Fixed Assets - EBS (MOSC)

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CIP Assets

edited Mar 9, 2013 6:22PM in Fixed Assets - EBS (MOSC) 1 commentAnswered ✓
Hi,

There are two different questions on CIP Assets.

I want to know if there are CIP Assets waiting to be brought over from Projects - how does it get accounted in the Balance Sheet. So there are costs - payroll, Expense Report. Labor costs which get accumulated in Projects. How do you report these CIP Assets which are in Projects? It is necessary for the client to report those CIP Assets.

Another question is can I bring in CIP Assets from Projects as CIP Assets and not capitalize it until necessary. If yes, then what is the process. Thanks,

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