How To Fix CMS_RE_VAL003 - Incorrect formula definition for component &1

CMS_RE_VAL003 - Overview

• Message type: E = Error

• Message class: CMS_RE_VAL - Real estate valuation

• Message number: 003

• Message text: Incorrect formula definition for component &1

What causes this issue?

Formula for the component is defined incorrectly.

System Response

How to fix this error?

Maintain a corrrect 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.

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

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Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CMS_RE_VAL003 - Incorrect formula definition for component &1 ?

  The SAP error message CMS_RE_VAL003 indicates that there is an incorrect formula definition for a component in the context of the SAP system, particularly in the area of the SAP Controlling (CO) module or the SAP Product Costing module. This error typically arises when there is an issue with the configuration of a formula used in cost planning or valuation.
  
  Cause:
  The error can be caused by several factors, including:
  
  Incorrect Formula Syntax: The formula defined for the component may have syntax errors or may not conform to the expected format.
  Missing Components: The formula may reference components or variables that are not defined or do not exist in the system.
  Inconsistent Data: There may be inconsistencies in the data used in the formula, such as incorrect data types or incompatible values.
  
  Configuration Issues: The configuration settings for the component or the formula may not be set up correctly in the system.
  
  
  Solution:
  To resolve the error, you