What is original cost in SAP FS-CM - Claims Management?

SAP Term: original cost

• Component: FS-CM

• Component Name: Claims Management

• Description: Actual price paid for an object at the time it was acquired. For insurance purposes original cost is often different from replacement cost or actual cash value.

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• Key Concepts: 
  Original cost is a term used in the FS-CM Claims Management component of SAP. It is the cost of an item or service before any discounts, taxes, or other adjustments are applied. This cost is used to calculate the total cost of a claim and is also used to determine the amount of reimbursement that a customer may receive. 
  
  How to use it: 
  In FS-CM Claims Management, original cost is used to calculate the total cost of a claim. This cost is determined by taking into account any discounts, taxes, or other adjustments that may have been applied to the item or service. Once the original cost has been determined, it can be used to calculate the amount of reimbursement that a customer may receive. 
  
  Tips & Tricks: 
  When calculating the original cost of an item or service, it is important to take into account any discounts, taxes, or other adjustments that may have been applied. This will ensure that the correct amount of reimbursement is calculated for the customer. 
  
  Related Information: 
  For more information on how to use original cost in FS-CM Claims Management, please refer to SAP's documentation on the topic. Additionally, there are many online resources available that provide detailed instructions on how to use this feature in SAP.