T-CODE MB1C:Control indicators for controlling area 0002 do not exist?

Question

Dear all.
I want to use the T-CODE MB1C to increase one material's Inventory and the Movement Type was 501.But went I input the material and the quantity,the sap show the error message like below.Is there any one could tell me how to resolve the problem or give me some advice?I will appreciate him/her very much.Thank you.
error message:
Control indicators for controlling area 0002 do not exist
Message no. KI102
Diagnosis
No control indicators exist in fiscal year 2007 for controlling area 0002.
System Response
No further processing is possible without valid control indicators in the controlling area.
Procedure
Check your entries or define control indicators for controlling area 0002, fiscal year 2007 in configuration. Make sure that the fiscal year in the control indicators is a "from" fiscal year.

Answer 1

Hi!
Please try the following.
T.code: OKKP, select controlling area 0002 and choose details. There in field "CCtr Std. Hierarchy", some input should be maintained. If that field is blank, then input the value as " STD-HIER" and save it.
Now select the same controlling area(0002) and double click on "Activate components/cost indicators" tab. Select " New entries" and input fiscal year 2007. In the same screen, under activatecomponents, select " 1 component activate" for "cost centers, order management, profit analysis and Acty-based costing".
Also tick the check boxes of " Profit center aactg, projects, sales orders, cost objects".
Under other indicators, tick the check box " All currencies" and save it.
Now try your requirement. I hope that error should not come this time.
Kindly let me know the status.
Thanks & Regards,
Gopi Chand.