How To Fix UCFU017 - Asset &1: Retirement original cost in prior periods must be equal to zero

SAP Error Message - Details

• Message type: E = Error

• Message class: UCFU - Messages for Assets/Liabilities

• Message number: 017

• Message text: Asset &1: Retirement original cost in prior periods must be equal to zero

What causes this issue?

Whenever the current period is the same as the acquisition period, then
the key figure for the retirement of original cost in prior periods
needs to be equal to zero.

System Response

The data record cannot be processed.

How to fix this error?

Change the retirement of original cost in prior periods to zero.

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 UCFU017 - Asset &1: Retirement original cost in prior periods must be equal to zero ?

  The SAP error message UCFU017 indicates that there is an issue with the retirement of an asset in the Asset Accounting module. Specifically, it states that the original cost of the asset being retired in prior periods must be equal to zero. This error typically arises when there are inconsistencies in the asset's financial data, particularly when trying to retire an asset that has been previously depreciated or has had transactions recorded against it in prior periods.
  Cause:
  
  Prior Period Transactions: The asset has been retired in a prior period, but there are still original costs associated with it that have not been cleared or adjusted.
  Incorrect Asset Data: The asset master data may have inconsistencies, such as incorrect values in the original cost or accumulated depreciation fields.
  Depreciation Issues: If the asset has been depreciated in prior periods, the system expects that the original cost should be zero at the time of retirement.
  Posting Periods: The posting periods may not be open for the necessary adjustments or corrections.
  
  Solution:
  
  Check Asset History: Review the asset history to ensure that there are no outstanding original costs or transactions that need to be addressed. You can do this by using transaction codes like AW01N (Asset Explorer) to view the asset's details.
  Adjust Original Cost: If there are original costs that should not be there, you may need to make adjustments. This could involve reversing prior transactions or adjusting the asset's values.
  Retirement in Current Period: If the asset needs to be retired, ensure that you are doing so in the correct period and that all prior period transactions have been accounted for.
  Consult with Finance Team: If you are unsure about how to proceed, consult with your finance or accounting team to ensure that any adjustments comply with accounting standards and practices.
  Check Posting Periods: Ensure that the posting periods are open for the necessary adjustments. If they are closed, you may need to open them or use a special transaction to make the necessary adjustments.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AW01N (Asset Explorer), ABAVN (Asset Retirement), and others that may help in managing asset transactions.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its knowledge base with solutions to common problems.
  Documentation: Review SAP documentation on Asset Accounting for best practices in managing asset retirements and understanding the implications of prior period transactions.
  
  By following these steps, you should be able to resolve the UCFU017 error and successfully retire the asset in question.