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author's profile photo Former Member
Former Member

Asset procurement.

Dear Friends,

We have one requirement regarding FI-AA, let me explain in detail.

1. While raising Asset P O, Asset code should be Actual Asset code( main asset code.) ?

2. In GRN Actual posting should go to C-W-I-P Account determination and Asset code ?

3. When we want to settle from C-W-I-P to Main assets ( Assets in P O ) should get the reference of Actual assets ?

Eg. 1000 ( main asset code) in P O.

2000 ( C-W-I-P ) asset code for inward.

When in settlement The asset code 2000's line items should get the receiver Asset code (1000 )?

can anyone suggest me how to achieve this requirement ?

Thanks,

Ummi.

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    author's profile photo Former Member
    Former Member
    Posted on Sep 30, 2011 at 09:38 AM

    Dear Ummi,

    I hope you are looking for AuC asset and regular asset capitalization concept. My answer is not specific to your question sequence apologize for that.

    For AuC scenario -

    1 ) You create an asset from AS01 E.g A1000 ( Regular Asset ).

    2 ) Create AuC asset from in AuC asset class. E.g B1000( AuC Asset ).

    3 ) Post all the transaction or expenses the in respect to asset A1000 to particular WBS or Internal Order as per requirement and cofiguration.

    4 ) Settle the WBS or Internal Order to AuC asset. ( May be partial or FULL).

    5 ) Transfer all the values from AuC B1000 to Regular Asset A1000.

    When in settlement The asset code 2000's line items should get the receiver Asset code (1000 )? - Yes

    Your question -

    1 ) If you are acquiring from vendor then - YES.

    2 ) CWIP asset can not have GR. Regular asset can have GR.

    3 ) Not understood your question - My explanation - In settlement process CWIP asset is the sender asset , main asset is the receiver asset which receives the all values in capitalization.

    I hope this will help you to understand the concept, If you are looking else please let me know would like to help you - you are welcome !

    Regards,

    Pankaj A Bhalerao.

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    • Former Member

      Dear Pankaj,

      Thanks for your valuable reply, But i hope you have not understood my requirement let me tell you in brief.

      whenever we want to settle asset from C-W-I-P To Main assets that time We do the following procedure.

      1. P.O with C-W-I-P Asset code

      2. GRN with reference to P O.

      3. Then settlement From C-W-I-P asset to Main (asset which will be created with particular Asset class.)

      But in my scenario :-

      1.My client wants to capture The actual asset in P . O means which will receive the values from C-W-I-P asset code.

      2. While doing GRN The assets codes whatever assigned in P .O should not get The values instead The assets codes which will be created in C-W-I-P asset class should get the values.( for this process we need to change asset code from actual to C-W-I-P in MIGO- procedure not known yet)

      3. later settlement has to happen from C-W-I-P to Actual asset those are assigned in P.O ?

      Please suggest any procedure for this requirement?

      Regards,

      Ummi.