SSRS Error 3: The configuration file contains an element that is not valid. The ReportServerUrl element is not a configuration file element.

My Environment:

1. SSRS 2005 64bit

2. Windows 2008 R2 64bit

3. IIS 7.5

4. After completing the Reporting services set-up, I have got all necessary green mark  on the configuration manager window.

Then I tried to access the Reports url http://localhost/reports and I have got the following error message!

And the Source Error and Stack trace are:

To fix this issue, just follow these steps, the same modification of the “RSWebApplication.config” will solve this issue too.

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