Provide Reasons for Not Recognising Any Gain or Loss on Subsequent

question 23

Essay

Provide reasons for not recognising any gain or loss on subsequent changes in ownership after control has been achieved as outlined in the Basis for Conclusions that accompanied the release of IFRS 10 Consolidated Financial Statements.

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Definitions:

Credit-Scoring Start-Up

A new business venture focused on developing algorithms or models to assess an individual's or business's creditworthiness.

Machine Learning

A type of artificial intelligence that enables software applications to become more accurate at predicting outcomes without being explicitly programmed for those outcomes.

Makes Loans

The act of providing funds to individuals or entities with the expectation that the funds will be paid back with interest.

Germany

A country in Central Europe known for its rich history, cultural heritage, and significant contributions to art, philosophy, science, and technology.