Skip to Content
avatar image
Former Member

Impact of Asset fiscal year opened

Hi:

W hat is the impact is in AA if previous fiscal year has been left as opened . ?

Br

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

3 Answers

  • Best Answer
    Dec 21, 2011 at 08:03 AM

    If you do not close the Fiscal year, below error will appear and you can not proceed further for any transactions in next year

    You cannot post to asset in company code XXXX fiscal year XXXX

    Message no. AA347

    Diagnosis

    A fiscal year change has not yet been performed in Asset Accounting for company code XXXX

    Procedure : Check the asset value date.

    You need to change the date to previous year and FI periods need to be opened at OB52 which is generally not acceptable.

    Srinivas

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Dec 21, 2011 at 07:52 AM

    dear

    will impact all the periodic processing transactions like depreciation run, if you running reval asset it will ask for closing of previous fiscal year.execute AJAB at year end its mandatory.

    regards

    rohit

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Jan 02, 2012 at 04:33 AM

    The issue is not resolved yet. The closed fiscal year for co code A in prd OAAAQ is 2010 (it should have been 2011,had it been it closed)but still user can make posting to the asset , execute depreciation run. I do not know why it is happening.

    Add comment
    10|10000 characters needed characters exceeded

    • Former Member Former Member

      You can do postings in 2012 because, 2012 is open in Asset accounting and Financial Accounting (Period 7)

      Please not at any point of time 2 years can be open in Asset accounting.