When we have already defined Controlling Area assigned to our company code, it is time to activate the controlling components that we are going to use. The activation of submodules is done on Controlling Area organizational structure and therefore it is applicable to all company codes.
IMG Path: Controlling -> General Controlling -> Organization -> Maintain Controlling Area
When you open the transaction through IMG menu you will get following screen. Click on “Maintain Controlling Area”.
On the next screen, mark your Controlling Area and click on “Activate components/control indicators”.
When you are in the components screen click on “New Entries”.
Set the fields according to your requirements and click on “Assignment of company code(s)” to check if your company code is assigned.
In this case only one company code is listed, but I am planning to add additional in the near future. Save your entries.