How To Fix FMFG_AA002 - Consider the configuration for additional US Federal Contra Accounts

SAP Error Message - Details

• Message type: E = Error

• Message class: FMFG_AA - Additional asset account derivation

• Message number: 002

• Message text: Consider the configuration for additional US Federal Contra Accounts

What causes this issue?

US Federal (in Public Sector Management) is active in this system, yet
configuration table FMFG_T095 is empty.
FMFG_T095 holds additional contra G/L accounts for Asset Accounting.
The following contra accounts are currently available for configuration:
Contra account asset out
Contra account depreciation in
Contra account depreciation out
The "Contra Account for Asset In" is in the standard assets
configuration table (T095).
This configuration is particularly useful in the following scenario:
You are transferring an asset from a cancelled fund to a new fund and
you need to break down the transfer amounts between the 'acquisition'
amount and the 'depreciation' amount.
You have the option to configure the contra accounts for Depreciation
'In' and 'Out' as non-FM relevant.

System Response

This is a warning message only. If FMFG_T095 is not configured, the
following happens:
If the transaction is "transfer within same company code", no contra
account is posted to.
If the transaction is "transfer across company codes" then the FI-AA
standard account "Contra Act Acq. APC" (from T095) is used.

How to fix this error?

Configure FMFG_T095 if required by going to the Implementation Guide and
choosing <LS> Public Sector Management -> Functions for US Federal
Government -> Integration -> Asset Management -> Additional Account
Determination</>.

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 FMFG_AA002 - Consider the configuration for additional US Federal Contra Accounts ?

  The SAP error message FMFG_AA002 typically relates to the configuration of additional US Federal Contra Accounts in the context of Funds Management (FM) and Asset Accounting (AA) within the SAP system. This error indicates that there is a configuration issue regarding the contra accounts that are required for federal accounting practices.
  Cause:
  The error can occur due to several reasons, including:
  
  Missing Configuration: The necessary configuration for additional contra accounts in the Funds Management module may not be set up correctly.
  Incorrect Account Assignment: The account assignments for the federal contra accounts may not be properly defined in the system.
  Inconsistent Data: There may be inconsistencies in the data related to the asset or fund that is being processed, leading to the error.
  Authorization Issues: The user may not have the necessary authorizations to access or modify the configuration settings.
  
  Solution:
  To resolve the FMFG_AA002 error, you can follow these steps:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for Funds Management and Asset Accounting.
  Ensure that the additional US Federal Contra Accounts are properly defined in the system.
  You can access the configuration through the following path: 
  
  SPRO ? Public Sector Management ? Funds Management ? Account Assignment ? Define Additional US Federal Contra Accounts.
  
  
  
  
  
  Review Account Assignments:
  
  Verify that the account assignments for the contra accounts are correctly set up.
  Ensure that the accounts are linked to the appropriate fund types and are valid for the transactions being processed.
  
  
  
  Data Consistency:
  
  Check the data related to the asset or fund in question to ensure there are no inconsistencies.
  Review any related documents or transactions that may be causing the error.
  
  
  
  User Authorizations:
  
  Ensure that the user encountering the error has the necessary authorizations to access and modify the configuration settings.
  If needed, consult with your SAP security team to verify and adjust user roles.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for detailed guidance on configuring Funds Management and Asset Accounting.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Community Forums: Engage with SAP community forums or support channels for insights from other users who may have encountered similar issues.
  
  If the problem persists after following these steps, it may be beneficial to consult with an SAP expert or your organization's SAP support team for further assistance.