risk adjustment techniques是什么_2023年ACCA考试FM知识点

来源：东奥会计在线责编：田彤2023-01-06 10:02:11

别抱怨努力的苦，那是你去看世界的路。acca课程有15门，同学们需通过13门才能获得领取acca证书的资格。同学们需认真备考，学习基础知识点。今天为同学们整理了FM科目risk adjustment techniques(风险调整技术)相关知识点，正在备考的同学们来看看吧。

【内容导航】

risk adjustment techniques(风险调整技术)

【知识点】

risk adjustment techniques(风险调整技术)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.

专注你的梦想，做自己的英雄。以上就是为大家整理的ACCA考试相关知识点了，2023年3月ACCA考试在即，同学们要抓紧时间复习。

注：以上内容来自FM精讲班第19讲

(本文为东奥会计在线原创文章，仅供考生学习使用，禁止任何形式的转载)

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