CERTYNEX IFRS ACADEMY

Cloudélis provides a continuously available data hosting service for 3 years, invoiced quarterly. Each month of service is distinct and substantially the same; according to the case data, each month would be an obligation satisfied over time, measured based on time elapsed. The accountant proposes to identify 12 quarterly performance obligations. What conclusion do you retain?

The proposal is correct: each quarter invoiced is a separate performance obligation.

36 monthly performance obligations must be identified, each month being distinct from the others.

There is a single performance obligation: a series of distinct monthly services that are the same and have the same pattern of transfer.

There is a single performance obligation, satisfied at the end of the contract when the customer retrieves its data.