SAP Message RM786 - Incorrect authorization profile for authorization object &1

Diagnosis
The action you want to carry out requires an authorization check. Here,an error occurred.

System Response
The following reasons for the error exist:
In the user master record, no authorization (value) exists for theauthorization object <(>&<)>1.
No profile has been entered in the user master record.
The authorization in the user master record is damaged.

Procedure
Inform your system administrator.

Procedure for System Administration
Check the enteries in the authorization profiles or in the user masterdata.