Transfer of legacy AuC values
This blog will help you understand how to transfer the legacy AUC values to fixed assets in a S/4HANA Cloud system.
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.
For customers who are moving to the S/4HANA Cloud system from the previous system, transfer of AuC legacy asset and the asset values to the new S/4HANA Cloud system will have to be done. Customer can use the app “Transfer Open Items of AuC for Legacy Asset “to take over the line items of the legacy AuC using the role of an “Asset Accountant”.