How To Fix ICC-KR824 - Enter an asset class for intangible assets

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 824

• Message text: Enter an asset class for intangible assets

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message ICC-KR824 - Enter an asset class for intangible assets ?

  The SAP error message ICC-KR824, which states "Enter an asset class for intangible assets," typically occurs when you are trying to create or modify an asset in the Asset Accounting (FI-AA) module without specifying a valid asset class for intangible assets. This error is common when dealing with the configuration of asset classes in SAP.
  Cause:
  
  Missing Asset Class: The primary cause of this error is that the asset class for intangible assets has not been specified in the asset master record.
  Incorrect Configuration: The asset class may not be properly configured in the system, or it may not be set up to handle intangible assets.
  Data Entry Error: There may be a mistake in the data entry process, such as leaving the asset class field blank or entering an invalid value.
  
  Solution:
  To resolve the ICC-KR824 error, follow these steps:
  
  
  Check Asset Class Configuration:
  
  Go to the transaction code OAOA (or navigate through the menu: Accounting > Financial Accounting > Asset Accounting > Master Data > Asset > Create).
  Ensure that the asset class for intangible assets is defined correctly. You can check the configuration in the Asset Accounting settings.
  
  
  
  Enter Asset Class:
  
  When creating or modifying an asset, ensure that you enter a valid asset class for intangible assets in the relevant field. This is typically done in the asset master record creation screen.
  
  
  
  Review Intangible Asset Classes:
  
  Make sure that the asset class you are trying to use is designated for intangible assets. You can check this in the configuration settings for asset classes.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct asset class to use, refer to your organization's documentation or consult with your SAP FI-AA consultant for guidance.
  
  
  
  Test the Changes:
  
  After making the necessary changes, try to create or modify the asset again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for managing asset records.
  Asset Class Configuration: Understanding how to configure asset classes in SAP is crucial. This includes defining the attributes of the asset class, such as depreciation methods and account assignments.
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or fixes provided by SAP.
  
  By following these steps, you should be able to resolve the ICC-KR824 error and successfully manage your intangible assets in SAP.