Activate Profitability Analysis in controlling area &1 in &2

What causes this issue?

You have assigned to a profitability segment, although Profitability
Analysis is not active in controlling area &V1& in fiscal year &V2&.

System Response

As Profitability Analysis is not active, you cannot execute a check or
a consistent data update in Controlling. The profitability segment you
have entered can be used as a true account assignment object, but will
not be updated.

How to fix this error?

If the limitations detailed under system activities do not present a
problem for you, you can ignore this error message.
To do this, see the Implementation Guide (IMG) "Controlling General"
under workstep <DS:SIMG.SIMG_CFMENUORK3OBA5>"Change Message
Control"</> (message class "KI", message number "144").

Error message extract from SAP system. Copyright SAP SE.