IAS 24 or FRS 124 Regarding Examples Of Transactions Between Related Parties

IAS 24 and Malaysia’s FRS 124 deal with Related Party Disclosures. Name some examples of Related Party Transactions

Examples Of Related Party Transactions are:

  • Purchases or sales of goods (finished or unfinished)
  • Purchases or sales of property or other assets
  • Rendering or receiving of services
  • Leases
  • Transfers of research and development
  • Transfers under license agreements
  • Transfers under finance arrangements(including loans and equity contributions in cash or in kind)
  • Provision of guarantees or collateral
  • Settlement of liabilities on behalf of the entity or by the entity on behalf of another party.

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