CERTYNEX IFRS ACADEMY

Cherine does not discount very short-term trade payables; the effect is immaterial (case data) and the practice is applied every year, with no link to a profit objective. How should it be described?

A prohibited departure, since any departure from IFRSs is banned.

A change in accounting policy to be justified by more relevant information.

An accepted simplification, since the effect is immaterial.

An error to be corrected retrospectively every year.