How To Fix FAA_CMP108 - Closed fiscal year is set to &1

FAA_CMP108 - Overview

• Message type: E = Error

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

• Message number: 108

• Message text: Closed fiscal year is set to &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CMP108 - Closed fiscal year is set to &1 ?

  The SAP error message FAA_CMP108 indicates that a closed fiscal year is set for the asset accounting transaction you are trying to process. This typically occurs when you attempt to post transactions related to fixed assets in a fiscal year that has already been closed in the system.
  
  Cause:
  The error arises when:
  
  You are trying to post an asset transaction (like acquisition, transfer, or retirement) for a fiscal year that has been closed.
  The system settings prevent any changes or postings to closed fiscal years to maintain data integrity and compliance with accounting standards.
  
  
  Solution:
  To resolve the FAA_CMP108 error, you can consider the following options:
  
  
  Check Fiscal Year Status:
  
  Verify the status of the fiscal year in question. You can do this by navigating to the relevant configuration in SAP (Transaction code: OB52) to see which periods are open or closed.
  
  
  
  Open the Fiscal Year:
  
  If it is necessary to post transactions for the closed fiscal year, you