Define controlling area &

What causes this issue?

Controlling area &V1& is specified in one of the selected settlement
objects, but has not been defined.

System Response

Processing stops.

How to fix this error?

Check whether the controlling area does actually exist, or whether this
is a data error in the settlement object.
Depending on what you find, notify the person responsible for
maintaining controlling areas, or your system administrator.

Error message extract from SAP system. Copyright SAP SE.