Settlement rule for Asset Under Construction not automatically generated.
Hi Experts,
I am working on a capital project scenario where in i configured the SAP IM and SAP PS module. i am able to create AUC at the WBS level on project release,but i am not able to generate the settlement rule for AUC automatically.
Please suggest as to what i am missing to generate settlement rule for AUC automatically.
Thanks,
shiv
i think for automatically AUC to be generated, u need to create investment profile in OITA in that u have to tick mange AUC in investment measure. & select settlement for summary settlement.
This investment profile u need to specify in Project Profile OPSA.
do this setting & let me know whts happen?
ok best of luck.
Regards,
ANSAR
Similar Messages
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Asset under construction not completely credited
Hi,
We are getting the message "asset under construction not completely credited" when trying to process an actual settlement for an internal order. We have checked all our settlement rules and read SAP Note 726031 but we are still getting stuck on this error. It may have something to do with a 2c USD balance on the AUC that doesn't want to clear. The local (AUD) balance is zero. We tried posting a 2c USD transaction to the Order but that didn't work either.
Thanks
BillHello,
Check the AUC balances and also check the settlement rule upto which period it is maintained. If the to period is ended with value and remove the " To period" and settle the values.
Thanks
Lakshmi Narayana -
Down payments for Asset Under Construction
Hi Experts,
Urgent!
My client paying advances to vendors, thru TC-F-48.
Previously there is no PO requirement ,now asper client requirement I put PO fild as requirement in posting key 29.
1)There is no problem for payment to vendors -for Raw materials.
2)while paying advance to vendors - for Asset Under Construction, system showing error.
*Error is:
Contact your system administrator (table error)
Message no. AA866
Diagnosis
No account has been entered for posting down payments in area 01 under the account assignment key 4800 (chart of accounts FTL).
Procedure
Enter the account using the Customizing menu.
Pls Reply frinds.
Regards
vinodHi Vinod,
I hope that you are following Valuated goods receipt concept.
Valuated goods receipt: Asset will be debited at the time of goods receipt
Non valuated good receipt: Asset will be debited at the time of invoice receipt
If you follow valuated goods receipt concept, then at the time of making down payment, AUC should not be debited (whatever the value date/ capitalization date be). Please refer SAP note number 310368 (valuated goods receipt paragraph) for reference. In that they have clearly mentioned the steps to make down payment against asset under construction Purchase Order without debiting to AUC and without any error message. You have to make F5 378 message number from error message to warning message and in posting key 29 and 39, you have to supress the asset related fields. If you have done the above settings, then system will not show any error message to update G/L account in AO90 transaction code for the Acquisition: down payments and Down payment clearing - 2nd and 4th field or for AUC related fields.
Hope this helps. Assign points if useful.
Regards
Dwarak. -
Down payments request for Asset Under Construction
Hello Expert
while Down Payment request to vendors - for Asset Under Construction, system showing error.
Contact your system administrator (table error)
Message no. AA866
Diagnosis
No account has been entered for posting down payments in area 01 under the account assignment key IN95 (chart of accounts YAIN).
Procedure
Enter the account using the Customizing menu.
Pls Reply frinds.
regards,
Riten patelDear:
First check in OAYB that have AUC class been specified for down payments and then go to transaction AO90 and maintain the GL account for depreciation are 01 under the Balance Sheet account in the field Acquisition: Down Payment. It will resolve your issue.
Regards -
Gather all cost for asset under construction
Hi everybody
Please tell me the way to gather all cost for asset under construction. You can detail as good as possible.
Thanks so much
NgocptDear Ngocpt,
Internal order is functionality from CO. U can use it for the purpose of collating all the cost. U can also do cost planning in internal orders. This helps u to analyse bet planned & actual cost.
Create IO thru KO01. Once created use it in ur transactions. In your case u can use it in posting any document to AUC.
Also as I mentioned in my previous post that IO can posted with real values and statis tical values. If you want to post statistical vales only then check the box statis tical order in control data.
Whenever passing an entry put ur IO number in "order" field.
Hope this is of use to u.
Regards,
Ajay -
New Depreciation Area in Asset Master Data, for assets under construction.
Hi,
The issue is relating to New Depreciation area. We have created new Depreciation area as 80=IFRS. We had followed three steps
1. Create Depreciation area via OADB.
2. Activate Depreciation area via OAYZ.
3. Automatic opening of new depreciation are via AFBN and program RAFABNEW :-
3.1 u2013 Indicator: Leave values initial = ticked. Set this indicator if you want to open the newly created depreciation area without any values i.e. blank.
In this we have find that the old assets value has been copied. But when we are doing internal order settlement through KO88 i.e. from pre-cap to AUC we are not finding new Depreciation area 80=IFRS in AUC. We had checked in AW01N.
Letu2019s assume that creating a new deprecation area is normally not required since these assets are not depreciated. But During the final settlement, the new depreciation area should also automatically supplied with values from the reference depreciation area from the AUC(assets under construction) in the completed assets. But we doesnu2019t find any values of in Dep Key = 80 IFRS for final assets.
In Assets Class of AUC we had used Investmnet Measure as Status of AUC.
Kindly provide solution for the same.
NikhilCheck Transfer Variant 5 (under Transactions->Intercompany Asset Transfers->Automatic Intercompany Asset Transfers->Define Transfer Variants):
5 Investment measure settlement
Your Transfer Method is most likely 1 now (without transfer to dependant areas), change it to:
4 Gross method with transfer of values to dependent areas
This should help. -
Settlement of an Internal Order to Asset Under Construction
We are running SAP 4.7 and Iam trying to settle an Internal order to AUC and I get the following error
You cannot use this transaction type to post to this asset
Message no. AA834
Diagnosis
The transaction type entered belongs to transaction type group 15. According to the specifications for this transaction type group, posting with transactions types belonging to this group are only allowed in specific asset classes (for example, asset classes for assets under construction).
The asset to which you are posting belongs to class 18000 (chart of depreciation SEEF). You cannot post to this class using the transaction type you have entered.
Procedure
Check the asset number entered. You may want to allow posting with this transaction type group for the asset class of the asset.
**Please take note that the costs which have come on the internal oder are through GR( Goods receipt) and not down payment. Also note that last month, the order settled without any problems!**Hi,
thanks for your answer.
I want to do that because of some french tax rules.
These rules say that goods, hours or services produced internally for the contruction of an asset can be "delivered" to itself.
So you can register output tax based on the value produced but you have also to register input tax for the same amount.
Finally the balance for VAT amount is 0.
I was interested to know if that was possible to automize. If not, there is still the possibility to make a separate postings at month end or year end.
Best Regards -
Asset Under Construction(AUC),During month end settlement run(via KO8G)
Hi Guys ,
please hlep on this AUC :
During month end settlement run (via tcode KO8G), if there are -ve (credit) values to be settled to an Asset Under Construction (AUC) asset which does not have sufficient +ve value in the current FY, the settlement run will prompt an error message "Balance for transaction type group 10 negative for the area 01". The TT posted via the settlement run is TT115. To get around, user has to raise a manual journal (via doc type AT) to post the -ve value to the same AUC asset via TT101. TT 115 and 101 are configured differently (see attached).
Since the Fixed Assets system does accept credit posting to AUC via a journal, is there a solution to make posting go through via the settlement run?
Regards,
NarraYou can settle the AUC value in one period and posting can be made in another period. in the same you can give the different asset value date in KO88 screen. The only limitation is this possible only if the fiscal year is same.
Give the asset value date as 15.07.2007 in KO88
Hope this will work
Radha -
Steps for completing Asset under Construction
hi,
i have created the AUC asset class with line settlement checked.
will somebody be kind enough to show me the futher steps involved in customization along with postings and settlement procedure....
regards
sayeedHi,
You can manage the asset under construction in the system in two different ways, depending on the types of functions that you need. The asset under construction can be either a normal asset record, or a master record with line item management. As a result, the transfer from the asset under construction to completed fixed assets can be handled in one of two ways:
· Summary transfer from a normal asset master record to the receiver assets (transaction type 348/349)
· Line item settlement of an asset under construction that has line item management
The Investment Management (IM) component is recommended for handling large-scale capital investments. Using the IM component, you can manage a capital investment in parallel: for financial accounting purposes as an asset under construction, and for controlling purposes as an internal order or project. For more information, see the documentation for the Investment Management component.
Assets under Construction Without Line Item Management
The procedure corresponds to the procedure for the transfer between two assets within the same company code (see Posting the Splitting or Moving of an Asset). Before carrying out a full transfer of an asset under construction, you have to reverse any down payments that were posted in the current fiscal year. Down payments are ignored for a partial transfer.
Special transaction types for the transfer of assets under construction allow for transfers to be displayed in the asset history sheet as acquisitions to fixed assets.
Assets under Construction with Line Item Management
In the FI-AA component, you can accumulate costs under purely technical aspects in an asset under construction. You do not need to consider the later creation of fixed assets at this point. During the construction phase, you can accumulate all acquisitions for an investment in a single asset. These acquisitions include
· External activity (acquisition from vendor)
· Internal activity (internal order)
· Stock material (withdrawal from warehouse)
in a single asset. When using this 'collective management' of assets under construction, it is possible to manage the individual acquisitions as open items over the course of several fiscal years. At completion, the line items must be cleared and then distributed to the various receivers. The system activates open item management when an asset under construction is created, if you set the corresponding indicator in the asset class. In addition, you have to assign a settlement profile to the company codes involved, in Customizing for Asset Accounting, in order for the line item settlement to work (see Define Settlement Profile in the Implementation Guide). The main function of the settlement profile is to specify the allowed receivers (such as, assets or cost centers).
Hope this helps you. Let me know if you need any other information.
Rgds
Manish -
Capitalize borrowing costs to asset under construction u2013 IAS23
Dear experts,
According to IAS 23 we are required to calculate interest on capital invested in an asset under construction.
Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset form part of the cost of that asset. Where funds are borrowed specifically, costs eligible for capitalization are the actual costs incurred less any income earned on the temporary investment of such borrowings. Where funds are part of a general pool, the eligible amount is determined by applying a capitalization rate to the expenditure on that asset. The capitalization rate will be the weighted average of the borrowing costs applicable to the general pool. The amount of borrowing costs that an entity capitalizes during a period shall not exceed the amount of borrowing costs it incurred during that period.
Detail scenario
The construction of a qualifying asset is controlled by an investment measures that are managed as projects - WBS elements and settled to an asset under construction periodically. The calculated interest shall update only the determine depreciation area set on the interest profile (OPIB).
The borrowing operations are managed by money market transaction on TRM (Prod. Category 550 Interest rate instrument).
Using the interest calculation function (CJZ2 - Individual Processing or CJZ1 - Collective Processing) we encountered several problems/ restrictions.
1 u2013 When funds are borrowed specifically to a qualifying asset for example, an interest rate instrument as a money market transaction on TRM should be capitalized according to the actual incurred borrowing cost and not by a capitalization rate. How to assign the value to the WBS element?
2 u2013 When funds are part of a general pool, although we can calculate and update the effective interest rate for each borrowing transaction (TMEZ) how to determine the weighted average capitalization rate by company code and define it on the Reference Interest Rates (OBAC) to be used in the interest calculation?
3 u2013 Even if the capitalization rate is defined and updated manually in the reference interest rate for the interest calculation, how to limit the amount of borrowing costs that will be capitalized during the period? The calculated interest in period shall not exceed the amount of borrowing costs it incurred during that period.
Is there any other functionality to support interest calculation and capitalization of borrowing costs to asset under construction according to IAS23 requirements?
Please advice.Hi,
The interest rates for capitalization and for appropriation can be collected in separate cost centers and apportioned to WBS . If you incur interests at the group level,then using accrual apportion the relevant portion to the respective C/Codes.
For arriving the weighted average i assume you take the planned interest.For restricting the planned to the actual ones use the " Budget Manager" functionality,give the actual value,set zero tolerance.This will help restricting to the actuals.
Hope this helps.
Regards
Ramesh -
Asset Under Construction creation, Internal Orders,
Hi,
We employ internal orders for collecting costs for an AUC. However, we have a requirement in which when an internal order is created for asset under construction, SAP has to automatically create an AUC asset and assign it in the settlement profile of the internal order. Is this possible? If so what configuration should I do.
Thanks for your help.
RamHi Ram,
Yes. It is very much possible. You will have to create an Investment profile for that and in the investment profile give the Asset class of the AUC. Do this in transaction OITA.
When this investment profile is entered in each Internal order you create, the system automatically creates an AUC asset to which the costs can be settled.
Read the documentation for Investment Management component in the IMG and SAP help. YOu will get what you need. Thanks.
Thanks,
Vishal. -
Asset under construction in internal order
Dear All,
can any one tell me how to create Asset under construction in internal order...
Suresh patipati.You must have a separate asset class for Asset Under construction(OAOA) with line item settlement selection.
Create an asset(AS01) under AUC asset class
Then create internal order through KO01 and in Settlement rule mention the
Category as FXA
Settlement Receiver: AUC Asset
% as 100% or as you require
Save the entries.
Now enter the capital expenditure using this Internal order. After you finish with the postings settle the internal order(KO88). On Settlement the values are transferred to AUC asset from Internal order.
Now use AIAB & AIBU to distribute and Settle the AUC asset values between Main asset(s). Here also in the settlement rule you must enter the settlement receivers. -
How to Credit Invoices into Asset under Construction
Hi All,
I have this quick question please.
We have credit invoices that we cannot settle to an Asset under Construction, It will not allow us to settle credit amounts. Is there anything that can be done to the Asset under Construction assets to allow for negative settlements?
I can understand that I have to go to Transaction Code OAYZ to allow negative value in all the Asset under Constructions'.
But my question as per the screen below.
Do I have select each line item (01, 10, 11, 12 &40) to flag the negative value allowed for all the Asset under Construction or just on the 01 which is the Book depreciation to flag the negative value allowed?
I need a direction please.
Thank you
Femmy JohnHi Femmy
SAP recommends to have -ve values allowed for AUC
You have to allow this for all the dep areas.. You can allow the -ve values in the Asset Master by going to to the Dep Area Tab - > Double click on each dep areas and tick the check box (your screen layout in AO21 must allow that field to be maintained)
Br, Ajay M -
Maintain settlement rule for AUC
I am getting following error in T.code AIAB. 'You have chosen a depreciation area, which does not carry the depreciation data from table COEPBR.'
Anyinputs to resolve would be appreciated.
Thanks in anticipation.
Regards,
PrasadHI,
Assign depreciation key 000 (no dep) for Asset Under Construction - Asset Class.
Regards,
satish -
Assign value to asset under construction
Hi Sirs,
I would like to know what i have to do to solve the problem with value for asset under construction. When I create asset with tr. AS91 in area for Takeover values, the field for ***.acquis.val. is not active.
Thank you in advance.
Regards,
DaniHi Dani
I assume that you have maintained the takeover date and period for last depreciation posted in the old system. Apart from this you have to make sure that the capitalisation date in asset master should be prior to takeover date, In order for system to recognize that asset is a takeover asset this is very important. when all the input fields are greyed , this means system does not determine it to be an old asset which it derives from cap date.
Rgds,
Zub
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