Question#1.Transfer pricingrefers to setting prices between related parties. The

Question#1.Transfer pricingrefers 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 #2Comment on themanagerial accountants role in the US versus other nations.Video 1:Institute of ManagementAccountants: http://www.youtube.com/watch?v=k_gZcHQSVDwVideo 2:Chartered Instituteof Management: http://www.youtube.com/watch?v=cazXO31PTKA