Diagnosis

For valuation area 04, company code ADD1 still does not contain information about the last closed fiscal year.

System Response

Processing terminates.

Procedure

Check the last closed fiscal year for the valuation area. You can check this in Customizing for Asset Accounting under Make Settings for Company Code (transaction FAA_CMP).

If the last closed fiscal year is initial, the current error message is rightly issued.

To resolve the problem, check whether the Legacy Data Transfer tab contains at least one segment for the legacy data transfer.

• If this is not the case, create a segment with a legacy data transfer date.

• The system then automatically sets the information for the current and closed fiscal years.

• If there is exactly one segment that is not yet closed, try to update the segment by making a change and saving the data.

If it is not possible to set a closed fiscal year for the valuation area, contact SAP

SOLUTION:

STEP 1: Go to T- Code FAA_CMP or follow the below path to configure

STEP 2: Click on Create and provide the Transfer Date, Document Type and then Click on ledger '0L' as shown below

STEP 3: Enter Highest Fiscal Year as 2023 and SAVE.

Thanks,

Adharsh K S