Type the provision decision tree

Answer

present obligation from a past event? no -> disclose unless remote outflow probable (> 50%)? no -> disclose unless remote reliable estimate? no -> disclose all three yes -> recognise a provision

Three questions in order. Any "no" on the first two sends the item to the notes as a contingent liability (or to nothing if remote); a "no" on the third also discloses. Only three yeses recognise a provision.

Lyryx IFA Vol 2 §12.5; Lyryx Intro FA §9.3; IAS 37 ¶14, ¶23