No authorization for ledger &1, version &2, record type &3

What causes this issue?

To execute this report, you need authorization for ledger &V1& version
&V2& and record type &V3&. As you do not have these authorizations, you
cannot execute this report.

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?

Procedure for System Administrators

Authorization for authorization object G_GLTP can be obtained from your
systems administrator.

Error message extract from SAP system. Copyright SAP SE.