How To Fix FAA_CMP109 - Current fiscal year is set to &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 109

• Message text: Current 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_CMP109 - Current fiscal year is set to &1 ?

  The SAP error message FAA_CMP109 indicates that there is an issue related to the fiscal year settings in the Asset Accounting (FI-AA) module. Specifically, the message states that the current fiscal year is set to a specific year (denoted by &1), which may not align with the operations you are trying to perform.
  Cause:
  
  Fiscal Year Not Open: The fiscal year you are trying to post to may not be open for posting in the system.
  Incorrect Configuration: The configuration settings for the fiscal year in the Asset Accounting module may not be set correctly.
  Posting Periods: The posting periods for the current fiscal year may be closed, preventing any transactions from being recorded.
  
  Solution:
  
  
  Check Fiscal Year Settings:
  
  Go to the transaction code OB52 to check the posting periods. Ensure that the current fiscal year is open for posting.
  If the fiscal year is closed, you may need to open it for the necessary periods.
  
  
  
  Review Asset Accounting Configuration:
  
  Use transaction code OAYZ to check the fiscal year settings in Asset Accounting. Ensure that the fiscal year is correctly configured and that the periods are set up properly.
  
  
  
  Adjust Posting Periods:
  
  If you need to post transactions for the current fiscal year, you may need to adjust the posting periods to allow for postings.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about making changes to the fiscal year settings or posting periods, consult with your finance team or SAP administrator to ensure compliance with accounting policies.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB52: Change Posting Periods
  OAYZ: Define Fiscal Year Variants
  OABP: Define Asset Classes
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or fixes related to this error message.
  Documentation: Review SAP documentation on Asset Accounting for more details on fiscal year management and posting periods.
  
  By following these steps, you should be able to resolve the FAA_CMP109 error and proceed with your asset accounting transactions.