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How capital WIP (Work In Process) and Assets accounted for in SAP?

How capital WIP (Work In Process) and Assets accounted for in SAP?

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How capital WIP (Work In Process) and Assets accounted for in SAP?

Answer

    ‘Capital WIP’ is referred to as Assets under construction in SAP and is represented under specific asset class. Depreciation is not charged under ‘Capital WIP’ usually. The cost incurred on building a capital asset can be booked to an ‘internal order’ and through the settlement procedures, and can be posted onto an ‘Asset Under Construction’.

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