How To Fix FIQA_LOC316 - Depreciation rate not maintained for &1 for reporting date &2

FIQA_LOC316 - Overview

• Message type: E = Error

• Message class: FIQA_LOC - FI Localization for Qatar

• Message number: 316

• Message text: Depreciation rate not maintained for &1 for reporting date &2

What causes this issue?

You have not maintained a depreciation rate for this reporting date.

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</>


<ZK>Financial Accounting</>

<ZK>Financial Accounting (New)</>



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

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FIQA_LOC316 - Details

• The SAP error message FIQA_LOC316 indicates that there is no depreciation rate maintained for a specific asset (denoted by &1) for the reporting date (denoted by &2). This error typically arises in the context of asset accounting when generating reports or performing calculations that require depreciation information.
  
  Cause:
  
  Missing Depreciation Rate: The primary cause of this error is that the depreciation rate for the specified asset has not been defined in the system for the given reporting date.
  Incorrect Asset Master Data: The asset master data may be incomplete or incorrectly configured, leading to the absence of a depreciation rate.
  Date-Specific Configuration: The depreciation rate may not be set for the specific fiscal year or period that corresponds to the reporting date.
  
  
  Solution:
  
  
  Maintain Depreciation Rate:
  
  Navigate to the asset master record for the asset in question.
  Go to the "Depreciation Areas" section and check if the depreciation rate is maintained for the relevant depreciation area.
  If it is