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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC358 - There is an error in the specifications for area &1 in ch.of dep. &3 ?

  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 and that all necessary settings are in place.
  
  
  
  Review Asset Master Data:
  
  Use Transaction code AS03 to display the asset master data.
  Check the area settings and ensure that the asset is assigned to the correct areas and that all required fields are filled out correctly.
  
  
  
  Validate Depreciation Keys:
  
  Ensure that the depreciation key assigned to the asset is valid for the specified area.
  You can check this in the configuration settings for depreciation keys (Transaction code OADB).
  
  
  
  Check for Missing Entries:
  
  Ensure that all necessary entries for the area in question are present in the configuration tables.
  
  
  
  Consult Documentation:
  
  If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OAV8: Configuration of Chart of Depreciation
  AS03: Display Asset Master Data
  OADB: Configuration of Depreciation Keys
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  
  User Authorization: Ensure that you have the necessary authorizations to view and modify the configuration settings.
  
  
  By following these steps, you should be able to identify and resolve the issue causing the AC358 error message in SAP.