Related parties (IAS 24) – ACCA (SBR) lectures

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1. kris17 says

   February 19, 2020 at 10:24 pm

   what is arm`s length transactions?
   In IAS24 Related party specifies that entity may only disclose that related party transactions were made on terms equivalent to those that prevail in arm`s length transactions if such terms can be substantiated.

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2. habib74444 says

   February 9, 2020 at 8:54 am

   Thank you chris ! Do you share more examples of identifying related party transactions ?

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3. amosyao says

   July 5, 2019 at 3:56 am

   Hi Sir, I want to know if directors of a subsidiary and the parent company are related parties.
   Thanks

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   • habib74444 says

     February 9, 2020 at 9:02 am

     Kmp (director ) of reporting entity is related party for other entity but mere directors of both companies are not related parties .

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4. fatinka says

   December 10, 2018 at 10:34 am

   Hi Chris! Thank you for your lecture. It’s so easy to follow… I just want to clarify as per last example. Is it correct:
   -Close family and Subsidiary are not RPs
   – Director and Post-employement benefit plan are RPs
   Thank you

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   • P2-D2 says

     January 4, 2019 at 9:06 am

     Hi,

     Close family and a subsidiary would both be a related party as there is influence/control.

     You are correct with the director and post-employment benefit plan.

     Thanks

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