How To Fix THM_EXPOSURE058 - No leading valuation area for hedge accounting in company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: THM_EXPOSURE - E-Hedge Accounting: Exposure

• Message number: 058

• Message text: No leading valuation area for hedge accounting in company code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message THM_EXPOSURE058 - No leading valuation area for hedge accounting in company code &1 ?

  The SAP error message THM_EXPOSURE058 indicates that there is no leading valuation area configured for hedge accounting in the specified company code. This error typically arises in the context of financial instruments and hedge accounting when the system is unable to determine the appropriate valuation area for processing hedging transactions.
  Cause:
  
  Missing Configuration: The leading valuation area for hedge accounting has not been defined for the specified company code.
  Incorrect Settings: The settings in the hedge accounting configuration may not be properly aligned with the company code.
  Valuation Area Not Active: The valuation area that is supposed to be used for hedge accounting might not be active or properly set up.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) and navigate to the following path:
  Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Ledgers -> Define Valuation Areas
  
  Ensure that a leading valuation area is defined for the company code in question.
  
  
  
  Define Leading Valuation Area:
  
  If a leading valuation area is not defined, you will need to create one. This involves specifying the valuation area and linking it to the relevant company code.
  
  
  
  Check Hedge Accounting Settings:
  
  Navigate to the hedge accounting settings in the IMG:
  Financial Risk Management -> Hedge Management -> Basic Settings -> Define Valuation Areas for Hedge Accounting
  
  Ensure that the valuation area is correctly assigned to the company code and that it is marked as the leading valuation area.
  
  
  
  Activate Valuation Area:
  
  If the valuation area exists but is not active, you may need to activate it in the system.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by attempting to execute the transaction that previously resulted in the error.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as SPRO for configuration, OBY6 for company code settings, and OB52 for fiscal year settings.
  Documentation: Refer to SAP documentation or help files for detailed steps on configuring hedge accounting and valuation areas.
  Support: If the issue persists after checking the configuration, consider reaching out to SAP support or consulting with a financial systems expert who specializes in SAP.
  
  By following these steps, you should be able to resolve the THM_EXPOSURE058 error and ensure that your hedge accounting processes function correctly within the specified company code.