CERTYNEX IFRS ACADEMY

Sigma SA delivers goods to a customer with payment in 30 days. The trade receivable has no significant financing component. The transaction price under IFRS 15 is 36,000; the fair value of the receivable, estimated by discounting that amount, would be 35,400. At what amount does Sigma initially measure the receivable?

At the fair value of the receivable, i.e. 35,400.

At the fair value of 35,400, plus directly attributable transaction costs.

At the transaction price less the lifetime expected credit loss.

At the transaction price under IFRS 15, i.e. 36,000.