2014年ACCA《F9财务报告》考试中的重点内容，为了帮助大家全面复习ACCA考试，系统的了解F9财务报告学科重点知识，我们考吧.cc特为考生们整理了以下辅导知识，希望考生们能够喜欢。

Payback method

The payback method is used to determine how long it will take for future cash inflows from the project to equal the initial cost of the project. The method as the name implies establishes the payback period of each project. As the method stands， the shorter the payback period the better. It is often argued that industries where products get outdated quickly such as fashion and computers will prefer to use the payback method. The reason being that it is critical that the initial cost of the project is recovered quickly. In any case， most organisations have a set of standard payback periods for each investment project. They will in most cases compare the payback period from each investment project with the pre-determined payback period. Any project that falls short of the standard payback period will be rejected.

Evidence has shown that apart from this fact， managers will prefer to use the method as an initial screening process because it is easy to use and understand by them. One important disadvantage of the method is that it ignores the time value of money. It also ignores profitability of the project but stresses the importance of liquidity. Whether this is an advantage or not will depend on the area of interest to the individual concerned.

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