Examlex
In exploring the question of whether computers can be creative,Margaret Boden suggested that putting already familiar ideas or components together in novel but useful or interesting combinations,but according to preset rules,is an example of:
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements globally.
Losses Disclosure
The requirement for companies to provide detailed reports of financial losses within their financial statements, enhancing transparency.
Reasonably Possible
Refers to a situation or outcome that is within the realm of likelihood, though not certain, based on current knowledge and circumstances.
Probable Loss
An anticipated financial loss that has a greater than 50% chance of occurring, often recognized in financial statements in accordance with accounting principles.
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