CERTYNEX IFRS ACADEMY

Optiméa delivers three laboratory analysers to a clinic on 1 October 20X1 for a 90-day trial period. The clinic only commits to pay at the end of the trial and can return the devices free of charge during that period. It uses them from delivery. The trial expires on 30 December 20X1; at that date, the clinic has neither expressly accepted nor returned the devices. When does Optiméa recognise revenue?

On 1 October 20X1, because the clinic has physical possession of the devices and uses them.

On 31 December 20X1, the reporting date.

On collection of the price, after the trial.

On 30 December 20X1, when the trial expires, in the absence of earlier acceptance.