How To Fix FTOE_HREQ_CORE023 - No settings for hedge accounting in hedging area &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FTOE_HREQ_CORE - Messages for Hedge Requests

• Message number: 023

• Message text: No settings for hedge accounting in hedging area &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTOE_HREQ_CORE023 - No settings for hedge accounting in hedging area &1 ?

  The SAP error message FTOE_HREQ_CORE023 indicates that there are no settings for hedge accounting in the specified hedging area. This error typically arises when you are trying to perform operations related to hedge accounting, but the necessary configuration for that specific hedging area has not been set up in the system.
  Cause:
  
  Missing Configuration: The hedging area specified in the error message does not have the required settings for hedge accounting. This could be due to the hedging area not being properly defined or activated in the system.
  Incorrect Hedging Area: The hedging area you are trying to use may not be the correct one for the transaction you are attempting to process.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to access or modify the settings for the hedging area.
  
  Solution:
  
  
  Check Hedging Area Configuration:
  
  Go to the transaction code OTC1 (or the relevant configuration transaction) to check the settings for the hedging area.
  Ensure that the hedging area is properly defined and that all necessary parameters for hedge accounting are set up.
  
  
  
  Define Hedge Accounting Settings:
  
  If the hedging area is not configured, you will need to define the hedge accounting settings. This includes specifying the relevant accounting principles, risk management settings, and other parameters that are necessary for hedge accounting.
  
  
  
  Review Transaction Data:
  
  Verify that the transaction you are trying to process is correctly linked to the hedging area in question. Ensure that the hedging area is appropriate for the type of transaction.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to access and modify the hedging area settings. If not, contact your system administrator to grant the required permissions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed guidance on configuring hedge accounting and troubleshooting related issues.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OTC1 (Hedging Area Configuration), FTR_EDIT (Hedge Management), and FTR_CREATE (Create Hedge).
  SAP Notes: Check for any SAP Notes related to hedge accounting and the specific error message for additional insights or patches that may resolve the issue.
  SAP Community: Engage with the SAP Community forums for discussions and solutions shared by other users who may have encountered similar issues.
  
  By following these steps, you should be able to resolve the error message FTOE_HREQ_CORE023 and ensure that your hedge accounting settings are correctly configured.