Valuation view &4 not defined in controlling area &3

What causes this issue?

The Customizing settings for <LS>Multiple Accounting Principles in
Controlling (COGM)</> contain an entry for company code &V1& with
<LS>Update Exclusively in Leading or Parallel Version</> = <LS>&V2&</>.
However, no version exists with a corresponding valuation view &V4& in
controlling area &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?

Please go to Customizing activity
<DS:SIMG.V_FCML_MLCO_COFI>Set Up Integration with G/L for Multiple
Accounting Principles in Controlling (COGM)</> to correct these
settings.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.