CERTYNEX IFRS ACADEMY

The consulting firm Orsenne Conseil assists a customer with the overhaul of its purchasing. The obligation is satisfied over time (case datum). Fees are 150 per hour worked, invoiced monthly, and Orsenne Conseil has established that this hourly rate corresponds directly to the value to the customer of the performance completed (documented analysis). During March 20X1, Orsenne Conseil worked 120 hours. How may Orsenne Conseil recognise revenue for March?

It recognises no revenue before completion of the assignment, since no final deliverable has been handed over.

It recognises the whole estimated fee for the assignment on signature.

It may recognise 18,000, the amount it has a right to invoice.

It recognises revenue equal to the consultants' salaries, with no margin, as long as the outcome is uncertain.