How To Fix ICC-KR012 - Asset master record &1-&2 does not exist in company code &3

SAP Error Message - Details

• Message type: E = Error

• Message class: ICC-KR - Localization (South Korea)

• Message number: 012

• Message text: Asset master record &1-&2 does not exist in company code &3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message ICC-KR012 - Asset master record &1-&2 does not exist in company code &3 ?

  The SAP error message ICC-KR012 indicates that the system is unable to find the specified asset master record in the given company code. This error typically arises during asset-related transactions, such as posting an asset acquisition or transfer.
  Cause:
  
  Non-Existent Asset: The asset master record you are trying to access does not exist in the specified company code.
  Incorrect Company Code: The asset may exist, but it is not assigned to the company code you are using in your transaction.
  Data Entry Error: There may be a typographical error in the asset number or company code entered in the transaction.
  Asset Deletion: The asset may have been deleted or archived, making it unavailable for the current transaction.
  
  Solution:
  
  Verify Asset Number: Check the asset number you are using to ensure it is correct. You can do this by navigating to the asset master record in the Asset Accounting module.
  Check Company Code: Ensure that the asset is indeed assigned to the company code you are working with. You can check this in the asset master data.
  Use Transaction Code AS03: Use transaction code AS03 (Display Asset) to search for the asset in the correct company code. If the asset does not appear, it may not exist in that company code.
  Review Asset Status: If the asset was recently deleted or archived, you may need to restore it or create a new asset record.
  Consult with Your SAP Administrator: If you are unable to resolve the issue, consult with your SAP administrator or support team for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset).
  Asset Accounting Configuration: Ensure that the configuration for Asset Accounting is correctly set up in your SAP system, including company code settings and asset classes.
  Authorization Issues: Sometimes, authorization issues can prevent access to certain asset records. Ensure that you have the necessary permissions to view or modify asset records.
  
  By following these steps, you should be able to identify the cause of the ICC-KR012 error and take appropriate action to resolve it.