How To Fix THM_PROSP021 - Prospective effectiveness assessment successfully reversed

SAP Error Message - Details

• Message type: E = Error

• Message class: THM_PROSP - Messages for Prospective Effectiveness Assessment

• Message number: 021

• Message text: Prospective effectiveness assessment successfully reversed

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message THM_PROSP021 - Prospective effectiveness assessment successfully reversed ?

  The SAP error message THM_PROSP021 indicates that a prospective effectiveness assessment has been successfully reversed. This message typically arises in the context of Treasury and Risk Management (TRM) within SAP, particularly when dealing with hedge accounting and effectiveness assessments.
  Cause:
  The error message THM_PROSP021 is not necessarily an error in the traditional sense; rather, it is an informational message indicating that a previously conducted effectiveness assessment has been reversed. This can occur for several reasons, including:
  
  Manual Reversal: A user may have manually reversed the effectiveness assessment due to changes in the underlying hedging relationship or adjustments in the financial instruments involved.
  Data Corrections: Corrections in the data or parameters used for the effectiveness assessment may have necessitated a reversal.
  System Configuration Changes: Changes in the configuration of the hedge accounting settings or related parameters may lead to the need for a reversal.
  
  Solution:
  Since THM_PROSP021 is an informational message, it does not indicate a problem that requires a fix. However, if you need to address the situation or understand the implications of the reversal, consider the following steps:
  
  Review the Reversal: Check the details of the reversal to understand why it was performed. This can usually be done by reviewing the transaction logs or the history of the effectiveness assessments in the system.
  Reassess Effectiveness: If the reversal was not intended, you may need to re-run the effectiveness assessment to ensure that the hedge accounting is correctly applied.
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines regarding hedge accounting and effectiveness assessments to ensure compliance with accounting standards.
  Engage with Stakeholders: If the reversal impacts financial reporting or compliance, engage with relevant stakeholders (e.g., finance team, auditors) to discuss the implications and necessary actions.
  
  Related Information:
  
  Hedge Accounting: Understanding the principles of hedge accounting and effectiveness assessments is crucial for managing financial risks and ensuring compliance with accounting standards (e.g., IFRS 9).
  SAP Notes: Check SAP Notes and Knowledge Base Articles for any updates or specific guidance related to THM_PROSP021 or effectiveness assessments in your version of SAP.
  Training and Support: If you are unsure about the implications of this message or how to proceed, consider seeking training or support from SAP consultants or your internal SAP support team.
  
  In summary, THM_PROSP021 is an informational message indicating a successful reversal of a prospective effectiveness assessment, and while it does not indicate an error, it may require further review and action depending on the context.