How To Fix THM_CENTRAL224 - Calc. type for retrospective effectiveness assessmnt has not been entered

SAP Error Message - Details

• Message type: E = Error

• Message class: THM_CENTRAL - Central messages for E-HA

• Message number: 224

• Message text: Calc. type for retrospective effectiveness assessmnt has not been entered

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message THM_CENTRAL224 - Calc. type for retrospective effectiveness assessmnt has not been entered ?

  The SAP error message THM_CENTRAL224 indicates that a calculation type for retrospective effectiveness assessment has not been entered in the system. This error typically arises in the context of Treasury and Risk Management (TRM) when dealing with hedging relationships and effectiveness assessments.
  Cause:
  The error occurs when the system expects a calculation type to be defined for assessing the effectiveness of a hedging relationship, but it has not been specified. This can happen due to:
  
  Missing Configuration: The necessary configuration for the effectiveness assessment has not been set up in the system.
  Incorrect Master Data: The master data for the hedging relationship may not have the required fields filled out.
  Transaction Settings: The specific transaction or document being processed may not have the required settings for effectiveness assessment.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for Treasury and Risk Management.
  Ensure that the calculation type for retrospective effectiveness assessment is defined. This can typically be found in the customizing settings under:
  
  SPRO > Financial Supply Chain Management > Treasury and Risk Management > Hedging > Define Calculation Types for Effectiveness Assessment.
  
  
  Make sure that the calculation type is correctly assigned to the relevant hedging relationships.
  
  
  
  Review Master Data:
  
  Check the master data for the hedging relationship in question. Ensure that all required fields, including the calculation type for effectiveness assessment, are filled out correctly.
  
  
  
  Transaction Settings:
  
  If you are processing a specific transaction, verify that the transaction settings allow for effectiveness assessment and that the necessary parameters are set.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to Treasury and Risk Management for additional guidance on setting up effectiveness assessments.
  
  
  
  Testing:
  
  After making the necessary changes, test the process again to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Effectiveness Assessment: This is a critical part of hedge accounting, where the effectiveness of a hedging relationship is evaluated to ensure compliance with accounting standards (e.g., IFRS 9).
  Hedging Relationships: These are established to manage financial risks, and proper configuration is essential for accurate reporting and compliance.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.