BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is impossible to use assets under construction with Investment Management.
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It is possible to post credit memos, even after assets under construction are fully capitalized.
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It is possible to post special tax depreciation and investment support for assets under construction.
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It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction.
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Detailed explanation-1: -You are asked to explain the assets under construction functionality in SAP S/4 HANA. What should you highlight? It is possible to post special tax depreciation and investment support for assets under construction. It is possible to post credit memos, even after asset construction are fully capitalized.
Detailed explanation-2: -Assets under construction are a special form of tangible assets. They are usually displayed as a separate balance sheet item and therefore need a separate account determination in their asset classes.
Detailed explanation-3: -Go to the transaction code AIAB enter the company code, AUC, sub number and press execute button. Press the enter push button to settle the amount. Enter the Category”FXA” Relevant Asset Master Number which has to be capitalized and press Back button. Press the Settlement Push Button.
Detailed explanation-4: -AUC is Asset under construction where some assets are in construction phase and cost needs to capture through internal order for the time being. Once asset is fully completed then cost would be transferred to another cost object (E.g. Cost center) and settle with final asset.
Detailed explanation-5: -Accounting for a Project Under Construction Construction Work-in-Progress is often reported as the last line within the balance sheet classification Property, Plant and Equipment. There is no depreciation of the accumulated costs until the project is completed and the asset is placed into service.