How To Fix GLO_FIAA01005 - Asset &1 (&2) has no time-independent data

SAP Error Message - Details

• Message type: E = Error

• Message class: GLO_FIAA01 - Country-Specifie Asset Master Records

• Message number: 005

• Message text: Asset &1 (&2) has no time-independent data

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message GLO_FIAA01005 - Asset &1 (&2) has no time-independent data ?

  The SAP error message GLO_FIAA01005 indicates that an asset (identified by the asset number and company code) does not have any time-independent data. This typically means that the asset is missing essential information that is required for processing, such as master data or configuration settings.
  Cause:
  
  Missing Master Data: The asset may not have been fully created or may be missing key information in its master data, such as asset class, location, or other required fields.
  Incorrect Configuration: The asset might be configured incorrectly, leading to the absence of time-independent data.
  Data Migration Issues: If the asset data was migrated from another system, there may have been issues during the migration process that resulted in incomplete data.
  Inactive Asset: The asset may have been marked as inactive or retired, which can lead to the absence of necessary data.
  
  Solution:
  
  
  Check Asset Master Data: 
  
  Go to the Asset Master Data transaction (e.g., AS03) and check the details of the asset in question. Ensure that all required fields are filled out correctly.
  Verify that the asset class is correctly assigned and that all mandatory fields are populated.
  
  
  
  Review Configuration Settings:
  
  Ensure that the configuration for asset accounting is set up correctly. This includes checking the settings for asset classes and depreciation areas.
  If necessary, consult with your SAP FI/CO consultant to review the configuration.
  
  
  
  Data Migration Review:
  
  If the asset was migrated from another system, review the migration logs and ensure that all necessary data was transferred correctly.
  If data is missing, you may need to re-import or manually enter the missing information.
  
  
  
  Asset Status:
  
  Check the status of the asset. If it is inactive, consider reactivating it if appropriate, or ensure that it is not being processed in transactions that require active assets.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed information on asset management and the specific requirements for asset data.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support or your internal IT team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  AS01 (Create Asset), AS02 (Change Asset), AS03 (Display Asset)
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Asset Accounting Configuration: Familiarize yourself with the configuration settings in the Asset Accounting module to ensure compliance with your organization's requirements.
  
  By following these steps, you should be able to identify and resolve the issue related to the error message GLO_FIAA01005.