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

CMS_RE_VAL002 - Overview

• 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.

CMS_RE_VAL002 - Details

• 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