How To Fix FAA_COMP_CODE_RESET001 - Reset of company code &1 terminated due to error in FI-AA application

FAA_COMP_CODE_RESET001 - Overview

• Message type: E = Error

• Message class: FAA_COMP_CODE_RESET - Messages for SAPF020

• Message number: 001

• Message text: Reset of company code &1 terminated due to error in FI-AA application

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_COMP_CODE_RESET001 - Reset of company code &1 terminated due to error in FI-AA application ?

  The SAP error message FAA_COMP_CODE_RESET001 indicates that there was an issue when trying to reset a company code in the Asset Accounting (FI-AA) module. This error typically arises when there are inconsistencies or issues with the configuration or data related to the company code in question.
  Causes:
  
  Inconsistent Data: There may be inconsistencies in the asset data or configuration settings for the company code.
  Open Transactions: There could be open transactions or postings that prevent the reset from being completed.
  
  Configuration Issues: The company code may not be properly configured in the Asset Accounting settings.
  Authorization Issues: The user may not have the necessary authorizations to perform the reset operation.
  Dependencies with Other Modules: There may be dependencies or links with other modules (like FI or CO) that are causing the reset to fail.
  
  Solutions:
  
  Check for Open Transactions: Ensure that there are no open transactions or postings related to the company code. You can check for any