How To Fix VAL801 - Impairment price or impairment value was not found for key date &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 801

• Message text: Impairment price or impairment value was not found for key date &1

What causes this issue?

You want to record an impairment for a position. To enable this, an
impairment rate or an impairment value must be entered in the system for
the position.
The system was unable to determine an impairment rate or an impairment
value for the key date. The position is characterized by the following:
valuation area &V2&, company code &V3&, ID number or loan contract &V4&.

System Response

Processing is terminated.

How to fix this error?

Enter an impairment rate or impairment value in the system using the
transaction Enter Prices/Net Present Values for Special Valuation
(TPM73)

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 VAL801 - Impairment price or impairment value was not found for key date &1 ?

  The SAP error message VAL801 indicates that the system could not find an impairment price or impairment value for a specified key date. This typically occurs in the context of asset accounting or valuation processes, particularly when dealing with impairment testing or asset valuation adjustments.
  Cause:
  
  Missing Data: The impairment price or value for the specified key date may not have been maintained in the system. This can happen if the necessary data was not entered or updated in the asset master records or valuation tables.
  Incorrect Key Date: The key date specified in the transaction may not correspond to any existing impairment data. This could be due to a typo or misunderstanding of the date format.
  Configuration Issues: There may be configuration issues in the asset accounting module that prevent the system from retrieving the correct impairment values.
  Data Migration Issues: If data was migrated from another system, there may be gaps or inconsistencies in the impairment data.
  
  Solution:
  
  Check Asset Master Data: Verify that the impairment prices or values are correctly maintained in the asset master data for the relevant asset. You can do this by navigating to the asset master record and checking the impairment information.
  Review Key Date: Ensure that the key date you are using is correct and corresponds to a date for which impairment data exists. If necessary, adjust the key date to one that has valid data.
  Maintain Impairment Values: If the impairment values are missing, you may need to enter them manually or run a process to calculate and update them based on your organization's policies.
  Configuration Check: Review the configuration settings in the asset accounting module to ensure that everything is set up correctly for impairment valuation.
  Consult Documentation: Refer to SAP documentation or help resources for specific instructions on how to maintain impairment values and prices.
  Contact Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) to manage asset data.
  SAP Notes: Check for any SAP Notes related to VAL801 for potential bug fixes or additional guidance.
  Training and Documentation: Ensure that users involved in asset management are trained on how to maintain impairment data and understand the implications of impairment testing.
  
  By following these steps, you should be able to resolve the VAL801 error and ensure that your asset impairment data is correctly maintained in SAP.