How To Fix GLOFAA_SK_DEPR701 - Depreciation key &1: Key Figure Group &2 does not exist

GLOFAA_SK_DEPR701 - Overview

• Message type: E = Error

• Message class: GLOFAA_SK_DEPR - Slovakia: Depreciation

• Message number: 701

• Message text: Depreciation key &1: Key Figure Group &2 does not exist

What causes this issue?

The Slovak Tax Accelerated Depreciation is calculated, according to
settings in the depreciation key &V1&.
The calculation requires that Key Figure Group &V2& is customized in
your system.
The Key Figure Group customizing is a part of standard SAP delivery.

System Response

The depreciation calculation is aborted.

How to fix this error?

It is necessary to customize Key Figure Group in your system.
(transaction SM34, view VC_FAAC_KFCSET_GLO).

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.

GLOFAA_SK_DEPR701 - Details

• The SAP error message GLOFAA_SK_DEPR701 indicates that there is an issue with the depreciation key configuration in the system. Specifically, it states that the key figure group associated with the depreciation key does not exist. This can occur in the context of asset accounting when trying to post or calculate depreciation.
  
  Cause:
  
  Missing Key Figure Group: The key figure group specified in the depreciation key configuration is not defined in the system.
  Incorrect Configuration: The depreciation key may have been incorrectly configured or modified, leading to a reference to a non-existent key figure group.
  Transport Issues: If the configuration was transported from another system, the key figure group may not have been included in the transport request.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for depreciation keys in SAP. This can typically be found under SPRO > Financial Accounting > Asset Accounting > Depreciation > Define Depreciation Keys.
  Verify that the depreciation key in question is correctly