Define: Impairment

UK Accounting Glossary

Definition: Impairment


Quick Summary of Impairment


A reduction in the carrying value of an asset, beyond the expected depreciation, which must be reflected by reducing the amount recorded in the balance sheet.




What is the dictionary definition of Impairment?

Dictionary Definition


  1. The result of being impaired; a deterioration or weakening; a disability or handicap; an inefficient part or factor.
  2. accounting A downward revaluation, a write-down.

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Full Definition of Impairment



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Impairment FAQ's



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https://payrollheaven.com/define/impairment/
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Impairment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 21, 2019 https://payrollheaven.com/define/impairment/.
Chicago Manual of Style (CMS):
Impairment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/impairment/ (accessed: November 21, 2019).
American Psychological Association (APA):
Impairment. PayrollHeaven.com. Retrieved November 21, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/impairment/

Definition Sources


Definitions for Impairment are sourced/syndicated from:


This glossary post was last updated: 23rd December 2018.