets with quantity values which need to be migrated.

System Response

It is <ZH>not</> possible to post the quantity migration of asset
master data without having specified an open
fiscal year.

How to fix this error?

In the current settings app <LS>Make Company Code Settings</>, check and
correct the settings for the company code:
You have to specify the current fiscal year at ledger-level for every
ledger of the company code. This is only possible if the current fiscal
year is <ZH>not</> yet specified or if no postings exist in the company
code. After you have specified the current fiscal year, the system will
set the closed fiscal year accordingly.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CMP084 - Quantity migration not possible in &1; specify open fiscal year ?

  The SAP error message FAA_CMP084 ("Quantity migration not possible in &1; specify open fiscal year") typically occurs during the migration of asset quantities in the Asset Accounting (FI-AA) module. This error indicates that the system is unable to perform the quantity migration because the specified fiscal year is not open for posting.
  
  Cause:
  
  Closed Fiscal Year: The fiscal year you are trying to migrate quantities into is closed, meaning that no postings can be made for that year.
  Incorrect Configuration: The system may not be configured correctly to allow for quantity migration in the specified fiscal year.
  Missing Authorizations: The user may not have the necessary authorizations to perform the migration in the specified fiscal year.
  
  
  Solution:
  
  
  Open the Fiscal Year: 
  
  Check the status of the fiscal year in question. If it is closed, you may need to open it temporarily to allow for the migration. This can be done in the configuration settings under "Financial