How To Fix FR652 - Year-End/Mid-Year Valuation is not permitted for area &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 652

• Message text: Year-End/Mid-Year Valuation is not permitted for area &1

trados = fi

What causes this issue?

In the selection variant for the foreign currency valuation, the
indicator 'Valuation at Year-End' or 'Mid-Year Valuation' is set.
However, the current settings for the valuation area do not permit this
option.

System Response

An error message appears if the valuation run is performed with a
selection variant whose parameters are not consistent with the
attributes of the valuation area.

How to fix this error?

In the V_FAGL_FCV_DELTA maintenance view, check the attributes defined
for the valuation area or deactivate the indicator 'Valuation at
Year-End' or 'Mid-Year Valuation' in the selection variant of the
foreign currency valuation.

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 FR652 - Year-End/Mid-Year Valuation is not permitted for area &1 ?

  The SAP error message FR652 "Year-End/Mid-Year Valuation is not permitted for area &1" typically occurs in the context of Asset Accounting (FI-AA) when trying to perform a year-end or mid-year valuation for an asset area that is not configured to allow such valuations. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Configuration Settings: The asset area specified in the error message is not set up to allow year-end or mid-year valuations. This can happen if the asset area is configured incorrectly in the system.
  Valuation Type: The valuation type for the asset area may not support year-end or mid-year valuations.
  Period Closing: The system may be in a period that does not allow for the valuation process to be executed.
  
  Solution:
  
  
  Check Asset Area Configuration:
  
  Go to the configuration settings for Asset Accounting (Transaction code: OAOA).
  Verify the settings for the asset area in question. Ensure that the "Year-End/Mid-Year Valuation" option is enabled for that area.
  
  
  
  Review Valuation Types:
  
  Check the valuation types assigned to the asset area. Ensure that they are set up to allow for year-end or mid-year valuations.
  
  
  
  Period Closing:
  
  Ensure that the periods are open for posting. If the period is closed, you may need to open it or perform the valuation in an open period.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to Asset Accounting for any specific notes or guidelines regarding year-end and mid-year valuations.
  
  
  
  Transaction Codes:
  
  Use transaction codes like OABW (for year-end closing) or OABT (for mid-year closing) to check the settings and perform the necessary actions.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and settings, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OAOA: Asset Area Configuration
  OABW: Year-End Closing
  OABT: Mid-Year Closing
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Documentation: Review the SAP Help Portal for Asset Accounting to understand the implications of year-end and mid-year valuations.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary changes to resolve it.