Company code & requires valid fiscal year version & (Please define)

What causes this issue?

You have specified fiscal year version &V2& for company code &V1&. Your
fiscal year version has not been defined.

System Response

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

How to fix this error?

Define the fiscal year version using the Financial Accounting
Customizing functions.

Error message extract from SAP system. Copyright SAP SE.