Company Code & not active for JV global company parameters

What causes this issue?

Although company &V1& has been flagged as active for Joint Venture
Accounting in FI (table T001), it has not been properly maintained for
the Joint Venture Accounting Global Company Parameters (table T8JZ).

System Response

You cannot post to this company until it has been deactivated for Joint
Venture Accounting in FI or table T8JZ has been properly maintained.

How to fix this error?

Deactivate Joint Venture Accounting for company &V1& in FI, or properly
maintain <DS:TRAN.GJ43>JVA global company parameters</>

Error message extract from SAP system. Copyright SAP SE.