Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
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.
February 9, 2020 at 8:54 am
Thank you chris ! Do you share more examples of identifying related party transactions ?
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.
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 .
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
January 4, 2019 at 9:06 am
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.
You must be logged in to post a comment.