AUC / CIP - Assets

Hi Guru's,
We currently do not have asset module set-up in the system. We have been making manual entires through FB60.
Credit - vendor account
Debit - CIP clearing account & Tax / VAT account.
So there is no link to an internal order or purchase order.
We now would like to go ahead and make this link... I have never done something like this before... can someone please help me or share any experiance similar to this?
Thanks
Best Regards,
Noopers

Got an answer when posted question on the asset accounting forum.
Best Regards,
Noopers

Similar Messages

  • AUC / CIP

    Hi Guru's,
    We currently do not have asset module set-up in the system. We have been making manual entires through FB60.
    Credit - vendor account
    Debit - CIP clearing account & Tax / VAT account.
    So there is no link to an internal order or purchase order.
    We now would like to go ahead and make this link... I have never done something like this before... can someone please help me or share any experiance similar to this?
    Thanks
    Best Regards,
    Noopers

    Firstly, activate asset accounting. the below are the broad steps:
    1: This step will help you in creating those depreciation areas required for your requirement. requirement can be to post legal depreciation, cost accounting depeciation, tax depreciation etc.,
    IMG>Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified Version) > Organizational Structures and Master Data > Copy reference chart of depreciation/depreciation area 
    2 u2013 Assign chart of depreciation to company code :
    IMG > Financial Accounting > Asset Accounting > FI-AA Implementation Guide (Simplified Version) > Organizational Structures and Master Data > Assign chart of depreciation to company code 
    3u2013 Define  your Asset Classes : These are the various types of assets under fixed assets. say under machinery you can have say generator,etc.,
    SPRO u2013 IMG > Financial Accounting > Asset Accounting >Organizational Structures >Asset Classes > define Asset Classes
    4u2013 Identify your account determination & screen layout for your asset classes: account determination is the broad grouping of all your fixed assets under particular nodes. say all types of machinery will be grouped under head machinary and all postings of machinary postings will happen in only on GL account in FI.
    SPRO u2013 IMG > Financial Accounting > Asset Accounting >Organizational Structures >Asset Classes > specify account determination.
    SPRO u2013 IMG > Financial Accounting > Asset Accounting >Organizational Structures >Asset Classes > create screen layout rules.
    5 - Integration with FI: Under this type you will configure the integration between Asset accounting and FI.
    SPRO u2013 IMG > Financial Accounting > Asset Accounting > Integation with general ledger > assign G/L accounts
    6 - Define your number range: this for assigning the number while creation of fixed assets.
    SPRO>IMG > Financial Accounting > Asset Accounting > Organizational Structures > Asset Classes > Define number range interval 
    7 - Determine depreciation areas in asset classes and screen layout: this for which field are required/suppressed/optional in the asset master
    IMG > Financial Accounting > Asset Accounting > Master Data > Screen Layout > Define screen layout for asset depreciation areas 
    IMG > Financial Accounting > Asset Accounting > Valuation > Determine depreciation areas in the asset class
    8 u2013 Specify intervals and posting rule : This step defining what would be the frequency of postings of depreciaton.
    SPRO u2013 IMG > Financial Accounting > Asset Accounting > Integation with general ledger > Post Depreciation to the General Ledger > Specify intervals and posting rules 
    apart from the above for the AUC or asset under construction, you can use internal orders or project system. depending upon which you want go depending upon requirements, you can make a choice. in case of either of them, you to create an asset class which will be an AUC asset class and integrate the same with either internal order or PS.

  • Automatic creation of AUC (CWIP Asset) at the time of creation of IO

    Hello Gurus,
    When iam creating an investment internal order, system is not creating AUC(CWIP Asset),  I have created investment profile and entered the same in internal order, what could be the reason for this.
    Please let me know the missing configuration.
    Thanks & Regards,
    Kapoor

    Have you made the following settings:
    Investment profile:
    Sim. asset class xxxx
    Indent value
    OAYZ Determine Depreciation Areas in the Asset Class   assigned the default value to the asset clas for AUC.
    In the most cases the AUC is created when you release the internal order

  • Automatic creation AUC sub assets at the time of settlement

    Hi,
    I have created the investment profile,AUC asset class,Source structuce(Hard,Pave and Soft) and cost element group(Hard,Pave and soft) . Then assign these three source structure to Investment profile.
    I created WBS element under project and released the WBS.
    After that I posted the values against the WBS different cost element . At the time of AUC seetlement thru CJ88.I am getting Three AUC asset with Sub number -0(1000-0,1001-0 and 1002-0) automaticaly. But Business is expecting to settle automatically(1000-0(Hard),1000-1(Pave),1000-2(Soft) respectively.
    Is there any way to settle AUC sub asset wise(Eg: 1000-0, 1000-1 ans 1000-2)automatically.
    Please share your suggestion on this.
    Appreciate your help!
    Regards,
    Prakash Reddy.

    Hello VIrendra,
    I am trying to settle WBS to AUC settlement thru CJ88. In this case We need to settle WBS to  AUC sub number wise 0,1 and 2 respectively based on the cost element. Is there any settings required to create AUC asset sub number wise creation?
    Thanks& Regards,
    Prakash Reddy.

  • AUC legacy assets uploading through AS91 transaction code with TT- 900

    Hi,
    I am uploading the AUC Legacy assets through AS91 transaction code.
    In AS91 - I need to select Transactions option & should enter the transaction type 900 to give the Legacy AUC valules.
    When i give the Transactioon type 900 for AUC assets load in AS91, the system is giving the Asset Value Data as 01/04/2009.
    But the Asset Data takeover date given in the system was 31/03/2009. But why the system is taking 01/04/2009 (This is Fiscal year starting date for Country India).
    #Now my problem is i should get the *Asset value Date -31/03/2009 but not 01/04/2009.
    Kindly advise me how to change this asset value date to 31/03/2009 from 01/04/2009? It would be a great help for me if any one can help me or provide me some inputs...
    Thanks
    Kishore

    Hi Zubin,
    Thanks for your reply.
    1. we are using V3 fiscal year variant (March-April)
    2. In the Path given by you - I have maintained March -31,2009 for transfer date. In this case system is taking the 1st' April,2009 (This is next financial year first date)
    3. But I should get the same date as transfer date (31st march,2009). I dont want next fiscal year first date as AUC asset value date.
    4.how can i change this value date?
    Thanks
    Kishore

  • Steps for capitalising the AUC to Asset

    Hi Guru's,
    The user has already made the settlement of the internal order created for AUC (CWIP - Asset under construction). Still the amount is able to see in the AUC.
    So what would be the reason for the amount lying in the AUC? and
    what are the detail steps for transferring the AUC to Assets? (like internal order then its settlement and finally transferring to the Asset)

    Hi Govind
    1. create asset master data
    2. create Internal Order
    3. Enter Budget for IO
    4. Create Purchase Order
    5. Account for GR
    6. Post Invoice
    7.Settlement of capex orders to AUC
    8. Settlement of AUC to Final Asset
    In your case you have completed steps till 7 . For finanl settlement, create final asset master and in the settlement rule specify this asset as settlement receiver for Finanl settlement. Now you might have created settlement rule only for AUC
    Asha

  • Transfer from AUC to Asset

    Hi
    I have small problem in settlement.
    1.We ran settlement using KO88 for single order and posted to AUC using "Automatic settlement".Then ran "Full setllement" and posted value from AUC to Asset successsfully.
    2.But we want to reverse the same.
    So went to KO88 again and selected "Full settlement" and reversed from Asset to AUC.The again selected "Automatic settlement" and reversed from AUC to Internal order successfully.
    Now we want to again run stellement and post to final asset with REGULAR PROCEDURE with KO88..But getting problem in step2 as mentioned below.
    Step1: ran KO88 with "Automatic settlement" and transfered value to AUC successfully.
    <b>Step2: ran KO88 with "Full settlemet".But getting the error "No transaction data posted since last settlement".</b>
    Now Internal order any way has no value(as per message) but AUC has the value.
    But under the same scenario original postings were successfull(i.e when ran "Full settlelemt"under KO88 even that time also value was not there in Internal order??)
    Tested couple of settlelements with some other orders.It works for original settlements BUT 2ND STEP WILL NOT WORK WHEN WE TRY TO REPOST AFTER REVERSALS.
    Can some please advise what is the reason for this?
    In precise I want to reverse some settlements from Asset-AUC-Internal order and repost to same asset or other asset.
    regards

    Hi
    Sorry, this problem got resolved.Only mistake I was doing  was checking the box "check transaction data" -
    hence the error.
    When I removed that it worked fine.

  • Transfer partial asset values from completed asset to AUC/other asset

    Hi All
    Is it possible to transfer partial asset values from completed asset to AUC/other asset.
    if yes please let me know how to do that?

    I already checked T code ABUMN
    But by using this code whole asset value is transferred ; I want to transfer only partial value.
    eg. If i postasset value of Rs. 1000 to a machine & capitalise it. But after posting i found that actual asset value is only Rs. 600 and balance is of another asset.
    then how can i transfer balance asset value of Rs. 400 to another asset card.

  • Without IM how can i settle construction project to AUC and asset

    Dear all
    without IM, how can i settle construction project to AUC and asset.
    can someone explain it in details?
    thanks a lot.
    Judy

    thanks for all of your answers.
    i create the investment profile and assgin it to the project profile.
    when i release the project, i see the system status changed from crtd to release and AUC.
    when i do cj88, the costs are settled to the AUC No. automatically.
    could you tell me how the AUC No. is created? where does it configure?
    when AUC is settled to FXA, what are the procedures?
    first TECO the project and then do CJ88, am I correct?
    thanks a lot
    Judy

  • CIP assets capitalization

    Dear All,
    Can we merge two CIP assets at the time of capitalizing them. If yes please give the steps.
    Regards,
    Dijo Augustine

    Hello Dijo.
    On the Asset Worbench, query one of the assets and press the Source Lines button. Check the leftmost checkbox and the Transfer To button will become available - press it. Query the asset you want to transfer the amount to and press the Done button. Then you just need to Capitalize the destination asset.
    Hope this helps
    Octavio

  • CIP Assets - How to enter cost

    Hi,
    I'm new to Assets and need to know how to add costs to a CIP Asset. When I manually add a CIP asset, the cost must be $0, so what is the process to add costs?
    Any help would be greatly appreciated.
    Thanks,
    Chris

    Figured it out - you can enter costs using the Source Lines window, or using Mass Additions.

  • AUC legacy assets with internal order update

    Hi,
    We are using AS91 to upload legacy assets.  AUC is assigned with a statistical investment order for budget control purposes.  We need the initial balance updated through AS91 be updated in the internal order as an actual line item also.  Please let me know if there is any way of achieving this.
    Muru

    Hi,
    The legacy takeover values are not posted to the general ledger.  This needs to be posted manually to the G/L so FA GL reconciles.  When the depreciation run is completed, the internal order (or other cost objects) in the asset master record will be posted on the depreciation expense side.
    I hope this helps.  If not, can you elaborate more on the business requirement?
    Thanks,
    Jes

  • Ko88 results in zero value - trying from AuC to Asset (full settlement)

    Hi everybody,
    I´m getting a zero value doing a settle by KO88 from AUC to a final asset.
    Previously i have made the settle for AUC from expense with no ploblem.
    The problem is that when i make the settle with KO88 (full settlement option) to pass the value from the AUC to the final asset, the AUC balance is zero and the final assets (2 of them) also show zero. So the money is lost.
    Please if anyone can help me, we will appreciate a lot.
    Best Regards!

    This is the error when i try to use the AIAB transaction:
    Line item settlement is not possible for asset IA01 38000816 0
    Message no. AW050
    Diagnosis
    You want to carry out line item settlement of an asset under construction. This transaction can only be carried out for assets with active line item management.
    However, line item settlement is not active in the asset class of asset 38000816 0 (company code IA01).
    If the asset is an asset under construction belonging to an investment measure, then you should carry out the settlement using order or project settlement.
    Procedure
    Check the setting for 'status of AuC' in the definition of the asset class.

  • Will Project Budget be available again after settlement to AUC/final asset?

    I would like to know if my project budget will become available again once I settle costs to AUC and to Final asset (or settle directly to final asset w/o AUC). 
    Letu2019s say my original budget for WBS is 5000, cost was posted to the WBS u2013 4000, now I settle the 4000 cost to AUC (and eventually from AUC to final asset).  Will this mean the entire 5000 will be available again since the cost has been settled from WBS to AUC (and eventually fixed asset)?
    Thanks!
    Vivian

    If you have Budgeted WBS element and than after  you does any cost postings against that WBS. you budget get consumed by that actual cost.
    however, WBS element is capturing cost for the period of project duration that cost has to transfer to FI/ CO , finally so, at the period-end we does the settlement & transfer taht cost to cost center , PA , asset etc....
    So, no point that after settlement your budget will be your initial budget.
    Regards
    Nitin

  • Problems when distributing AUC to asset

    Hi all,
    I have tried to search all the notes and forum but cannot find a solution.
    My user tried to post a $2000 account in auc to a fixed asset account using line item distribution rule. The amount in the rule is $2000, exactly the same as the auc account.
    But there is this error message when he post,
    "Amount to capitalize is lower than 10,000 SGD, please check!
    Message no. Z3 002"
    But he has posted amount less than 10,000 before and there are no such limitation. I cannot identify where or what causes the limitation.
    Anybody can help?
    Albert Lee

    Hi,
    I have tried t.code oba0 but it is not recognized. I am using 4.0B
    oba4 I got the following result
    Upper limits for posting procedures
    Amount per document  1,000,000,000,000.00
    Amount per open item account item  10000,000,000.00
    Cash discount per line item  10.000%
    Permitted payment differences
    Revenue 10%
    Expense 10%
    It seems that amount is within limit.
    My AUC account is $33,300 but my user is posting one of the line item which is $2000, using the distribution rule fixed amount of $2000, which is the same as the amount to post. According to my user, he has posted smaller amount without encountering this problem.
    Any other place I can check or what can i do to allow the posting?
    Albert Lee

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