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

SAP Error Message - Details

• 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 pending transactions in the Asset Accounting module.
  Review Asset Data: Verify the asset data for the company code to ensure there are no inconsistencies. This includes checking asset master records and any related postings.
  Configuration Review: Review the configuration settings for the company code in the Asset Accounting module. Ensure that all necessary settings are correctly defined.
  Authorization Check: Ensure that the user attempting the reset has the necessary authorizations to perform the operation.
  Consult Logs: Check the application logs (transaction SLG1) for more detailed error messages that can provide insights into what specifically caused the reset to fail.
  SAP Notes: Search for relevant SAP Notes that may address this specific error. Sometimes, SAP releases notes that provide fixes or workarounds for known issues.
  Consult with SAP Support: If the issue persists, consider reaching out to SAP Support for assistance. They can provide more detailed analysis and support based on the specific circumstances of your system.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to manage asset data.
  Documentation: Review SAP documentation related to Asset Accounting for best practices and guidelines on managing company codes and assets.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the root cause of the FAA_COMP_CODE_RESET001 error and implement a solution to resolve it.