SYST: Error when calculating last day in fiscal period --> F1

What causes this issue?

An error occurred when determining the last day of the fiscal period
&V2& &V1& in period version &V3&.

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?

There are three things which could lead to this error:
The period version &V3& allocated to the company code, has not been
created. In this case, you should create the period version.
The period version has been created, however the allocation of calendar
dates to the fiscal periods has not been correctly performed, or in
particular with calendar-dependent period versions has not been
completely performed.
The fiscal period &V2& &V1& is invalid. This is a system error. Please
contact your Systems Specialist.

Error message extract from SAP system. Copyright SAP SE.