Monthly Report

2. Preparation Asset Capitalization Certificate:

-Based on the procedure of the asset capitalization, the responsibility of the Cost Budget Controller is:

-An asset (in full or part shall be capitalized, when the asset completed or, when handed over to End / Asset holder or is capable of being put to use even if not entirely completed, which ever is earlier.

-Prepare the Capitalization Certificate (CC) based on approved AFE (Authorization For Expenditure) and ACS (Asset Capitalization Schedule).

-Reconciles CWIP and cost records.

-Liaises with Sr. Cost and Planning Engineer, Leads, Sr. project Engineers, Asset. Managers & Manager.

-Issues' status Report' to finance on quarterly basis or in repose to finance requirement.

-Ensure full capitalization of project before budget closure.

-Ensure that the total expenditure is capitalizes.

-Ensure timely Capitalization of Asset.

-Prepare Capitalization certificate, obtain approval and issue to finance.

2.1 Steps for Preparing Asset Capitalization Certificate:

Continue what I did before few months ago for preparing (CC) used both reports (S_ALR_87100190) and (S_ALR_87012994) reports. I saved it from SAP system to prepare capitalization certificate sheets for projects which is identified by planners to be capitalize.