How To Fix GLOFAA_MD_JP006 - Book value after impairment must less than APC= &1

SAP Error Message - Details

• Message type: E = Error

• Message class: GLOFAA_MD_JP - JP Fixed Asset Master

• Message number: 006

• Message text: Book value after impairment must less than APC= &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GLOFAA_MD_JP006 - Book value after impairment must less than APC= &1 ?

  The SAP error message GLOFAA_MD_JP006 indicates that there is an issue with the book value of an asset after impairment. Specifically, the error states that the book value after impairment must be less than the Acquisition and Production Cost (APC) of the asset. This is a common issue in asset accounting when dealing with impairment calculations.
  Cause:
  The error typically arises due to one of the following reasons:
  
  Incorrect Impairment Calculation: The impairment amount may have been incorrectly calculated or entered, resulting in a book value that does not comply with the required condition.
  Data Entry Errors: There may be mistakes in the asset master data, such as incorrect APC values or incorrect impairment amounts.
  Business Rules Violation: The business rules or accounting policies in place may dictate that the book value after impairment cannot exceed the APC, and the current values violate this rule.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Review Impairment Calculation:
  
  Check the impairment amount that has been entered. Ensure that it is calculated correctly based on the asset's current value and any relevant accounting policies.
  Ensure that the book value after impairment is indeed less than the APC.
  
  
  
  Verify Asset Master Data:
  
  Go to the asset master record and verify the Acquisition and Production Cost (APC) to ensure it is correct.
  Check for any recent changes to the asset that may have affected its APC or impairment values.
  
  
  
  Adjust Impairment Amount:
  
  If the impairment amount is too high, consider adjusting it to ensure that the resulting book value is less than the APC.
  
  
  
  Consult Accounting Policies:
  
  Review your organization's accounting policies regarding asset impairments to ensure compliance with any specific rules or guidelines.
  
  
  
  Test in a Sandbox Environment:
  
  If possible, replicate the scenario in a test or sandbox environment to understand the impact of changes before applying them in the production environment.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like AS02 (Change Asset) or ABZON (Transfer within Company Code) to make necessary adjustments.
  Documentation: Refer to SAP documentation or your organization's internal guidelines for asset accounting and impairment procedures.
  Support: If the issue persists, consider reaching out to your SAP support team or consulting with a financial expert familiar with SAP asset accounting.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.