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

FAA_MD116 - Overview

• 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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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.

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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