CERTYNEX IFRS ACADEMY

Rapidéco signs a 9-month event organisation contract and pays its salesperson a commission of 2,500 linked to the signing. The related asset, if recognised, would be amortised over those 9 months. What treatment does IFRS 15 permit?

Rapidéco must recognise the commission as an asset and amortise it over 9 months.

Rapidéco may recognise the commission as an expense when incurred.

The commission must be expensed, because commissions are never recognised as assets.

The commission must be deducted from the transaction price of the event organisation contract.