CERTYNEX IFRS ACADEMY

Tellur SA sells products to customers with payment in 30 days. Its trade receivables have no significant financing component. Which impairment approach does Tellur apply to these receivables?

The general approach: 12-month losses at origination, then lifetime losses after a significant increase in credit risk.

The simplified approach, provided the entity has chosen this method as an accounting policy.

The simplified approach: allowance equal to the lifetime expected losses, without stages.

A loss allowance recognised from the due date of the receivables, based on incurred losses.