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

FMFG_AA002 - Overview

• 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