No valuation profile assigned to CO area &1 (Ledger &2 CCode &3)

What causes this issue?

A currency type that represents a valuation view has been assigned to
company code &V3& in ledger &V2&. However, no currency and valuation
profile has been assigned to controlling area &V1&.

System Response

The system displays an error.

How to fix this error?

If you want to use valuation currency types, you need to assign a
profile to the controlling area.

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.