Assets under Construction (AuC) are a special form of tangible assets. They are usually displayed as a separate balance sheet item, requiring separate account determination and their own asset classes. During the construction phase of an asset, all actual postings are assigned to the AuC. Once the asset is completed, a transfer is made to the final fixed asset. Ledger-specific transactions such as Settlement Distribution Rule may influence the settlement result in different accounting principles.
This scope item is for IFRS.