How To Fix KM377 - The values for depreciation area &1 were calculated in local currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: KM - Error messages for Profit Center Accounting

• Message number: 377

• Message text: The values for depreciation area &1 were calculated in local currency &2

What causes this issue?

You are transferring depreciation area &V1& to Profit Center Accounting
with currency &V3&. However, no corresponding area with company code
currency &V2& exists for this depreciation area.

System Response

Values in company code currency must be determined by conversion. They
cannot be reconciled with a depreciation area in Asset Accounting or
accounts in Financial Accounting.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM377 - The values for depreciation area &1 were calculated in local currency &2 ?

  The SAP error message KM377 indicates that there is a discrepancy in the currency settings for a specific depreciation area in Asset Accounting. This error typically arises when the system attempts to calculate values for a depreciation area, but the values are being calculated in a different currency than expected.
  Cause:
  
  Currency Mismatch: The depreciation area is set up to use a different currency than the one being used for the asset or the transaction.
  Configuration Issues: The configuration for the asset accounting may not be aligned with the currency settings in the company code or the asset master data.
  Missing Currency Settings: The currency settings for the depreciation area may not be properly defined in the asset accounting configuration.
  
  Solution:
  
  
  Check Depreciation Area Settings:
  
  Go to the configuration for Asset Accounting (Transaction code: OAYZ).
  Verify the settings for the depreciation area in question. Ensure that the currency settings are correct and consistent with the company code currency.
  
  
  
  Review Asset Master Data:
  
  Check the asset master data (Transaction code: AS03) for the asset in question.
  Ensure that the currency settings in the asset master data match the expected currency for the depreciation area.
  
  
  
  Adjust Company Code Settings:
  
  Ensure that the company code settings (Transaction code: OX02) are correctly configured to use the appropriate currency for transactions.
  
  
  
  Recalculate Depreciation:
  
  After making any necessary adjustments, you may need to recalculate the depreciation for the affected assets. This can be done using the transaction code AFAB (Run Depreciation).
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific notes or updates related to this error message.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  AS03: Display Asset
  OAYZ: Configure Depreciation Areas
  AFAB: Run Depreciation
  OX02: Company Code Configuration
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  Testing: After making changes, it is advisable to test the changes in a development or quality assurance environment before applying them to the production system.
  
  
  By following these steps, you should be able to resolve the KM377 error and ensure that the depreciation values are calculated correctly in the appropriate currency.