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

GLO_FIAA02011 - Overview

• 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