CERTYNEX IFRS ACADEMY

Two contracts are entered into near the same time between Brocéliane and the same customer. Which of the following circumstances, each on its own, require them to be accounted for as a single contract?

Both contracts were negotiated by the same Brocéliane salesperson.

Both contracts were negotiated as a package with a single commercial objective.

Both contracts refer to the same general terms and conditions of sale.

The price of the second contract was set on the basis of the price of the first.

The goods and services promised in the two contracts form a single performance obligation.