CERTYNEX IFRS ACADEMY

Brivail is considering the extent of the judgements to be disclosed for its contracts with customers. Which statement is correct?

Only judgements relating to revenue recognised at a point in time must be disclosed, the others being a matter of the entity's internal management.

Only judgements that have changed compared with the previous year are to be disclosed, unchanged judgements being assumed to be already known to users.

Brivail discloses the judgements, and changes in judgements, that significantly affect the amount and timing of revenue.

No judgement is to be disclosed: users have the amounts recognised, which are sufficient to assess revenue.