Refer IFRS

Question.An investee's just business action, as determined in its establishing archives, is to buy receivables and administration them on an everyday reason for its financial backers. Following is the applicable reality design:

1 The overhauling on an everyday premise remembers the assortment and passing for of head and interest installments as they fall due.

2 Upon default of a receivable the investee consequently puts the receivable to an

financial backer as concurred independently in an arrangement between the investee and the financial backer.

3 The just applicable movement is dealing with the receivables upon default since it is the

just action that can essentially influence the investee's profits.

4 Managing the receivables before default is certifiably not an important movement in light of the fact that the exercises before default are foreordained and sum just to gathering incomes as they fall due and giving them to financial backers.

whether the financial backer has control over the investee?