How To Fix FIQA_LOC304 - Define depreciation rates for evaluation groups of company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FIQA_LOC - FI Localization for Qatar

• Message number: 304

• Message text: Define depreciation rates for evaluation groups of company code &1

What causes this issue?

You have not defined the depreciation rates for evaluation groups.

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?

Define the depreciation rates for evaluation groups in Customizing for

<ZK>Financial Accounting</> under <ZK>Asset Accounting -> Information
System -> Country-Specific Functions -> Qatar -> Calculation of
Depreciation -> Specify Depreciation Rates for Evaluation Groups.</>


<ZK>Financial Accounting</> under <ZK>Asset Accounting -> Information
System -> Country-Specific Functions -> Qatar -> Calculationof
Depreciation -> Specify Depreciation Rates for Evaluation Groups.</>

<ZK>Financial Accounting (New)</> under <ZK>Asset Accounting ->
Information System -> Country-Specific Functions -> Qatar ->
Calculationof Depreciation -> Specify Depreciation Rates for Evaluation
Groups.</>

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 FIQA_LOC304 - Define depreciation rates for evaluation groups of company code &1 ?

  The SAP error message FIQA_LOC304 indicates that there is an issue with the configuration of depreciation rates for evaluation groups in a specific company code. This error typically arises when the system cannot find the necessary depreciation rates defined for the specified evaluation group in the company code.
  Cause:
  
  Missing Configuration: The depreciation rates for the evaluation group in the specified company code have not been defined in the system.
  Incorrect Evaluation Group: The evaluation group specified may not be correctly set up or may not exist in the configuration.
  Company Code Issues: The company code may not be properly configured to use the specified evaluation group.
  
  Solution:
  To resolve the FIQA_LOC304 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Easy Access screen and navigate to the following path:
  Accounting -> Financial Accounting -> Asset Accounting -> Valuation -> Depreciation -> Define Depreciation Rates
  
  Ensure that the depreciation rates for the relevant evaluation group are defined for the specified company code.
  
  
  
  Define Depreciation Rates:
  
  If the depreciation rates are missing, you will need to define them. You can do this by selecting the appropriate evaluation group and entering the necessary depreciation rates.
  
  
  
  Verify Evaluation Group:
  
  Check if the evaluation group you are using is correctly set up. You can do this by navigating to:
  Accounting -> Financial Accounting -> Asset Accounting -> Valuation -> Depreciation -> Define Evaluation Groups
  
  Ensure that the evaluation group is correctly assigned to the company code.
  
  
  
  Check Company Code Settings:
  
  Ensure that the company code is properly configured to use the evaluation group. You can check this in the company code settings under:
  Accounting -> Financial Accounting -> General Ledger -> Master Data -> G/L Accounts -> Prepare G/L Account Creation
  
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to the SAP documentation or consult with your SAP support team for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: You may find it helpful to use transaction codes such as OAYZ (for defining depreciation areas) and OAYD (for defining evaluation groups) to navigate directly to the relevant configuration screens.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or updates related to this error message.
  Testing: After making the necessary changes, perform a test to ensure that the error no longer occurs and that the depreciation calculations are functioning as expected.
  
  By following these steps, you should be able to resolve the FIQA_LOC304 error and ensure that the depreciation rates are correctly defined for the evaluation groups in your company code.