Changing AUC Status on Asset Class

[former_member204457]

Hi Gurus,

We’ve have a few asset classes in our production system where the “line item settlement” has been selected, however, these asset classes are not AUC. These asset classes are not very ‘active’ and not many transactions occur in these classes throughout the year but we’ve come across some scenarios where we’ve tried to acquire assets through these classes using transaction type 153 (affiliated company, gross) and we’re getting error message because these asset classes are incorrectly categorized as line item settlement (i.e. open item managed) so we have made the decision to correct these classes and change the AUC status to “No AUC or summary management of AUC” in OAOA.

My question is in your experience have you’ve ever come across similar situation, what should I be testing or what processes I should follow to make sure the existing assets in these asset classes are not negatively impacted.

Any recommendation or thought would be much appreciated.

Thank you.

[former_member205661 · Accepted solution]

Hi,

Generally, if an asset (or assets) are in the incorrect class, it is best to make a transfer to an asset in

the correct class. Changing the type of class while you have already made postings to the asset is not advisable if possible at all (error).

Regards,

Brigitte

[former_member351125]

Please do not use the same asset class, you need to create a new asset class if the old asset class has wrong information. If you want everything to be consistent after, transfer all the assets from the old asset class to the new asset class. This is the best way to do it.

Thanks!

Jhero

[Former Member]

Hi,

if you don't have transaction do the changes if you have transaction it's quite diffcult to change status however we can do the table level change it works.

do the changes in Development client and test it.

Regards,

Raman