How To Fix GLO_FIAA02011 - Book value after impairment is less than scrap value = &1

SAP Error Message - Details

• Message type: E = Error

• Message class: GLO_FIAA02 - Country-Specifie Asset Master Records

• Message number: 011

• Message text: Book value after impairment is less than scrap value = &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GLO_FIAA02011 - Book value after impairment is less than scrap value = &1 ?

  The SAP error message GLO_FIAA02011 indicates that the book value of an asset after impairment is less than its scrap value. This situation typically arises during the asset impairment process, where the asset's carrying amount is reduced due to a decline in its value. The error suggests that the resulting book value is not in compliance with accounting principles, as the book value should not fall below the scrap value.
  Cause:
  
  Impairment Calculation: The impairment calculation may have resulted in a book value that is lower than the asset's scrap value.
  Incorrect Scrap Value: The scrap value assigned to the asset may be incorrectly set or not updated.
  Asset Valuation Issues: There may be issues with how the asset's value is being calculated or recorded in the system.
  
  Solution:
  
  Review Impairment Calculation: Check the impairment calculation to ensure it is accurate. Make sure that the impairment amount is correctly determined based on the asset's fair value.
  Adjust Scrap Value: Verify the scrap value assigned to the asset. If the scrap value is too low, consider adjusting it to a more appropriate level that reflects the asset's expected residual value.
  Reassess Asset Valuation: Review the asset's valuation settings in the system to ensure they are correctly configured. This includes checking the asset master data for any discrepancies.
  Consult Accounting Standards: Ensure compliance with relevant accounting standards (e.g., IFRS, GAAP) regarding asset impairment and valuation.
  Use Transaction Codes: Utilize transaction codes such as AS02 (Change Asset) to adjust the asset's values as necessary.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Review SAP documentation on asset accounting and impairment to understand the underlying principles and processes.
  Consult with Finance Team: Collaborate with your finance or accounting team to ensure that the asset's values are correctly recorded and compliant with accounting policies.
  
  By addressing the underlying causes and ensuring that the asset's values are correctly set, you should be able to resolve the GLO_FIAA02011 error message.