How To Fix THM_PROSP020 - Retrospective effectiveness assessment successfully reversed

SAP Error Message - Details

• Message type: E = Error

• Message class: THM_PROSP - Messages for Prospective Effectiveness Assessment

• Message number: 020

• Message text: Retrospective effectiveness assessment successfully reversed

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message THM_PROSP020 - Retrospective effectiveness assessment successfully reversed ?

  The SAP error message THM_PROSP020 indicates that a retrospective effectiveness assessment has been successfully reversed. This message typically arises in the context of hedge accounting within SAP Treasury and Risk Management (TRM). 
  Cause:
  The error message is not necessarily an error in the traditional sense; rather, it is an informational message indicating that a previously executed retrospective effectiveness assessment has been reversed. This can occur for several reasons, including:
  
  Manual Reversal: A user may have manually reversed the effectiveness assessment for a hedge relationship.
  Data Correction: Changes in the underlying data or parameters that necessitate a reversal of the previous assessment.
  System Configuration: Changes in the configuration of the hedge accounting settings that affect how effectiveness assessments are processed.
  
  Solution:
  Since this message indicates a successful reversal rather than an error, the solution depends on the context of the reversal:
  
  Review the Reversal: Check the details of the reversal to ensure it was intended. You can do this by reviewing the hedge relationship and the associated effectiveness assessments.
  Reassess Effectiveness: If the reversal was not intended, you may need to re-run the effectiveness assessment for the hedge relationship. This can typically be done through the relevant transaction in SAP.
  Check Configuration: If the reversal was due to a configuration change, ensure that the settings for hedge accounting are correctly configured to prevent unintended reversals in the future.
  Consult Documentation: Refer to SAP documentation or help resources for specific steps on how to handle effectiveness assessments and reversals in your version of SAP.
  
  Related Information:
  
  Hedge Accounting: Understanding the principles of hedge accounting is crucial, as it involves managing financial risks and ensuring compliance with accounting standards.
  Effectiveness Assessment: This is a critical process in hedge accounting that evaluates whether a hedging relationship is effective in offsetting changes in the fair value or cash flows of the hedged item.
  SAP Notes: Check SAP Notes for any known issues or updates related to hedge accounting and effectiveness assessments. This can provide insights into any bugs or enhancements that may affect your processes.
  
  If you continue to experience issues or if the reversal was unexpected, it may be beneficial to consult with your SAP support team or a consultant specializing in SAP Treasury and Risk Management.