Understanding Impairment in Accounting: A Guide with Examples Impairment is a substantial, unexpected decline in an asset's recoverable value that requires immediate recognition in financial statements This applies when an asset's ability to generate
IMPAIRMENT Definition Meaning | Dictionary. com IMPAIRMENT definition: the state of being diminished, weakened, or damaged, especially mentally or physically See examples of impairment used in a sentence
impairment noun - Definition, pictures, pronunciation and usage notes . . . an injury, illness or condition that means that part of your body or brain does not work as it normally would or as it does in most people He drove in a state of serious impairment due to alcohol The drug is approved for mild cognitive impairment