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created by Snehashis Paul on 01-Aug-2016 10:00, last modified by Snehashis Paul on 02-Aug-2016 09:11
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What is AUC?
AUC is Asset under construction where some assets are in construction phase and cost needs to capture through internal
order for the time being. Once asset is fully completed then cost would be transferred to another cost object (E.g. Cost
center) and settle with final asset.
Process of AUC
Create IO:
Assignment Tab:
Assign Investment Profile in this section: select ZIP001 & click enter or goto extra & select AUC
General Tab:
12. Create Main Asset master in AS01 where AUC will be settled or assign to existing asset
General Tab:
In this section select Depreciation Key, Useful life and Depreciation Start date
13. Settlement with AUC in KO88
Here IO will be settled with AUC. Put IO and select Processing type Automatic. Before Final Run always
perform a Test Run which will show if there is any Error.
Go to Settlement Rule and Add AUC because IO will be settled with AUC.
Add AUC in Settlement Rule
Go back to the main screen to perform the Test Run as well as Final Run
14. Settlement with Fixed Asset in KO88
Fill up the necessary details and select processing type Full Settlement
Go to Settlement Rule and Add Fixed Asset because AUC will be settled with FA.
AUC
Settlement journal entry can be seen here.
Fixed Asset
Journal entries:
Invoice Posting
GR/IR Dr.
Vendor Cr.
AUC Dr.
Material Transfer to Asset Cr.(IO)
Settlement with FA
FA Dr.
AUC Cr.