Information about last completed fiscal year is incomplete

What causes this issue?

For valuation area &V2&, company code &V1& still does <ZH>not</> contain
information about the last closed fiscal year.

System Response

Processing terminates.

How to fix this error?

IF &[SWITCH]S4H_DOCU_CLOUD& = 'X'.
Check the last closed fiscal year for the valuation area. To do so, open
the <LS>Make Company Code Settings</> app.
ELSE.
Check the last closed fiscal year for the valuation area. You can check
this in Customizing for <LS>Asset Accounting</> under
<DS:SIMG.FAA_CMP_DC>Make Settings for Company Code</> (transaction <AB>
FAA_CMP</>).
ENDIF.
If the last closed fiscal year is initial, the current error message is
rightly issued.
To resolve the problem, check whether the <LS>Legacy Data Transfer</>
tab contains at least one segment for the legacy data transfer.
If this is <ZH>not</> the case, create a segment with a legacy data
transfer date.
The system then automatically sets the information for the current and
closed fiscal years.
If there is exactly one segment that is <ZH>not</> yet closed, try to
update the segment by making a change and saving the data.
If it is <ZH>not</> possible to set a closed fiscal year for the
valuation area, contact SAP.

Procedure for System Administrators

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.