3436452 - Setting posting periods leads to error message FAA_CMP116

You set the posting periods in the app Manage Posting Periods. The first open posting period (normal posting period or adjustment posting period) is in fiscal year YYYY for a specific combination of company code and ledger.

However, there are still open fiscal years in depreciation areas of Asset Accounting before fiscal year YYYY.

This is not allowed. A fiscal year is to be closed first in Asset Accounting and then in General Ledger Accounting.

Therefore, the system issues error message FAA_CMP116 'First close the fiscal years before YYYY in FI-AA'.

SAP S/4HANA Cloud 2402 or a later release

FAA_CMP116, FAA_CMP 116, posting periods, First close the fiscal years before, new posting period, Manage Posting periods, F2293, close the fiscal years, posting period error , KBA , FI-FIO-AA-2CL , Fiori UI for Asset Accounting (Public Cloud) , FI-FIO-GL-PER-2CL , Periodic Activities Applications in General Ledger (PubC) , Problem