Question: What Is Another Word For Impairments?

How do you record goodwill impairment?

An impairment is recognized as a loss on the income statement and as a reduction in the goodwill account.

The amount that should be recorded as a loss is the difference between the asset’s current fair market value and its carrying value or amount (i.e., the amount equal to the asset’s recorded cost)..

What is the medical term for impairment?

(im-pār’mĕnt) Physical or mental defect at the level of a body system or organ. The official World Health Organization definition reads any loss of psychological, physiologic, or anatomic structure or function. Medical Dictionary for the Dental Professions © Farlex 2012.

What is the meaning of impairments?

: the act of impairing something or the state or condition of being impaired : diminishment or loss of function or ability …

What is impairment of an asset?

An impaired asset is an asset that has a market value less than the value listed on the company’s balance sheet. When an asset is deemed to be impaired, it will need to be written down on the company’s balance sheet to its current market value.

What does aid mean?

1a : the act of helping someone climbers in need of aid. b : help given : assistance providing aid and comfort specifically : tangible means of assistance (such as money or supplies) government aid. 2a chiefly US : aide worked as a teacher’s aid.

Which condition would be considered an impairment?

Impairment. The term “impairment” did not change. It is still any physiological disorder or condition, cosmetic disfigurement, or anatomical loss affecting one or more body systems, or any mental or psychological disorder.

Is an impairment an expense?

An impairment cost must be included under expenses when the book value of an asset exceeds the recoverable amount. Impairment of assets is the diminishing in quality, strength amount, or value of an asset.

What is a synonym for impairment?

impairment(noun) damage that results in a reduction of strength or quality. Synonyms: constipation, stultification, harm, disability, deadening, handicap, damage, deterioration, disablement.

What is impairment example?

Impairment in a person’s body structure or function, or mental functioning; examples of impairments include loss of a limb, loss of vision or memory loss. Activity limitation, such as difficulty seeing, hearing, walking, or problem solving.

What are the causes of impairment?

For adults, disease and illness was the main cause of impairment, followed by accident and injury. An impairment is the term for the actual condition that someone has.

What are the 21 types of disabilities?

21 Types of DisabilitiesBlindness.Low-vision.Leprosy Cured persons.Hearing Impairment.Locomotor Disability.Dwarfism.Intellectual Disability.Mental Illness.More items…•

What is the medical term for impairment of ability to move?

Medical Definition of Bradykinetic Bradykinetic: Pertaining to slowed ability to start and continue movements, and impaired ability to adjust the body’s position. … The word bradykinetic is logically derived from two Greek roots: bradys, slow + kinesis, movement = slow movement, slow motion, slow moving.

What is another word for dismantle?

In this page you can discover 47 synonyms, antonyms, idiomatic expressions, and related words for dismantle, like: destroy, subvert, strip, dismount, deprive, disassemble, break up, take-down, tear down, pull down and knock down.

What is an impairment in business?

Impairment occurs when a business asset suffers a depreciation in fair market value in excess of the book value of the asset on the company’s financial statements. Under the U.S. generally accepted accounting principles, or GAAP, assets that are considered “impaired” must be recognized as a loss on an income statement.

What is an impairment test?

Impairment test is an accounting procedure carried out to find out if an asset is impaired, i.e. whether the economic benefits that the asset embodies have dropped drastically. Under US GAAP, if the carrying value of an asset exceeds the sum of undiscounted expected cash flows of an asset, the asset is impaired.

What is the opposite of impairment?

What is the opposite of impairment?assistanceabetmentrepairreparationgoodnessvirtuegainprofitblessing17 more rows

What is the difference between an impairment and a disability?

As traditionally used, impairment refers to a problem with a structure or organ of the body; disability is a functional limitation with regard to a particular activity; and handicap refers to a disadvantage in filling a role in life relative to a peer group.