How To Fix AC358 - There is an error in the specifications for area &1 in ch.of dep. &3

AC358 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 358

• Message text: There is an error in the specifications for area &1 in ch.of dep. &3

What causes this issue?

Area &V1& has a different currency than the local currency of its
company code &V2&.
Generally, you only need depreciation areas in a foreign currency for
group valuation. However, when carrying out a group consolidation, it
is necessary to be able to distinguish between value differences caused
by fluctuating currencies and differences because of different
valuation bases/depreciation. Therefore, the system guarantees that you
can only define depreciation areas in a foreign currency with mandatory
takeover of APC and depreciation terms from another area (in the local
currency).

How to fix this error?

You can manage a depreciation area in a foreign currency and with a
different valuation base. In order to do this, you have to first create
a depreciation area (with the desired valuation base) in the local
currency, and with <ZH>mandatory, identical</> takeover of APC and
depreciation terms into the foreign currency depreciation area. There
is an indicator for this in the Customizing definition of the foreign
currency depreciation area.

Error message extract from SAP system. Copyright SAP SE.

AC358 - Details

• The SAP error message AC358 indicates that there is an issue with the specifications for a particular area in the chart of depreciation. This error typically arises in the context of Asset Accounting (FI-AA) when there are inconsistencies or missing configurations related to the area specified in the error message.
  
  Cause:
  
  Missing Configuration: The area specified in the error message may not be properly configured in the chart of depreciation.
  Inconsistent Data: There may be inconsistencies in the asset master data or the configuration settings for the specified area.
  Incorrect Area Assignment: The asset may be assigned to an area that is not valid or does not exist in the chart of depreciation.
  Depreciation Key Issues: The depreciation key assigned to the asset may not be valid for the specified area.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for the chart of depreciation (Transaction code OAV8).
  Verify that the area specified in the error message is correctly configured