How To Fix FR654 - Choose 'Year-End Valuation' or 'Mid-Year Valuation' &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 654

• Message text: Choose 'Year-End Valuation' or 'Mid-Year Valuation' &1

INCLUDE FR651 OBJECT DOKU ID NA

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message FR654 - Choose 'Year-End Valuation' or 'Mid-Year Valuation' &1 ?

  The SAP error message FR654 typically occurs in the context of financial accounting, particularly when dealing with asset accounting (FI-AA). This error indicates that the system requires you to specify whether you want to perform a "Year-End Valuation" or a "Mid-Year Valuation" for an asset.
  Cause:
  The error arises when a user attempts to execute a transaction or report that requires a valuation type to be specified, but the system does not have this information. This can happen in various scenarios, such as:
  
  When running a report that requires asset valuation.
  When performing year-end closing activities.
  When executing a transaction that involves asset depreciation or revaluation.
  
  Solution:
  To resolve the FR654 error, you need to specify the valuation type as required by the system. Here are the steps you can take:
  
  
  Identify the Transaction: Determine which transaction or report you are trying to execute when the error occurs.
  
  
  Specify Valuation Type:
  
  If you are prompted to choose between "Year-End Valuation" or "Mid-Year Valuation," select the appropriate option based on your business requirements.
  If you are using a specific transaction code, check the input fields for options related to valuation.
  
  
  
  Check Configuration: If the error persists, check the configuration settings in the Asset Accounting module to ensure that the valuation types are correctly defined and that the necessary parameters are set up.
  
  
  Consult Documentation: Refer to SAP documentation or help files for additional context on the specific transaction you are using, as they may provide insights into required fields and options.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide guidance based on your specific system configuration.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in Asset Accounting, such as:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  AFAB: Run Depreciation
  AJAB: Year-End Closing for Asset Accounting
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to the FR654 error message.
  
  
  User Manuals: Review user manuals or training materials for Asset Accounting to understand the valuation process and requirements.
  
  
  By following these steps, you should be able to resolve the FR654 error and proceed with your asset accounting tasks.