Learn about asset impairment, its impact on financial statements, and how it's recognized. Understand how impairment differs from depreciation in accounting.

Impairment loss occurs when a business asset suffers an unexpected, permanent depreciation in fair market value in excess of the book value of the asset on a company’s financial statements. Assets can ...

Given the movement toward acceptance of IFRS in the U.S., a discussion about other-than-temporary impairment on securities would not be complete without a discussion of the IFRS requirements. IFRS ...

Goodwill impairment accounting arises when an acquiring entity purchases another business and records an intangible asset representing the excess of purchase price over the fair value of identifiable ...

The Financial Accounting Standards Board is forming a “transition resource group” to facilitate implementation of the pending standard on financial instrument impairment, but doesn’t see the need for ...