I am studying PM F5 Performance Management. I want to know “How does variance analysis contribute to performance management , the concept of transfer pricing and its significance in multinational corporations?
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Variance analysis in performance management helps identify deviations between actual and planned results, enabling informed decision-making to improve performance and control costs. Transfer pricing is crucial for multinational corporations, ensuring fair allocation of costs and revenues between entities, impacting divisional profitability and tax liabilities across jurisdictions. Efficient transfer pricing supports optimal resource allocation and compliance with international regulations. However to clear concept completely, I would suggest from my experience to pursue course of Sir Shafi of PM F5 online from Mirchawala Hub of Accountancy