How To Fix PSM_S4C_FM_MD071 - Functional area &1 is assigned to fixed assets.

SAP Error Message - Details

• Message type: E = Error

• Message class: PSM_S4C_FM_MD -

• Message number: 071

• Message text: Functional area &1 is assigned to fixed assets.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSM_S4C_FM_MD071 - Functional area &1 is assigned to fixed assets. ?

  The SAP error message PSM_S4C_FM_MD071 indicates that a functional area is assigned to fixed assets, which is causing an issue in the system. This error typically arises in the context of Public Sector Management (PSM) and Financial Management (FM) when there is a mismatch or misconfiguration related to functional areas and fixed asset accounting.
  Cause:
  
  Functional Area Assignment: The functional area specified in the transaction is linked to fixed assets, which may not be allowed for the operation you are trying to perform.
  Configuration Issues: There may be incorrect or incomplete configuration in the system regarding the assignment of functional areas to cost centers, internal orders, or fixed assets.
  Data Entry Errors: The functional area being used may not be appropriate for the type of transaction or may not be set up correctly in the system.
  
  Solution:
  
  
  Check Functional Area Assignment:
  
  Go to the configuration settings in SAP and verify the assignment of functional areas to fixed assets. Ensure that the functional area you are trying to use is correctly configured.
  Use transaction code OBY6 to check the assignment of functional areas to the relevant accounts.
  
  
  
  Review Transaction Data:
  
  Ensure that the transaction you are trying to execute is appropriate for the functional area assigned. If necessary, change the functional area to one that is not linked to fixed assets.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to functional areas and fixed asset accounting to understand the constraints and requirements.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and data, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Functional Areas: In SAP, functional areas are used for internal reporting and can be linked to various accounting objects. They help in tracking costs and revenues by different segments of an organization.
  Fixed Assets Accounting: This module deals with the management of fixed assets, including acquisition, depreciation, and disposal. It is crucial to ensure that the functional areas used in transactions align with the fixed asset accounting rules.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to manage fixed assets effectively.
  
  By following these steps, you should be able to resolve the error and ensure that your functional area assignments are correctly configured for your financial transactions.