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

SAP Error Message - Details

• 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.

,,

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 can take the following steps:
  
  
  Check Formula Definition:
  
  Go to the relevant configuration area in SAP (e.g., transaction codes like OKTZ for cost planning).
  Review the formula definition for the component indicated in the error message.
  Ensure that the syntax is correct and that all referenced components are valid.
  
  
  
  Validate Components:
  
  Verify that all components used in the formula are defined and active in the system.
  Check for any missing or inactive components that the formula relies on.
  
  
  
  Review Data Consistency:
  
  Ensure that the data types and values used in the formula are consistent and compatible.
  Check for any discrepancies in the data that could lead to the error.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for guidance on the correct formula syntax and configuration settings.
  
  
  
  Test Changes:
  
  After making any changes to the formula or configuration, test the changes in a development or test environment before applying them to production.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists, consider reaching out to SAP support or consulting with an SAP expert who can provide more specific guidance based on your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OKTZ (for cost planning) or CK11N (for product costing) to navigate the configuration settings.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that address known issues.
  Community Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify and resolve the cause of the CMS_RE_VAL003 error in your SAP system.