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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message GLOFAA_SK_DEPR701 - Depreciation key &1: Key Figure Group &2 does not exist ?

  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 configured and that it references a valid key figure group.
  
  
  
  Create or Modify Key Figure Group:
  
  If the key figure group does not exist, you may need to create it. This can be done in the configuration settings for key figure groups.
  If it exists but is incorrectly defined, you may need to modify it to ensure it aligns with the requirements of the depreciation key.
  
  
  
  Check Transport Requests:
  
  If the issue arose after a transport, check the transport logs to ensure that all necessary objects were included in the transport request.
  If needed, re-transport the missing configuration or manually create the key figure group in the target system.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on configuring depreciation keys and key figure groups.
  
  
  
  Testing:
  
  After making the necessary changes, perform tests to ensure that the error no longer occurs and that depreciation calculations are functioning as expected.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OADB (for defining depreciation keys) and OAYD (for defining key figure groups) to access the relevant configuration screens.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to asset accounting configurations.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.