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By Eldon S. Hendriksen

A common body of reference is used to judge the numerous parts of monetary accounting concept and perform. It contains a variety of theories that aren't unavoidably in line with one another and which may result in assorted conclusions. reviews are made at 3 easy degrees: the structural point, the semantic interpretation point, and the pragmatic point. Emphasis is put on the inductive-deductive and the capital industry methods within the reviews, even supposing different ways are mentioned the place applicable. recommended recommendations are tentative and topic to alter as new proof turns into to be had.

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Intermediate goods by their very nature have no market price, because these goods are not yet marketable. The transfer pricing problem is to measure the cost of production for these intermediate goods. SELECTING A PRICING STRATEGY A business that is engaged in the process of selecting one or more transfer pricing methods should consider a number of external variables in selecting such a method, whether this decision applies to intercompany transactions or to intracompany transactions. The following are 10 of the most important external variables that affect the selection of a transfer pricing method: 1.

Overall profitability can be maximized when Division A connects with the assembly division that is most efficient, a goal that would be sought by the business as a whole. Thus, each division would be concerned about the others’ cost of performance and level of production or sales. Pro Rata Sharing of the Benefits of Cost Reduction The apportionment of variable income among divisions may lead to cooperation between the divisions, but this transfer pricing strategy has one negative side effect. A division that reduces its costs is not entitled to the entire benefit and must share this benefit with other divisions.

DIVISION AND PROFIT CENTER ACCOUNTING Before we can address intracompany transfer pricing issues that may be applicable to a particular business, it is important to understand the basics of nomenclature and terminology for such concepts as divisional accounting, cost center, and profit center in the transfer pricing context. For purposes of this analysis, a division is an operating unit that is a principal portion of a corporation in which managers have decisionmaking authority. A profit center could be a division of a business, but divisions Business Facets of Transfer Pricing 15 often encompass many profit centers.

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