Fiscal year error in AA

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I am trying to procure an asset from a vendor. Purchase order is generated and at the time of MIGO the system giving a message saying that "You can't post to asset in company code 1000 fiscal year 2008. The capitalization date is 01.04.2007. when I try to change the date to 01.04.2008 the system is saying that the capitalization date is in future.

I have checked TC:OB52 u2013 Year 2008 is open.

Checked OAAQ u2013 year 2007 is closed.

Checked AJAB u2013 it is showing year 2007.

I have tried AJRW. But it is giving the following message: NOTE: The fiscal year change is only a technical step,

needed in order to carry forward all assets into the new fiscal year. The fiscal year change has nothing to do with

the YEAR-END CLOSING for bookkeeping. In order to close the annual values in Asset Accounting for a given fiscal year

you are required to carry out YEAR-END CLOSING in Asset Accounting BEFORE the year-end closing for the general ledger.

What i need to check the settings???