Consolidation frequencies with an incomplete period definition

What causes this issue?

The period ranges for each consolidation frequency must include all
periods between 1 and 12. This is not the case with the following
frequencies:
&V1&

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?

Ensure that the period ranges for the frequencies listed above include
all periods between 1 and 12.

Error message extract from SAP system. Copyright SAP SE.