How To Fix RTP058 - The value of the fair market value is incorrect.

SAP Error Message - Details

• Message type: E = Error

• Message class: RTP - Message class for retirement plans (US enhancement)

• Message number: 058

• Message text: The value of the fair market value is incorrect.

What causes this issue?

The value of the fair market value as stored in the database is
inconsistent with the value of the total mutation amount added to the
fair market value of previous year (in an equation: FMV (this year) =
FMV(previous year) + mutation amount (this year) ).
This situation can arise when back-dated payment items (or payment
orders) are posted after the fair market value for the plan has been
determined.
Example: the fair market value has been determined at December 31,
2001. At January 15, 2002 a back-dated posting is made with a value
date of December 28, 2001. After this posting, the fair market value
determined earlier is no longer correct.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Re-run the calculation of the fair market value for this plan.

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 RTP058 - The value of the fair market value is incorrect. ?

  The SAP error message RTP058, which states "The value of the fair market value is incorrect," typically occurs in the context of asset accounting or financial transactions where fair market values are required for valuation purposes. This error can arise due to several reasons, and understanding the cause is essential for resolving it.
  Causes of RTP058
  
  
  Incorrect Fair Market Value Entry: The value entered for the fair market value may not meet the required criteria or may be outside acceptable ranges.
  
  
  Currency Issues: If the fair market value is specified in a different currency than what is expected, it can lead to discrepancies.
  
  
  Configuration Issues: There may be configuration settings in the asset accounting module that are not set up correctly, leading to validation failures.
  
  
  Data Inconsistencies: There may be inconsistencies in the data related to the asset or transaction, such as missing or incorrect master data.
  
  
  Regulatory Compliance: The fair market value may not comply with local regulations or accounting standards, leading to the error.
  
  
  Solutions to RTP058
  
  
  Verify Fair Market Value: Check the value entered for the fair market value. Ensure it is accurate and within the expected range.
  
  
  Check Currency Settings: Ensure that the currency used for the fair market value matches the currency settings in the system. If necessary, convert the value to the correct currency.
  
  
  Review Configuration: Look into the configuration settings for asset accounting in SAP. Ensure that all necessary parameters are correctly set up.
  
  
  Data Validation: Validate the asset master data and transaction data for any inconsistencies. Correct any errors found in the data.
  
  
  Consult Documentation: Review SAP documentation or help resources for any specific requirements related to fair market value entries.
  
  
  Seek Help from SAP Support: If the issue persists, consider reaching out to SAP support for assistance. They may provide insights based on the specific version of SAP you are using.
  
  
  Related Information
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that deal with asset accounting, such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset).
  
  
  SAP Notes: Check for any SAP Notes related to RTP058 or fair market value issues. SAP Notes often contain patches or workarounds for known issues.
  
  
  User Forums: Engage with SAP user communities or forums where similar issues may have been discussed. Other users may have encountered and resolved the same error.
  
  
  Training and Documentation: Ensure that users involved in asset accounting are adequately trained and have access to documentation that outlines the correct procedures for entering fair market values.
  
  
  By following these steps, you should be able to identify the cause of the RTP058 error and implement a solution to resolve it.