Customizing for valuation class &1 and valuation area &2 missing

What causes this issue?

The necessary Customizing settings have not been made.

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?

To make the missing Customizing settings, navigate to <LS>Financial
Suppy Chain Management -> Treasury Risk Management -> Transaction
Manager -> General Settings -> Accounting -> Settings for Position
Management -> </>
<DS:SIMG.BEWERTUNGSKLASSEN>Define and Assign Valuation Classes</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.