Transfer pricing

Question#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=qbvHGEmqbhs
Video 2: Transfer Pricing 2: http://www.youtube.com/watch?v=RYgMK3fHmSY

Question #2
Comment on the managerial accountant’s role in the US versus other nations.

Video 1: Institute of Management Accountants: http://www.youtube.com/watch?v=k_gZcHQSVDw
Video 2: Chartered Institute of Management: http://www.youtube.com/watch?v=cazXO31PTKA