CERTYNEX IFRS ACADEMY

Vega SA has performed services invoiced at 120,000 (transaction price under IFRS 15), with payment in 45 days. The trade receivable has no significant financing component. What are the applicable initial measurement of the receivable and impairment approach?

Initial measurement at the IFRS 15 transaction price; simplified approach, with an allowance equal to the lifetime expected losses.

Initial measurement at fair value plus transaction costs; general approach in three stages.

Initial measurement at the IFRS 15 transaction price; general approach, with a 12-month measurement at origination.

Initial measurement at fair value; simplified approach, with an allowance equal to the 12-month expected losses.