3377524 - Error FCO_AVC082 appears after activating Commitment Management

After activating Commitment Management on a Cost Center you encounter the error FCO_AVC082 and you see that Commitments have not been processed. 

SAP S/4HANA Cloud

Extension ledger has not been created to support Commitments.

Please refer to the following SAP Help documentation - 

Extension Ledger

To create an extension ledger, open the Define Extension Ledger configuration activity.

When you create an extension ledger, you also have to specify the underlying ledger as well as the extension ledger type.

The extension ledger type indicates what type of journal entries is posted to this extension ledger. 

There are a number of types of extension ledgers available. For more information, see Extension Ledger Types.

Commitments management, No commitment, FCO_AVC 082, activate commitment management, cost center, purchase order commitment, update commitment , KBA , CO-OM-OPA-D , Commitments , CO-OM-CCA-AVC-2CL , Cost Center Budget Availability Control (Public Cloud) , Problem

SAP S/4HANA Cloud Public Edition all versions ; SAP S/4HANA Cloud all versions