Related party transactions
| Order ID |
53563633773 |
| Type |
Essay |
| Writer Level |
Masters |
| Style |
APA |
| Sources/References |
4 |
| Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Related party transactions
Related party transactions refer to transactions that occur between two parties who have a pre-existing relationship or affiliation with each other. These parties could include individuals, companies, or other entities that have a significant influence over each other’s decision-making processes. Such transactions can pose both benefits and risks, as they may involve conflicts of interest and potential abuse.
Related party transactions can occur in various forms, such as the sale or purchase of goods, services, or assets, as well as lending or borrowing money, leasing agreements, or even the transfer of employees between related entities. The key characteristic of these transactions is that the parties involved share a common control, ownership, or influence, which can significantly impact the terms and conditions of the transactions.
There are several reasons why related party transactions may take place. In some cases, it could be due to the convenience and efficiency of dealing with parties who have a mutual understanding and shared goals. For example, a parent company may provide goods or services to its subsidiary at a favorable rate, ensuring the subsidiary’s smooth operation. Additionally, related party transactions can help consolidate resources and expertise within a group of companies or entities.
However, related party transactions also carry inherent risks that need to be carefully managed. One major concern is the potential for conflicts of interest. When parties with a shared interest engage in transactions, there is a risk that one party may prioritize its own interests over the best interests of the other party. For instance, a director of a company may sell an asset to a company they also have a significant ownership stake in, resulting in a transaction that is not conducted at arm’s length and may not represent fair value.
To mitigate the risks associated with related party transactions, companies are required to follow specific accounting and disclosure standards. These standards aim to ensure transparency and fairness in financial reporting by requiring companies to disclose the nature, terms, and conditions of related party transactions in their financial statements. This allows stakeholders, such as investors, regulators, and auditors, to evaluate the impact of these transactions on the company’s financial position and performance.
Furthermore, many jurisdictions have specific regulations and guidelines governing related party transactions. These regulations often require additional scrutiny and approval procedures for transactions involving related parties to protect the interests of minority shareholders and prevent abuses. For example, companies may be required to obtain independent valuation reports, seek approval from the board of directors or shareholders, or establish special committees to review related party transactions.
In recent years, there has been an increased focus on related party transactions due to several high-profile cases of abuse and fraud. Regulators and standard-setting bodies have responded by strengthening the rules and requirements surrounding related party transactions, placing a greater emphasis on transparency, disclosure, and independent oversight.
In conclusion, related party transactions play a significant role in the business world, allowing affiliated parties to collaborate, share resources, and streamline operations. However, they also pose inherent risks, particularly in terms of conflicts of interest. To ensure transparency and fairness, companies are required to follow accounting and disclosure standards and comply with relevant regulations. By doing so, they can mitigate the risks associated with related party transactions and protect the interests of their stakeholders.
Related party transactions
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RUBRIC
| QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
| Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
| Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
| Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
| Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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