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Former Member

Old AUC Assets - Reversal

Hello,

We have couple of AUC assets from 2008 and we failed to Capatilized them. They have internal orders assigned as invest measures. Is there a way to get rid of them completely.

Please help

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3 Answers

  • Posted on Sep 11, 2013 at 06:10 PM

    Hi,

    Since the amount is not capitalized you can shift it to any other CO object e.g.cost center with FI Entry and charge off as an expense in the current year, or create a dummy asset for a lumpsum entry and immediately sale it without any any customer(T.Code ABAON), however it will be depicting in assets sale report.

    Reversing of mm and fi documents which created does not makes sense since its offsetting account must have been only cleared

    Thank You

    Nishu

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  • Posted on Sep 12, 2013 at 04:23 AM

    Hello,

    If they were not capitalized in 2008, don't you need to capitalize them now once you have realized the mistake?

    I think if you charge off them expense in the IO to a cost center, you are basically creating a Debit and a credit line. Then when you run settlement, I think the system would try to settle both lines to the AuC. Thus with the offset approach, you would still have an AuC but with a 0 value.

    The other option could be to totally exclude these IO in the KO8G variant

    thanks

    Asheesh

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  • author's profile photo Former Member
    Former Member
    Posted on Oct 02, 2013 at 06:06 AM

    Hi Akhtar, please tell us what you would like to do with the money sitting in the AUC and we can help you make it happen, besides wanting it to "disappear". You can't make it disappear, the money has to end up either on your balance sheet or P&L. So pick one, then I will provide you a way to get it there.

    Thanks,
    Sam

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