How To Fix VAL812 - No impairment procedure is defined for position management procedure &1

VAL812 - Overview

• Message type: E = Error

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

• Message number: 812

• Message text: No impairment procedure is defined for position management procedure &1

What causes this issue?

You want to record an impairment for a position with position management
procedure &V1&.
However an impairment procedure has not been defined for this position
management procedure.

System Response

Processing is terminated.

How to fix this error?

Specify an impairment procedure for position management procedure &V1&.
If necessary, define an impairment procedure beforehand.

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 VAL812 - No impairment procedure is defined for position management procedure &1 ?

  The SAP error message VAL812 indicates that there is no impairment procedure defined for the specified position management procedure in the system. This error typically arises in the context of asset accounting or financial management when the system is trying to process an impairment for an asset but cannot find the necessary configuration.
  
  Cause:
  
  Missing Configuration: The primary cause of this error is that the impairment procedure has not been defined for the specific position management procedure in the system.
  Incorrect Customization: The configuration settings for asset accounting may not have been set up correctly, or the relevant settings may have been omitted during system implementation or upgrades.
  Position Management Procedure Not Assigned: The position management procedure that is being referenced may not be properly assigned to the asset or may not exist in the system.
  
  
  Solution:
  To resolve the VAL812 error, you can follow these steps:
  
  
  Define Impairment Procedure:
  
  Go to the SAP Customizing Implementation Guide (IMG).
  Navigate