How To Fix FARR_FOUNDATION058 - You are about to exclude 2nd and 3rd local currencies from rev. act.

FARR_FOUNDATION058 - Overview

• Message type: E = Error

• Message class: FARR_FOUNDATION - Revenue Accounting - Foundation

• Message number: 058

• Message text: You are about to exclude 2nd and 3rd local currencies from rev. act.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_FOUNDATION058 - You are about to exclude 2nd and 3rd local currencies from rev. act. ?

  The SAP error message FARR_FOUNDATION058 typically occurs in the context of the Asset Accounting (FI-AA) module, particularly when dealing with the configuration of local currencies in the context of revenue accounting. This message indicates that you are attempting to exclude the 2nd and 3rd local currencies from revenue accounting activities, which may not be allowed or could lead to inconsistencies in financial reporting.
  
  Cause:
  
  Configuration Settings: The system is configured in such a way that it does not allow the exclusion of 2nd and 3rd local currencies from revenue accounting. This could be due to specific settings in the asset accounting configuration.
  Data Integrity: Excluding these currencies may lead to data integrity issues, especially if transactions have already been recorded in those currencies.
  Business Rules: Your organization may have business rules that require all local currencies to be included in revenue accounting for compliance or reporting purposes.
  
  
  Solution:
  
  Review Configuration: Check the configuration settings in the