How To Fix FTI024 - The price type is required to calculate market values

SAP Error Message - Details

• Message type: E = Error

• Message class: FTI - Treasury Information System

• Message number: 024

• Message text: The price type is required to calculate market values

What causes this issue?

The price type is required to calculate the market value (for example
the market value in position currency, market price/unit in position
currency). However you have not specified a price type in the report
variant although you selected the key figure &V1& (&V2&).

System Response

The report is terminated.

How to fix this error?

Specify the price type for the report and variant where necessary.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTI024 - The price type is required to calculate market values ?

  The SAP error message FTI024, which states "The price type is required to calculate market values," typically occurs in the context of financial transactions, particularly when dealing with financial instruments or asset valuations in SAP. This error indicates that the system requires a specific price type to perform calculations related to market values, but it has not been provided.
  Cause:
  
  Missing Price Type: The most common cause of this error is that the price type has not been specified in the transaction or configuration settings.
  Configuration Issues: There may be issues in the configuration of the financial instruments or valuation methods that do not define the necessary price types.
  Data Entry Errors: Users may have omitted the price type during data entry or transaction processing.
  Inconsistent Master Data: The master data for the financial instruments may not be set up correctly, leading to missing or incorrect price type information.
  
  Solution:
  
  Specify Price Type: Ensure that the price type is specified in the transaction where the error occurs. This can usually be done in the relevant transaction screen or configuration settings.
  Check Configuration: Review the configuration settings for financial instruments in the SAP system. Ensure that the price types are correctly defined and linked to the relevant valuation methods.
  Review Master Data: Check the master data for the financial instruments involved in the transaction. Ensure that all necessary fields, including price types, are filled out correctly.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on how to set up and use price types in your particular version of SAP.
  User Training: If the error is due to user input, consider providing additional training to users on how to correctly enter data related to financial transactions.
  
  Related Information:
  
  Transaction Codes: Depending on your SAP version, you may need to use specific transaction codes to access the relevant configuration or data entry screens (e.g., FTR_CREATE for creating financial transactions).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP frequently updates its system with fixes and enhancements.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By addressing the missing price type and ensuring proper configuration and data entry, you should be able to resolve the FTI024 error and proceed with your financial transactions.