risk adjustment techniques是什么_2023年ACCA考試FM知識點
別抱怨努力的苦，那是你去看世界的路。acca課程有15門，同學(xué)們需通過13門才能獲得領(lǐng)取acca證書的資格。同學(xué)們需認真?zhèn)淇?，學(xué)習(xí)基礎(chǔ)知識點。今天為同學(xué)們整理了FM科目risk adjustment techniques(風(fēng)險調(diào)整技術(shù))相關(guān)知識點，正在備考的同學(xué)們來看看吧。
【內(nèi)容導(dǎo)航】
risk adjustment techniques(風(fēng)險調(diào)整技術(shù))
【知識點】
risk adjustment techniques(風(fēng)險調(diào)整技術(shù))是什么
Risk adjusted discount rate
? In investment appraisal, a risk-adjusted discount rate can be used for particular types or risk classes of investment projects to reflect their relative risks.
? Different projects have different risks, so the discount rate (required rate of return) should be risk-related. It is often said that ‘the higher the risk, the higher the return’. Investment projects with higher risk should therefore be discounted with a higher discount rate than lower risk investment projects.
? Theoretically, the capital asset pricing model (CAPM) can be used to determine a project-specific discount rate which reflects an investment project’s systematic risk. This means selecting a proxy company with similar business activities to a proposed investment project, ungearing the proxy company equity beta to give an asset beta which does not reflect the proxy company financial risk, regearing the asset beta to give an equity beta which reflects the financial risk of the investing company, and using the CAPM to calculate a project-specific cost of equity for the investment project.
專注你的夢想，做自己的英雄。以上就是為大家整理的ACCA考試相關(guān)知識點了，2023年3月ACCA考試在即，同學(xué)們要抓緊時間復(fù)習(xí)。
注：以上內(nèi)容來自FM精講班第19講
(本文為東奧會計在線原創(chuàng)文章，僅供考生學(xué)習(xí)使用，禁止任何形式的轉(zhuǎn)載)
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