Міжвідомчий Науково-методичний збірник
"Криміналістика і судова експертиза"
ISSN: 2786-7072 (Online); ISSN: 2786-7080 (Print)
PDF Paientko Завантажень: 137, розмiр: 540.9 KB

DOI: https://doi.org/10.33994/kndise.2021.66.80

T. Paientko, M. Rudaia

The article summarizes the methodological approaches to the choice of discount rate. The purpose of the article is to substantiate methodological approaches to the selection of the discount rate concerning the examination related to the recognition of assets and liabilities requiring discounted valuations in the financial statements.
The practical application of the discount rate methodology is explored. One of the most important models for estimating expected returns on securities portfolios, equity and the basis for setting risk premiums and discount rates is the Capital Asset Pricing Model (CAPM). In spite of the fact that the mandatory use of the model in Ukraine is absent at legislative level, the correctness of its application is confirmed by long-term business practice worldwide.
It has been determined, that in order to protect the position of legal experts in the preparation of opinions related to local risk-free rate for evaluation of the discount rate determination it is suggested to use global risk-free rate with the appropriate adjustments. The algorithm for calculating the discount rate on the model of capital assets cost, which is possible to apply in the current realities of Ukraine, is substantiated.

Key words: discount rate, risk-free rate of return, capital asset pricing model.