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

FIAAIT_IS005 - Overview

• 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