While giving Controlling Area by Cost Center getting below error.
Controlling Indicators (or) Controlling – XXXX1 Not Exists

Solution:
 Go to T Code OKKP
 Click on Position and give Controlling Area Code.
 Select your Controlling Area Line.
 On left side double click on Activate Components/ Control Indicators.
 Then go to Activate Components Field
o Select Cost Center = Component Active.
 Save