This course has been very insightful. The presentations were exceptional as could explain this seemingly difficult topic in a very simple way. The examples given throughout were easy to follow and understand. I learned, grasped, and now can put the theory into practice. Lastly and most importantly, I recommend anyone interested in the subject of Tranfser Pricing to take up this course.
2023-05-20
Free Transfer Pricing tutorial, What is the purpose of transfer pricing?
A transfer price arises for accounting purposes when related parties, such as divisions within a company or a company and its subsidiary, report their own profits. When these related parties are required to transact with each other, a transfer price is used to determine costs.What is transfer pricing example?
Transfer pricing is the setting of the price for goods and services sold between controlled (or related) legal entities within an enterprise. For example, if a subsidiary company sells goods to a parent company, the cost of those goods paid by the parent to the subsidiary is the transfer price.What is transfer pricing and why is it important?
A transfer price is also essential to come up with a fair and equitable price when the transaction takes place between two common entities. Transfer price helps with the accounting of transactions with familiar entities. It, in turn, helps to determine their profit or loss