Control indicators for controlling area & do not exist

What causes this issue?

No control indicators exist in fiscal year &V2& for controlling area
&V1&.

System Response

No further processing is possible without valid control indicators in
the controlling area.

How to fix this error?

Check your entries or define control indicators for controlling area
&V1&, fiscal year &V2& in configuration. Make sure that the fiscal year
in the control indicators is a "from" fiscal year.

Error message extract from SAP system. Copyright SAP SE.