3471009 - Highest fiscal year is not derived when setting Legacy Transfer Date in Make Company Code Settings app.

The Highest fiscal year is not derived in the Make Company Code Settings app after saving a legacy transfer date. 

OR

Error FAA_CMP047 (Posting not possible in company code &&&&; specify open fiscal year) is given after executing a balance carryforward. 

S/4Hana Cloud. 

Make Company Code Settings app.
Create a new legacy segment with the Transfer Status "Ongoing (Other Postings Allowed)".
Save the segment and no Highest fiscal year is derived. 

The Highest fiscal year will only be derived when the LDT Segment was saved in Status "In Preparation" and if it is the first created segment.

Create the segment in the "In Preparation" status and save. 

3423213    Posting not possible in company code; specify open fiscal year - FAA_CMP047

FAA_CMP047 Balance Carryfoward Status Carry Forward.  , KBA , FI-AA-AA-A-2CL , Master Data (Public Cloud) , Problem