How To Fix FAA_MD059 - Cost center assignment failed in &1 (not active in CO area &2, FYear &3)

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_MD - Fixed Asset Master

• Message number: 059

• Message text: Cost center assignment failed in &1 (not active in CO area &2, FYear &3)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_MD059 - Cost center assignment failed in &1 (not active in CO area &2, FYear &3) ?

  The SAP error message FAA_MD059 indicates that there is a problem with the cost center assignment for an asset in the Asset Accounting (FI-AA) module. Specifically, it means that the cost center you are trying to assign to the asset is not active in the specified controlling area for the given fiscal year.
  Cause:
  
  Inactive Cost Center: The cost center you are trying to assign is not active in the specified controlling area for the fiscal year mentioned in the error message.
  Fiscal Year Settings: The fiscal year settings for the controlling area may not include the year you are trying to use.
  Cost Center Configuration: The cost center may not be properly configured or may have been deleted or marked as inactive.
  
  Solution:
  
  
  Check Cost Center Status:
  
  Go to the transaction code KS03 (Display Cost Center) and check if the cost center is active in the specified controlling area and fiscal year.
  If it is inactive, you may need to activate it or create a new cost center.
  
  
  
  Activate Cost Center:
  
  If the cost center is inactive, you can activate it using transaction code KS02 (Change Cost Center). Ensure that the cost center is set to active for the relevant controlling area and fiscal year.
  
  
  
  Verify Fiscal Year Settings:
  
  Check the fiscal year settings for the controlling area using transaction code OKKP (Controlling Area: Settings). Ensure that the fiscal year you are trying to use is included in the settings.
  
  
  
  Review Asset Master Data:
  
  Check the asset master data using transaction code AS03 (Display Asset) to ensure that the cost center assignment is correct and that there are no other issues with the asset.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about making changes, consult with your finance or controlling team to ensure that the changes align with your organization's policies.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  KS03: Display Cost Center
  KS02: Change Cost Center
  OKKP: Controlling Area Settings
  AS03: Display Asset
  
  
  
  Documentation: Refer to SAP Help documentation for Asset Accounting and Controlling for more detailed information on cost center assignments and fiscal year settings.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  
  By following these steps, you should be able to resolve the FAA_MD059 error and successfully assign the cost center to the asset.