How To Fix FARR_PROCESS_CHECK070 - Acquisition cost POB &1 must have start date type "Available at creation"

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_PROCESS_CHECK - Messages for Input Checks in Process Layer

• Message number: 070

• Message text: Acquisition cost POB &1 must have start date type "Available at creation"

What causes this issue?

The performance obligation for cost of acquisition has an unsupported
start date type.

System Response

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

How to fix this error?

Adjust the settings for the derivation of the attributes of the cost of
acquisition performance obligation: The attribute <ZK>start date type</>
must be set to "Available on Creation of Performance Obligation".

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_PROCESS_CHECK070 - Acquisition cost POB &1 must have start date type "Available at creation" ?

  The SAP error message FARR_PROCESS_CHECK070 indicates that there is an issue with the acquisition cost for a particular asset or object in the Asset Accounting (FI-AA) module. Specifically, the error states that the acquisition cost (POB) must have a start date type of "Available at creation." This typically occurs when the system is trying to process an asset or a transaction related to an asset, and the acquisition cost does not meet the required criteria.
  
  Cause:
  
  Incorrect Start Date Type: The acquisition cost record may have been created with a start date type that is not "Available at creation." This can happen if the asset was created with an incorrect configuration or if the acquisition cost was entered incorrectly.
  
  Configuration Issues: There may be configuration settings in the Asset Accounting module that are not aligned with the requirements for acquisition costs.
  Data Entry Errors: Manual data entry errors during asset creation or acquisition cost