How to transfer CIP Costs from PPM to Fixed Assets without triggering Capitalization?

Summary:

We have a requirement to transfer capital costs from PPM to Fixed Assets as Construction-in-Progress (CIP) for reporting and integration with Oracle EPM. Our business process is to accumulate and report on CIP balances in Fixed Assets throughout the project lifecycle, but only capitalize the asset (i.e., start depreciation) when the project is complete and the asset is truly in service.

From what we have seen, Fusion requires us to enter an “In Service Date” on the asset shell in PPM before we can generate asset lines and transfer costs to Fixed Assets. However, entering this date causes the asset to be capitalized in Fixed Assets immediately, rather than remaining as CIP. This prevents us from accumulating CIP balances in Fixed Assets for reporting and EPM integration, and does not align with standard capital project accounting practices.