create asset master record (as01) - university of … · web viewsap easy access user specific menu...
TRANSCRIPT
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Purpose Requisitioning - Project Creation and Management - Term Contract Release Order Processing - Financial Approver - Assets - Financial Processor - Assets - Inventory Tracking - Endowment and T.I.P. Management
Use this procedure to create an asset master record shell.
Prerequisites
None
Menu Path
Use the following menu path(s) to begin this transaction:
SAP Easy Access User Specific menuo Select Inventory Tracking - AA Create Asset Master Record
SAP Easy Access Generic menuo Select Accounting Financial Accounting Fixed Assets Asset Create
Asset
Transaction Code
AS01
Helpful Hints
The R/O/C column in the field description tables below defines whether the field is Required, Optional, or Conditional.
Optional fields not entered during asset shell creation can be entered when the data is known (i.e. Serial Number, Manufacturer, Extended Text, etc.) using transactionAS02.
For additional Asset Management information (i.e. Moveable Asset Class Examples) refer to the Asset Management web site: http://www.uc.edu/asset.
Asset Management will issue a UC Asset Inventory Tag only if the department has created the asset master shell and taken the proper steps to link the asset number to the value of the asset acquisition by entering the asset number(s) on the Purchase Requisition, P-Card, A114, etc.
For an explanation of Export Controls go to this website: http://researchcompliance.uc.edu/ExportControls/ExportControls.aspx
Moveable Asset Tracking/Audit/Grid:
Type of Asset Acquisition Capital/Non Capital Status
Need to Establish an Asset Record in the Asset Management System (UCAMS)
Required to be Audited by Asset Management
Asset Purchased by UC Capital (>=$5,000)* Required Yes
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 1/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Non-Capital (<$5,000)** Optional No Asset Transferred to UC Capital (>=$5,000)* Required Yes Non-Capital (<$5,000)** Optional* No Asset Gifted/Donated to UC Capital (>=$5,000)* Required Yes Non-Capital (<$5,000)** Optional No Assets on a Grant or contract (UC Titled)*** Capital (>=$5,000)* Required Yes
Non-Capital (<$5,000)** Conditional No Assets on a Grant or contract (Non-UC Titled)*** Capital (>=$5,000)* Required Yes
Non-Capital (<$5,000)** Required Yes
*Beginning FY11 (07/01/2010) the threshold for capitalizing “software” is $100,000 for
purchased software and $500,000 for internally developed software.
** Beginning FY11 (07/01/2010) the threshold for non-capital “software” is less than $100,000 for purchased software.
***Assets acquired, fabricated or government furnished under a grant or contract must
comply with all contractual obligations set forth by the sponsor, including (but not
limited to) establishing an asset record.
Asset Acquisition The Organizational Unit must notify Asset Management when the following asset status is to be established or changed:
-Constructed (Departmental)
-Gifted/Donated (Into UC)
-Purchased Assets (via A114 Request for Payment)
-Transferred In (From Outside UC)
Constructed (Departmental) Assets – These are fabricated assets constructed over a defined development period. Because these assets are not depreciated until capitalized, such assets are
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 2/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
generally assumed unusable until fabrication period is complete. If any phase of a multi-phase project will result in an independent, functional unit once that phase is completed, the entire project must be treated as individual fabrications and each phase will be capitalized as completed.
-The Organizational Unit establishes the asset master shell using asset class 44200 (AuC – Departmental) and posts costs to this asset until the asset is completed and placed in service. While fabricating the asset, it is recognized that each individual component purchased could be less than $5,000, but at completion the total cost would be $5,000 or greater with a useful life of at least two years.
-Following the creation of the asset master shell, the Organizational Unit must notify Asset Management with the following information:
-Asset Number(s)
-Estimated Cost of Completed Asset
-Estimated Start Date of Construction
-Estimated End Date of Construction
-Once the asset is constructed and placed in service, the Organizational Unit must contact Asset Management again for assistance in setting up a new asset master shell in order for Asset Management to settle the cost from AuC to the real asset class. (i.e. 49106 Cap - Medical/Lab/Scientific, etc.)
-Capitalized cost and associated depreciation does not get posted to the university’s financial records until the settlement is made from AuC to the real asset, therefore it is important to notify Asset Management as soon as the asset is placed in service.
Gifted/Donated Assets – Gifts-in-kind support the mission of the University of Cincinnati and enhance the quality of the education offered to its students. Gifts-in-kind include tangible personal property (e.g. equipment, antiques, automobiles, etc.), intangible personal property (e.g. software, patents, copyrights. etc.) and real estate. In general, contributions are transactions in which one entity makes an unconditional voluntary transfer to another entity without directly receiving equal value in exchange.
Acceptance of any gift-in-kind requires a formal UC Agreementand the A-910 “Contract Approval Cover Sheet” routed to all concerned parties, including General Counsel for signature approval. Contact Asset Management for a copy of the “Agreement for Donation of Property to UC”.
Purchased Assets (via A114 Request for Payment) – On occasion an asset may be purchased by an employee and then reimbursed by completing the A114 form if approved by the Organizational Unit head. The unit must create the asset master shell; complete A114 form referencing the asset number, and submit this form to Accounts Payable.
Transferred In (From Outside UC) (including sponsored activity and loans from other agencies) Any property transferred in from outside UC requires a formal UC Agreementand the A-910 “Contract Approval Cover Sheet” routed to all concerned parties, including General Counsel for signature approval. Contact Asset Management for a copy of the “Agreement for Loan of Property to UC”.
Government furnished assets : Sponsored activity may result in the university obtaining use
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 3/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
and/or ownership of equipment outside of the procurement process. Equipment may be transferred to UC along with a sponsored agreement. The sponsored agreement will list equipment that is being furnished for the project.
Loaned Assets : An asset loaned to UC should be inventoried and recorded in asset class 39700 – Non-UC Titled Non-Capital Assets or asset class 49700 – Non-UC Titled Capital Assets. Asset Management will assist the Organizational Unit in recording this asset in the Asset Management System so that it does not get added to UC financial records.
“Loaned” is defined as an asset given to UC for temporary use on the condition that it is returned to the lender, based on a time period and/or when a specific condition is or is no longer met, without any compensation.
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 4/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Procedure
1. Start the transaction using the menu path or transaction code.
Create Asset: Initial screen
2. As required, complete/review the following fields:
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 5/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Field R/O/C Description
Asset Class Required Each asset is categorized in an asset class which determines their useful life and depreciation schedule.
Example:49001
The Asset Class describes the type of asset such as Land, Land Improvement, Building, Moveable Equipment, etc. The Asset Class is also tied to a useful life for depreciation of capital assets.
Company Code Required Organizational unit within Financial Accounting
Example:UC
The company code is UC.
Number of similar assets Optional Number of similar assets that you want the system to create when you save the asset master record
Example:1
Enter the number of similar assets that you want to create asset master shells for. The system defaults to 1.
Reference Asset Optional Main number of asset used as a reference asset when creating a new asset
Example:21000005
A shortcut for creating multiple asset master shells for similar assets.
The Asset Class of the referenced asset must be the same as the asset class of the new asset(s) being created.
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 6/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Field R/O/C Description
Reference Sub-number Optional Sub Number of the asset used as a reference asset
Example:0
Sub-number will represent funding source(s) of asset. The first sub-number always defaults to 0.
Company code Required Organizational unit within Financial Accounting
Example:UC
Verify that Post-capitalization is deselected. It is controled by Asset Management.
3. Click the button .
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 7/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Create Asset: Master data
4. As required, complete/review the following fields:
Field R/O/C Description
Description Required Text to identify and characterize an object or activity.
Example:Computer
5. Click the button .
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 8/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Long Texts
6. Click the button to create new long text.
Change Asset master general long text: UC INTERN-000010000 Language EN
7. As required, complete/review the following fields:
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 9/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Field R/O/C Description
Microsoft Word Document
Optional Additional text about the item.
Example:Dr Lee's Computer
8. Click the button to return to the previous screen.
Exit Text
9. Click the Yes button .
Long Texts
10. Click the button .
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 10/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Create Asset: Master data
11. As required, complete/review the following fields:
Field R/O/C Description
Unlabeled field (below the Description field)
Optional Used for additional information about the asset
Example:233G-4
Typically used for Model Number of Asset.
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 11/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Field R/O/C Description
Serial number Required Serial number located on the asset
Example:123abc111
If known, insert the actual serial number of the asset, otherwise enter after the asset is received via transaction AS02. (Required for capital assets.)
Ordered on Optional Date asset was ordered
Example:04/22/2013
Enter the ordered on data if needed, this will not default from the purchase order.
12. Click Time-dependent tab .
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 12/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Create Asset: Master data
13. As required, complete/review the following fields:
Field R/O/C Description
Cost Center Required Organizational unit for capturing costs
Example:1010000000
The cost center where the cost will be booked.
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 13/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Field R/O/C Description
Resp. cost center Required The cost center that has possession or responsibility of the asset
Example:1500000004
The asset will be on the inventory list of this cost center.
Int. order Optional Sales, production, process, purchase, internal, or work order number that uniquely identifies an object.
Example:p12345
License plate number Conditional The assigned license plate number for registered vehicles
Example:AA68TY
Fund Required A fund is a separate & distinct fiscal/accounting object containing a complete self-balancing set of accounts used to segregate cash and other financial resources, together with associated liabilities, residual equities, and related changes. Amounts are separated by fund so that certain activities can be performed or objectives achieved in accordance with special regulations, restrictions, or limitations. Funds are classified into fund types, which have distinctive accounting and reporting requirements.
Example:A100001
Functional Area Required Organizational unit in accounting that classifies the expenses of an organization by functions; i.e. Instruction (0), Research (1), Public Service (2), Academic Support (3), Student Services (4), Institutional Support (5), Operation and Maintenance (6), Scholarship and Fellowship (7), Auxiliaries (8), Hospital (9), None (X)
Example:5
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 14/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Field R/O/C Description
Grant Conditional An award to the university as additional resources to support instruction, research, or public service; A type of financial assistance awarded to an organization for the conduct of research or other program as specified in an approved proposal
Example:1234567
Bldg name Required The building where the asset is located
Example:A Pavilion
Required for moveable assets.
Room Number Required Room number where the asset is located
Example:312
Required for moveable assets.
14. Click the Allocations tab .
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 15/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Create Asset: Master data
15. As required, complete/review the following fields:
Field R/O/C Description
Auxiliary ConditionalExample:AUX
If the asset is assigned to an Auxiliary, select AUX from the drop-down menu; otherwise leave this field blank.
16. As required, complete/review the following fields:
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 16/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Field R/O/C Description
Export Control Conditional Export Control is the transfer of commodities, software, technology, or information that is controlled. It can happen inside (deemed export) or outside the US.
Example:EAR99
Export Control is the transfer of commodities, software, technology, or information that is controlled. It can happen inside (deemed export) or outside the US. The manufacturer can supply this information to you. Please complete the Product Classicifation Certification form located at: http://researchcompliance.uc.edu/ExportControls/Resources/forms.aspx
Service Center Required An institutional entity which provides a service or product to University users for a fee; The rates charged by the center are calculated so that the center recovers its costs; The University has two types of Service Centers, University Service Centers and Departmental Service Centers.
Example:D600017
Enter the Service Center that owns the asset. This will only be used for Capital Assets that are included in the Service Center Rate.
Investment reason Conditional Indicates the organizational ownership of an asset. How the asset is titled.
Example:10
The investment reason will default to 10 (UC) for all asset classes except for Non-UC Titled asset classes (39700 or 49700). The investment reason should only be modified if utilizing a Non-UC Titled asset class.
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 17/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Create Asset: Master data
17. Click Origin tab .
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 18/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Create Asset: Master data
18. As required, complete/review the following fields:
Field R/O/C Description
Vendor Conditional Code for the Vendor
Example:100005-C
This is listed as Conditional. This field is updated by the system when an invoice is posted to a PO. This does not apply to P-Card, A114, donated assets or any other case when an asset is not referenced on a PO.
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 19/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Field R/O/C Description
Unlabeled field (to the right of the Vendor field) Vendor
Conditional Description of the vendor
Example:Dell Computer Shop
Manufacturer Conditional Name of manufacturer of a material or product
Example:Dell
Country of origin Optional The country where the asset was manufactured
Example:US
Type name OptionalExample:A114-141391
Acquisition Type Conditional How asset was acquired
Example:T-TRANSFER IN FROM ANOTHER UC DEPARTMENT.
Do not enter; controlled by Asset Management.
Disposition Type Conditional How asset was disposed
Example:D-DESTROYED/SCRAPPED/DEMOLISHED
Do not enter; controlled by Asset Management.
19. Click the Deprec. areas tab .
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 20/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Create Asset: Master data
20. Click the button .
This tab is controlled by Asset Management. View the displayed information.
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 21/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Create multiple assets
21. Click the Create button .
This screen will only display if more than one asset shell is being created.
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 22/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Create Asset: Initial Screen
22.The system displays the message, “The assets xxxxxxxx x to xxxxxxxx x have been created".
23. Click the button to exit.
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 23/24
Work InstructionFunctional Area: Asset Accounting Create Asset Master Record (AS01)
Result
You have created an asset master record.
11/3/2017Ver: Rev 2016-1
Create Asset Master Record (AS01).udc© University of Cincinnati 24/24