How To Fix CMS_RE_VAL002 - Formula for component &1 not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_RE_VAL - Real estate valuation

• Message number: 002

• Message text: Formula for component &1 not defined

What causes this issue?

You have not defined a valid formula for the component &1 in the
Customizing.

System Response

System does not find the formula for the component at runtime and
returns an error.

How to fix this error?

Maintain a correct syntactic formula for the component in the
Implementation Guide (IMG) activity <DS:SIMG.SIMG_CMS_RE_VAL_COMP>Assign
Valuation Methods to Components for a Generic Implementation</>.

Procedure for System Administrators

Check the formula definition in the Customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CMS_RE_VAL002 - Formula for component &1 not defined ?

  The SAP error message CMS_RE_VAL002 indicates that a formula for a specific component (denoted by &1) is not defined in the system. This error typically arises in the context of SAP's Controlling (CO) module, particularly when dealing with cost planning, cost allocation, or other related functionalities.
  Cause:
  
  Missing Formula Definition: The most common cause is that the formula for the specified component has not been defined in the system. This could happen if the configuration was not completed or if the formula was deleted or not transported correctly.
  Incorrect Configuration: There may be an issue with the configuration settings in the controlling area or the specific application area where the formula is expected to be used.
  Transport Issues: If the system is newly set up or if changes were made in a development environment and not properly transported to the production environment, the formula may be missing.
  
  Solution:
  
  
  Define the Formula:
  
  Go to the relevant configuration area in SAP (usually under the Controlling module).
  Navigate to the section where formulas are defined (e.g., in the Cost Center Accounting or Profitability Analysis).
  Create or define the missing formula for the component in question.
  
  
  
  Check Configuration:
  
  Review the configuration settings for the controlling area or the specific application area to ensure that all necessary formulas are defined.
  Ensure that the component is correctly set up and linked to the appropriate formulas.
  
  
  
  Transport Requests:
  
  If the issue is due to missing transports, check the transport requests to ensure that all necessary changes have been moved from the development environment to the production environment.
  If needed, re-transport the relevant configuration.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for guidance on how to define formulas and the specific requirements for the component in question.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above steps, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OKB9 (for defining formulas in Cost Center Accounting) or KE4I (for Profitability Analysis) depending on where the error is occurring.
  Authorization: Ensure that you have the necessary authorizations to make changes to the configuration.
  Testing: After defining the formula, perform tests to ensure that the error does not reoccur and that the calculations are working as expected.
  
  By following these steps, you should be able to resolve the CMS_RE_VAL002 error and ensure that the necessary formulas are defined for the components in your SAP system.