Maintain control indicators for CO area &1 in &2

What causes this issue?

You have not maintained any control indicators in controlling area &V1&
for fiscal year &V2&.

System Response

These indicators are required for postings in CO.

How to fix this error?

Maintain the control indicators for controlling area &V1& in fiscal
year &V2& using CO configuration.

Error message extract from SAP system. Copyright SAP SE.