How To Fix FARR_CONTR_LIFECYCLE058 - Prospective change cannot perform on POB &1 with deferral method changed.

FARR_CONTR_LIFECYCLE058 - Overview

• Message type: E = Error

• Message class: FARR_CONTR_LIFECYCLE - Message from Contract Lifecyle (RAR 2.0 Object Model)

• Message number: 058

• Message text: Prospective change cannot perform on POB &1 with deferral method changed.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTR_LIFECYCLE058 - Prospective change cannot perform on POB &1 with deferral method changed. ?

  The SAP error message FARR_CONTR_LIFECYCLE058 indicates that a prospective change cannot be performed on a Profitability Object (POB) because the deferral method has been changed. This typically occurs in the context of SAP's Financial Accounting and Reporting (FARR) module, particularly when dealing with contracts and their lifecycle management.
  
  Cause:
  The error arises when there is an attempt to make a prospective change (such as modifying a contract or profitability object) while the deferral method associated with that object has been altered. The deferral method is crucial for determining how revenues and expenses are recognized over time, and changing it can affect the integrity of financial reporting.
  
  Solution:
  To resolve this error, consider the following steps:
  
  
  Review the Deferral Method: Check the current deferral method assigned to the Profitability Object (POB) in question. Ensure that it is set correctly according to your business requirements.
  
  
  Revert Changes: If the deferral method was changed recently, consider reverting it back