How To Fix FIAAIT_IS005 - Depreciation area &1 in company code &2 uses foreign currency

SAP Error Message - Details

• Message type: E = Error

• Message class: FIAAIT_IS - IT FI-AA IS

• Message number: 005

• Message text: Depreciation area &1 in company code &2 uses foreign currency

What causes this issue?

The Base Depreciation Area &V1& has been configured per Report Category
and Reporting Entity (SM30, view SRFV_RPG_CAT4).
This Base Depreciation Area must exists for all company codes the report
is executed for. Additionally, this depreciation area should not be
using foreign currency (report supports company code currency only).
However, in company code &V2&, the base depreciation area has been
configured for foreign currency.

System Response

Report processing is aborted.

How to fix this error?

Change please the configuration of Base Depreciation Area (parameter
IT_BASE_DEPR_AREA) or company codes assigned to your Reporting Entity
(SM34, view SRFVC_RPG_ENT)

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 FIAAIT_IS005 - Depreciation area &1 in company code &2 uses foreign currency ?

  The SAP error message FIAAIT_IS005 indicates that there is an issue with the configuration of a depreciation area in a company code that uses foreign currency. This error typically arises when there is a mismatch or misconfiguration in the settings related to currency handling for asset accounting.
  Cause:
  
  Foreign Currency Configuration: The depreciation area in question is set up to use foreign currency, but there may be inconsistencies in how the currency is defined or used in the asset accounting settings.
  Missing Configuration: The necessary configuration for handling foreign currency in the depreciation area may not be completed.
  Inconsistent Settings: The settings for the company code, chart of accounts, or the asset class may not align with the requirements for using foreign currency in the specified depreciation area.
  
  Solution:
  
  
  Check Depreciation Area Settings:
  
  Go to the configuration for the depreciation area in the Asset Accounting module (Transaction code: OAYZ).
  Ensure that the depreciation area is correctly set up to handle foreign currency transactions.
  
  
  
  Review Company Code Settings:
  
  Check the company code settings (Transaction code: OX02) to ensure that the currency settings are correctly defined.
  Make sure that the currency type for the company code is compatible with the depreciation area.
  
  
  
  Asset Class Configuration:
  
  Verify the asset class settings (Transaction code: OAOA) to ensure that they are configured to allow foreign currency transactions.
  
  
  
  Currency Type:
  
  Ensure that the currency type used in the depreciation area is defined and that the necessary exchange rate types are maintained.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance on configuring foreign currency in asset accounting.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error is resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OAYZ: Configuration for Depreciation Areas
  OX02: Company Code Configuration
  OAOA: Asset Class Configuration
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on foreign currency handling in asset accounting.
  
  
  User Roles: Ensure that the user has the necessary authorizations to make changes to the configuration settings.
  
  
  If the issue persists after checking these configurations, it may be beneficial to consult with an SAP functional consultant or reach out to SAP support for further assistance.