How To Fix FSBP_FISCAL_YEAR013 - Share capital &1 is greater than total assets &2 (fiscal year &3)

SAP Error Message - Details

• Message type: E = Error

• Message class: FSBP_FISCAL_YEAR - Fiscal Year Information

• Message number: 013

• Message text: Share capital &1 is greater than total assets &2 (fiscal year &3)

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FSBP_FISCAL_YEAR013 - Share capital &1 is greater than total assets &2 (fiscal year &3) ?

  The SAP error message FSBP_FISCAL_YEAR013 indicates that there is a discrepancy in the financial data where the share capital of a company is greater than its total assets for a specific fiscal year. This situation is typically not permissible in accounting, as it suggests that the company has more equity than it has in total assets, which can raise concerns about the financial health and reporting accuracy of the organization.
  Cause:
  
  Data Entry Errors: Incorrect data may have been entered into the system, leading to an inflated share capital or understated total assets.
  Accounting Misclassifications: Assets may have been misclassified or not properly accounted for, resulting in an inaccurate total asset figure.
  Timing Issues: There may be timing differences in when transactions are recorded, leading to discrepancies in the financial statements.
  Configuration Issues: Incorrect configuration in the SAP system regarding financial reporting or asset management could lead to this error.
  
  Solution:
  
  Review Financial Data: Check the entries for share capital and total assets in the relevant financial statements. Ensure that all data is accurate and reflects the true financial position of the company.
  Correct Data Entry: If errors are found, correct the entries in the system. This may involve adjusting journal entries or reclassifying assets.
  Reconcile Accounts: Perform a reconciliation of the accounts to ensure that all assets are accounted for and that the share capital is correctly reported.
  Consult Financial Reports: Review the financial reports for the fiscal year in question to identify any discrepancies or unusual entries.
  Check Configuration: If the issue persists, consult with your SAP configuration team to ensure that the system is set up correctly for financial reporting.
  Seek Expert Advice: If necessary, consult with a financial expert or an SAP consultant who can provide insights into the issue and help resolve it.
  
  Related Information:
  
  Fiscal Year: The fiscal year in question is critical for understanding the context of the error. Ensure that you are looking at the correct fiscal year when analyzing the data.
  SAP Documentation: Refer to SAP's official documentation or help resources for more detailed information on handling financial errors and understanding specific error messages.
  Audit Trail: Maintain an audit trail of changes made to financial data to ensure compliance and facilitate future audits.
  Training: Ensure that staff involved in data entry and financial reporting are adequately trained to minimize the risk of errors.
  
  By addressing the underlying causes and following the suggested solutions, you should be able to resolve the error and ensure accurate financial reporting in SAP.