How To Fix FIN_CFIN_CO003 - Financial asset management active indicator of company code &1 is not set

SAP Error Message - Details

• Message type: E = Error

• Message class: FIN_CFIN_CO - Central Finance CO Message Class

• Message number: 003

• Message text: Financial asset management active indicator of company code &1 is not set

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIN_CFIN_CO003 - Financial asset management active indicator of company code &1 is not set ?

  The SAP error message FIN_CFIN_CO003 indicates that the financial asset management (FAM) active indicator for a specific company code is not set. This error typically arises when you are trying to perform operations related to financial asset management, but the system is not configured to handle financial assets for the specified company code.
  Cause:
  The primary cause of this error is that the financial asset management functionality has not been activated for the specified company code in the system. This can happen if:
  
  The company code has not been properly configured for financial asset management.
  The necessary settings in the configuration have not been completed.
  
  Solution:
  To resolve this error, you need to ensure that the financial asset management active indicator is set for the relevant company code. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Financial Asset Management -> Basic Settings -> Activate Financial Asset Management
  
  
  
  
  Set the Active Indicator:
  
  In the configuration settings, find the option to activate financial asset management for the specific company code.
  Ensure that the active indicator is checked for the company code in question.
  
  
  
  Save the Configuration:
  
  After making the necessary changes, save the configuration.
  
  
  
  Check Authorizations:
  
  Ensure that you have the necessary authorizations to make these changes. If you do not have the required permissions, contact your SAP administrator.
  
  
  
  Test the Changes:
  
  After activating the financial asset management for the company code, try to perform the operation again that previously resulted in the error.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as SPRO for configuration or OBY6 to check company code settings.
  Documentation: Refer to SAP Help documentation for detailed steps on configuring financial asset management.
  Support: If the issue persists after following the above steps, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  By ensuring that the financial asset management is properly activated for the company code, you should be able to resolve the FIN_CFIN_CO003 error and proceed with your financial operations.