What is monetary reported value in SAP FS-PM - Policy Management?

SAP Term: monetary reported value

• Component: FS-PM

• Component Name: Policy Management

• Description: The reported value is a monetary value, as opposed to a quantity-based reported value. Example 400,000 euros annual sales volume

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• Key Concepts: 
  Monetary reported value is a term used in SAP FS-PM Policy Management. It is a value that is reported to the policyholder and is used to calculate the amount of money that the policyholder will receive from the insurance company. This value is based on the policyholder's current financial situation and can be adjusted over time. 
  
  How to use it: 
  The monetary reported value is used to calculate the amount of money that the policyholder will receive from the insurance company. This value is based on the policyholder's current financial situation and can be adjusted over time. The monetary reported value can be used to determine the amount of money that will be paid out in the event of a claim. 
  
  Tips & Tricks: 
  It is important to keep track of the monetary reported value as it can change over time. It is also important to ensure that the monetary reported value is accurate and up-to-date in order to ensure that the policyholder receives the correct amount of money from the insurance company. 
  
  Related Information: 
  The monetary reported value is related to other terms such as premium, deductible, and coverage limit. It is important to understand how these terms are related in order to ensure that the policyholder receives the correct amount of money from the insurance company.