How To Fix VAL055 - Position &1 &2 cannot be impaired since it has been designated

SAP Error Message - Details

• Message type: E = Error

• Message class: VAL - Treasury: Messages for General Valuation

• Message number: 055

• Message text: Position &1 &2 cannot be impaired since it has been designated

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message VAL055 - Position &1 &2 cannot be impaired since it has been designated ?

  The SAP error message VAL055 indicates that a specific position (identified by the parameters &1 and &2) cannot be impaired because it has been designated. This typically occurs in the context of asset management or valuation processes within SAP, particularly when dealing with asset impairments.
  Cause:
  The error arises when you attempt to perform an impairment on an asset that has been marked as "designated." In SAP, a designated asset is one that has been specifically selected for a certain purpose, such as being part of a group of assets that are not eligible for impairment due to accounting policies or business rules.
  Solution:
  To resolve this error, you can consider the following steps:
  
  
  Check Designation Status: Verify the designation status of the asset. You can do this by navigating to the asset master data and checking the relevant fields that indicate whether the asset is designated.
  
  
  Review Business Rules: Understand the business rules or accounting policies that apply to the asset. If the asset is designated for a specific purpose, you may need to follow the appropriate procedures for handling designated assets.
  
  
  Change Designation: If it is appropriate to do so, you may need to change the designation of the asset. This can typically be done in the asset master record. However, ensure that this change complies with your organization's accounting policies.
  
  
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for handling designated assets and impairments. This can provide insights into the correct procedures to follow.
  
  
  Contact Support: If you are unsure about how to proceed or if the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert who can provide guidance based on your specific configuration and business processes.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS02 (Change Asset Master Record) and AW01N (Asset Explorer) to manage asset data.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  Training and Documentation: Ensure that users involved in asset management are trained on the implications of designating assets and the processes for impairment.
  
  By following these steps, you should be able to address the VAL055 error and proceed with your asset management tasks.