How To Fix FAA_MD042 - Company code &1 is deactivated; hence you cannot create or change assets

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_MD - Fixed Asset Master

• Message number: 042

• Message text: Company code &1 is deactivated; hence you cannot create or change assets

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_MD042 - Company code &1 is deactivated; hence you cannot create or change assets ?

  The SAP error message FAA_MD042 indicates that the company code specified in the message is deactivated, which prevents the creation or modification of assets in the Asset Accounting (FI-AA) module. Here’s a breakdown of the cause, solution, and related information for this error:
  Cause:
  
  Deactivated Company Code: The primary reason for this error is that the company code you are trying to work with has been deactivated in the system. This can happen if the company code is no longer in use or has been set to inactive for any reason.
  Configuration Changes: Sometimes, changes in configuration settings or organizational structure can lead to a company code being deactivated.
  User Permissions: In some cases, user permissions may restrict access to certain company codes, leading to confusion about the status of the company code.
  
  Solution:
  
  
  Check Company Code Status:
  
  Go to the transaction code OBY6 (or use the navigation path: SPRO > Financial Accounting > Financial Accounting Global Settings > Company Code > Edit, Copy, Delete, Check Company Code).
  Verify if the company code is marked as active or inactive. If it is inactive, you will need to reactivate it.
  
  
  
  Reactivate the Company Code:
  
  If the company code is indeed deactivated and you need to use it, you can reactivate it by changing its status in the configuration settings.
  Ensure that all necessary configurations and settings are in place for the company code to function properly.
  
  
  
  Check User Authorizations:
  
  Ensure that the user has the necessary authorizations to access and modify assets for the specified company code. This can be checked in the user roles and profiles.
  
  
  
  Consult with SAP Basis or Functional Team:
  
  If you are unsure about the implications of reactivating a company code or if you do not have the necessary permissions, consult with your SAP Basis or Functional team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting for more details on managing company codes and assets.
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to company code deactivation and asset management.
  
  By following these steps, you should be able to resolve the FAA_MD042 error and proceed with creating or changing assets in the specified company code.