What is reference condition type in SAP CA-FIM-FCO - Financial Conditions?

SAP Term: reference condition type

• Component: CA-FIM-FCO

• Component Name: Financial Conditions

• Description: A condition type that references other condition types. The following condition types require a reference condition type: Amount limits Automatic waiver Interest penalty

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• Key Concepts: 
  Reference condition type is a feature of the SAP Financial Conditions (CA-FIM-FCO) component. It allows users to define a condition type that can be used as a reference for other condition types. This reference condition type can be used to define the pricing structure for other condition types, such as discounts, surcharges, and taxes. 
  
  How to use it: 
  Reference condition types are defined in the SAP system using the transaction code FCO1. The user must enter the name of the reference condition type, its description, and the pricing structure that will be used for other condition types. The pricing structure can be based on a percentage or an absolute value. Once the reference condition type is created, it can be used as a reference for other condition types. 
  
  Tips & Tricks: 
  When creating a reference condition type, it is important to ensure that the pricing structure is accurate and up-to-date. This will ensure that all other condition types are correctly priced according to the reference condition type. Additionally, it is important to keep track of any changes made to the reference condition type, as these changes will affect all other condition types that use it as a reference. 
  
  Related Information: 
  For more information on SAP Financial Conditions (CA-FIM-FCO) and how to use reference condition types, please refer to the SAP Help Portal or contact your local SAP support team.