#1. Transfer pricing refers to setting prices between related parties. There are

#1. Transfer pricing refers to setting prices between related parties. There are many reasons to skew such prices when allowed. Discuss this issue from a managerial perspective.Video 1: Transfer Pricing 1: http://www.youtube.com/watch?v=qbvHGEmqbhsVideo 2: Transfer Pricing 2: http://www.youtube.com/watch?v=RYgMK3fHmSYQuestion #2 Comment on the managerial accountants role in the US versus other nations.Video 1: Institute of Management Accountants: http://www.youtube.com/watch?v=k_gZcHQSVDwVideo 2: Chartered Institute of Management: http://www.youtube.com/watch?v=cazXO31PTKA