CERTYNEX IFRS ACADEMY

The standard applicable to Vallorge's portfolio of receivables requires it to be measured at fair value and treats the whole portfolio as the unit of account (case data). The team measures each receivable separately and then adds them up. What should the team do?

Ask IFRS 13 to decide between a single receivable and the portfolio.

Measure only the largest receivables and extrapolate.

Carry on receivable by receivable: the finest unit is the most reliable, since each receivable has its own price.

Measure the whole portfolio as a group, because that is the unit set by the applicable standard.