How To Fix GLOFAA_MD_SK001 - Only one interval allowed for Slovak country specific valuation data

SAP Error Message - Details

• Message type: E = Error

• Message class: GLOFAA_MD_SK - SK Fixed Asset Master

• Message number: 001

• Message text: Only one interval allowed for Slovak country specific valuation data

What causes this issue?

Slovak country specific time dependent data are used to store value of
Capital Improvement Year<(>,<)> in case that Tax Accelerated
Depreciation is calculated in a corresponding depreciation area.
This is actually allowed only in one time interval (1.1.1900 -
31.12.9999).
It is not allowed to create an another interval, with different dates.

System Response

It is not possible to add a new interval (&V1& - &V2&)

How to fix this error?

Delete the new interval.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GLOFAA_MD_SK001 - Only one interval allowed for Slovak country specific valuation data ?

  The SAP error message GLOFAA_MD_SK001 indicates that there is an issue with the configuration of country-specific valuation data for Slovakia in the Asset Accounting (FI-AA) module. This error typically arises when there is an attempt to create or modify asset master data that includes multiple intervals for valuation data, which is not allowed for Slovakia.
  Cause:
  The primary cause of this error is that the system is configured to allow only one interval for the Slovak country-specific valuation data. If there are multiple intervals defined in the system for the same asset class or valuation area, the system will throw this error when trying to process the asset.
  Solution:
  To resolve this error, you need to ensure that there is only one interval defined for the Slovak country-specific valuation data. Here are the steps to do this:
  
  
  Check Existing Valuation Intervals:
  
  Go to the transaction code OAYZ (or navigate through the menu: Accounting > Financial Accounting > Asset Accounting > Valuation > Valuation Methods > Define Valuation Intervals).
  Check the valuation intervals defined for the relevant asset class and ensure that there is only one interval for Slovakia.
  
  
  
  Delete or Adjust Extra Intervals:
  
  If you find multiple intervals, you will need to delete or adjust them to ensure that only one interval remains.
  Make sure to back up any necessary data before making changes.
  
  
  
  Review Configuration:
  
  Review the configuration settings for Asset Accounting to ensure that they comply with Slovak regulations and requirements.
  Ensure that the asset classes and valuation areas are correctly set up.
  
  
  
  Test Changes:
  
  After making the necessary adjustments, test the creation or modification of asset master data again to ensure that the error no longer occurs.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration or the implications of changing valuation intervals, consult SAP documentation or reach out to your SAP support team for guidance.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or updates related to this error message.
  SAP Community: Engage with the SAP Community forums to see if other users have encountered similar issues and what solutions they have implemented.
  Training and Documentation: Ensure that your team is trained on the specific requirements for asset accounting in Slovakia to prevent similar issues in the future.
  
  By following these steps, you should be able to resolve the GLOFAA_MD_SK001 error and ensure that your asset accounting configuration is compliant with Slovak regulations.