How To Fix FAA_POST002 - New Asset Accounting is not compatible with JVA

FAA_POST002 - Overview

• Message type: E = Error

• Message class: FAA_POST - FIAA Posting Messages (Object-Oriented Kernel)

• Message number: 002

• Message text: New Asset Accounting is not compatible with JVA

What causes this issue?

The business function <LS>JVA, Integration with New General Ledger
Accounting</> (<AB>JVA_GL_INTEGRATION</>) is active in your system. And
you have at least one company code that posts to Asset Accounting and
that actively uses JVA.
However, this business function, with a company code active in FI-AA and
JVA, is <ZH>not</> compatible with new Asset Accounting.

System Response

It is <ZH>not</> possible to activate new Asset Accounting using the
corresponding Customizing switch (<AB>PARALLEL_VAL</>).

How to fix this error?

In the global settings for <LS>Financial Accounting</> under
<DS:SIMG.SIMG_CFMENUORFBOBY6>Enter Global Parameters</>, deselect the
<LS>JV Accounting Active</> indicator (if necessary), and then activate
the Customizing switch for new Asset Accounting.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_POST002 - New Asset Accounting is not compatible with JVA ?

  The SAP error message FAA_POST002 indicates that there is an incompatibility between the New Asset Accounting (FI-AA) and Joint Venture Accounting (JVA) in your SAP system. This error typically arises when you attempt to post transactions related to asset accounting that involve joint ventures, which are not supported in the New Asset Accounting framework.
  
  Cause:
  
  Incompatibility: The New Asset Accounting (introduced in SAP S/4HANA) does not support certain functionalities that were available in the classic Asset Accounting, particularly when it comes to integration with Joint Venture Accounting.
  
  Configuration Issues: The system may not be properly configured to handle transactions that involve both asset accounting and joint venture accounting.
  Transaction Type: The specific transaction type being used may not be compatible with JVA in the context of New Asset Accounting.
  
  
  Solution:
  
  Review Configuration: Check the configuration settings for both Asset Accounting and Joint Venture Accounting. Ensure that they are set up correctly and that there are no