How To Fix AC357 - Area &1 for value takeover in ch.of dep. &3 is managed in forgn currency

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 357

• Message text: Area &1 for value takeover in ch.of dep. &3 is managed in forgn currency

What causes this issue?

According to its definition, area &V2& is managed in local currency,
and is supposed to take over acquisition values from area &V1&, which
is managed in a different currency. This specification is not correct.
An area managed in local currency can only take over values from
another area managed in local currency.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Check the specifications for both areas in FI-AA Customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC357 - Area &1 for value takeover in ch.of dep. &3 is managed in forgn currency ?

  The SAP error message AC357 indicates an issue related to the area of depreciation in asset accounting, specifically when dealing with foreign currency valuations. The message typically arises when there is an attempt to take over values in a depreciation area that is set up to manage values in a foreign currency, but the system encounters a problem with the data being processed.
  Cause:
  
  Foreign Currency Configuration: The depreciation area in question is configured to manage values in a foreign currency, but the values being taken over may not be compatible with this configuration.
  Missing or Incorrect Currency Settings: The asset master record may not have the correct currency settings, or the currency conversion rates may not be properly maintained.
  Inconsistent Data: There may be inconsistencies in the data being processed, such as incorrect amounts or missing information that prevents the system from completing the value takeover.
  
  Solution:
  
  Check Depreciation Area Settings: Review the configuration of the depreciation area (in transaction OAYZ) to ensure it is set up correctly for foreign currency management.
  Verify Asset Master Record: Check the asset master record (transaction AS03) to ensure that the currency settings are correct and that the asset is properly configured for the depreciation area in question.
  Currency Conversion Rates: Ensure that the currency conversion rates are maintained and up to date in the system (transaction OB08).
  Data Consistency: Review the data being processed for the value takeover to ensure that all required fields are filled out correctly and that the amounts are valid.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling foreign currency in asset accounting.
  
  Related Information:
  
  Transaction Codes: 
  
  AS03: Display Asset
  OAYZ: Configure Depreciation Areas
  OB08: Maintain Exchange Rates
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered similar issues.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant specializing in asset accounting for further assistance.