3443645 - FAA_POST895 - 'CoCode &1: Creation and settlement of independent AuC is not supported.' when creating an AuC asset (asset class 4000) - SAP S/4HANA Cloud

When creating an AuC asset (asset class 4000) using the Manage Fixed Assets app or Manage Legacy Assets app, the system displays the error message FAA_POST895 - 'CoCode &1: Creation and settlement of independent AuC is not supported.'

SAP S/4HANA Cloud

1. Open Manage Fixed Assets app or Manage Legacy Assets app.
2. Click "create" button
3. Fill out the mandatory fields
4. Click "OK"
5. Error message FAA_POST895 - 'CoCode &1: Creation and settlement of independent AuC is not supported.' appears

The ledgers assigned to the company code have been assigned different fiscal year ledgers.
Eg 0L is assigned K4 fiscal year variant, 2L is assign V3 fiscal year variant. 

Create project with a WBS element instead of an independent asset under construction (AUC).

SAP Help  Alternative Fiscal Year Variant and Its Effects on Transactions

See Functions Not Supported section.

You cannot use independent assets under construction. This means that: You can neither create assets under construction nor settle them to completed assets.

AUC, FAA_POST895, Create , KBA , FI-FIO-AA-MD-2CL , Fiori Apps for Asset Master Data (Public Cloud) , Problem