How To Fix FAA_MD116 - Company code &1 does not exist in table FAAT_CMP

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_MD - Fixed Asset Master

• Message number: 116

• Message text: Company code &1 does not exist in table FAAT_CMP

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_MD116 - Company code &1 does not exist in table FAAT_CMP ?

  The SAP error message FAA_MD116 indicates that the specified company code does not exist in the table FAAT_CMP, which is used for asset accounting. This error typically occurs when you are trying to perform an operation related to fixed assets, such as posting an asset transaction, and the system cannot find the company code in the relevant configuration table.
  Cause:
  
  Missing Company Code Configuration: The company code you are trying to use has not been set up in the Asset Accounting configuration.
  Incorrect Company Code: The company code entered in the transaction may be incorrect or misspelled.
  Data Migration Issues: If data was migrated from another system, the company code may not have been properly transferred or configured in the new system.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to access the company code.
  
  Solution:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code SPRO (SAP Reference IMG).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Define Company Code for Asset Accounting.
  Ensure that the company code in question is listed and properly configured.
  
  
  
  Verify Company Code in Transaction:
  
  Double-check the company code you are entering in the transaction. Make sure it is correct and exists in the system.
  
  
  
  Check for Data Migration Issues:
  
  If you recently migrated data, verify that the company code was included in the migration process and that all necessary configurations were completed.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to access the company code. This can be checked with your SAP security team.
  
  
  
  Consult with SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Table FAAT_CMP: This table contains the mapping of company codes to asset accounting settings. You can check this table using transaction code SE11 or SE16 to see if the company code exists.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to understand where the error might be occurring.
  Documentation: Review SAP documentation or help files related to Asset Accounting for more detailed information on configuration and troubleshooting.
  
  By following these steps, you should be able to identify and resolve the issue related to the FAA_MD116 error message.