risk adjustment techniques(風(fēng)險(xiǎn)調(diào)整技術(shù))是什么_2022年ACCA考試FM知識(shí)點(diǎn)

來(lái)源：東奧會(huì)計(jì)在線責(zé)編：田彤2022-07-08 09:40:47

夢(mèng)是一條路，終點(diǎn)是深不可測(cè)的潛意識(shí)。夢(mèng)也是一面鏡子，一直反映著人生最初的自我。距離9月acca考試越來(lái)越近了，考生們需要盡快調(diào)整備考狀態(tài)，鞏固基礎(chǔ)知識(shí)點(diǎn)，爭(zhēng)取早日拿下acca證書。今天為同學(xué)們整理了risk adjustment techniques(風(fēng)險(xiǎn)調(diào)整技術(shù))相關(guān)知識(shí)點(diǎn)，具體內(nèi)容如下。

【內(nèi)容導(dǎo)航】

risk adjustment techniques(風(fēng)險(xiǎn)調(diào)整技術(shù))

【知識(shí)點(diǎn)】

risk adjustment techniques(風(fēng)險(xiǎn)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.

堅(jiān)強(qiáng)的意志和決心可以克服一切困難，堅(jiān)持的信念和不必要的心是最強(qiáng)大的武器。以上就是為大家整理的ACCA考試相關(guān)知識(shí)點(diǎn)了，最后預(yù)祝大家順利上岸。

注：以上內(nèi)容來(lái)自FM精講班第19講

(本文為東奧會(huì)計(jì)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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