SAP Message AO014 - No company code is assigned to controlling area &1

Diagnosis
You entered controlling area &V1& for the appropriation request.
Controlling area &V1& is not assigned to a company code.

System Response
You cannot use a controlling area, which is not assigned to a companycode, for appropriation requests. This is not possible, since theassignment to a company code is mandatory for the measure (order or WBSelement).

Procedure
Enter a different controlling area.
Or check the company code assignment of controlling area &V1&.