CERTYNEX IFRS ACADEMY

The cheese maker Salers sold cheese to the purchasing group Alpina in March 20X1 and recognised the related revenue. In September 20X1, following a commercial renegotiation, it promises Alpina a payment of 6,000 without receiving any distinct good or service; it previously had no customary practice or intention of doing so (case data). The payment will be made in December 20X1. When does Salers recognise the reduction of revenue?

In March 20X1, retrospectively, at the date on which revenue from the cheese was recognised.

In September 20X1, when the promise is made.

In December 20X1, when the payment is actually made to the purchasing group Alpina.

Never: the payment is recognised as a selling expense when paid.