Cons group &1 is invalid or contains no cons units in period &2

What causes this issue?

Interunit elimination was started for consolidation group &V1&. This
consolidation group is not available in dimension &V3&, or it contains
no consolidation units in the current period (&V2&).

System Response

Interunit elimination can not be executed for consolidation group &V1&.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.