Asset Under Construction

This scope item enables you to manage Assets under Construction (AuC). Assets under Construction 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 complete, a transfer is made to the final fixed asset.

Key Process Steps Covered

  • Include invoice and final settlement for Assets under Construction (AuC)
  • Create AuC assets
  • Settle asset under construction
  • Create assets for complete AuC settlement
  • Maintain settlement rule for final settlement
  • Create Legacy AuC Assets

Benefits

  • Get a transparent view of asset acquisition
  • Automate efficient processing