Cost of capital(資本成本)是什么_2022年ACCA考試FM知識(shí)點(diǎn)
當(dāng)你在夜晚孤軍奮戰(zhàn)，滿天星光都因你而閃爍。acca含金量比較高，每個(gè)考季都有大量考生報(bào)名。考生如果想一次通過ACCA考試，需要嚴(yán)格執(zhí)行學(xué)習(xí)計(jì)劃，鞏固基礎(chǔ)知識(shí)點(diǎn)。今天為同學(xué)們整理了Cost of capital(資本成本)相關(guān)知識(shí)點(diǎn)，準(zhǔn)備參加9月acca考試的同學(xué)們一起來看看吧。
【內(nèi)容導(dǎo)航】
Cost of capital(資本成本)
【知識(shí)點(diǎn)】
Cost of capital(資本成本)是什么
The cost of capital can be analysed into three elements:
(a) Risk-free rate of return
This is the return which would be required from an investment if it were completely free from risk. Typically, a risk-free yield is the yield on government securities.
(b) Premium for business risk
This is an increase in the required rate of return due to the existence of uncertainty about the future and about a firm's business prospects. The actual returns from an investment may not be as high as they are expected to be. Business risk will be higher for some firms than for others, and some types of project undertaken by a firm may be more risky than other types of project that it undertakes.
(c) Premium for financial risk
This relates to the danger of high debt levels (high gearing). The higher the gearing of a company's capital structure, the greater will be the financial risk to ordinary shareholders, and this should be reflected in a higher risk premium and therefore a higher cost of capital.
無論現(xiàn)在多么的不開心，你要相信，明天會(huì)比今天更好。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)祝大家通過acca考試。
注：以上內(nèi)容來自Echo老師FM精講班第27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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