Checking old authorization objects is no longer supported

What causes this issue?

Authorization checks for individual master data values using old
authorization objects are no longer supported.
Conversion to the new authorization objects is required.

System Response

The current transaction is terminated.

How to fix this error?

Inform your system administrator about the settings required.
The following steps are required:
Deactivation of the <DS:DE.FM_AUTH_CHECK_OLD>old authorization checks</>
using transaction <ZH>SM30</> and the maintenance view <ZH>VV_FMISPS_4
</>
Introduction of authorization groups for all master data values that
require an authorization check.
Conversion of authorization profiles for all system users to new
authorization objects in Funds Management.

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.