The Audit Analytics Impairments database tracks impairment disclosures since 2009 for all domestic SEC filers.
- Benchmark impairments by industry, sector, or size
- Research trends involving the largest impairments
- Key data points include reasons and characteristics of impairment, impact on pre-tax income (including EPS, if disclosed), impairment disclosure text, and impairment classification
- Impairment classification includes goodwill, intangibles, and PP&E
- Use impairments as a factor to gauge financial reporting quality
An Impairment is an accounting principle that represents the permanent reduction in the value of a non-cash company asset. An asset’s fair value, cash flow, and future benefits are regularly tested; so when these fall below the asset’s book value, then the difference between the values is written off. This results in the asset’s value declining on the balance sheet.
Rule: ASC 350 & ASC 360
|Module||Accounting + Oversight|
|Coverage||All ’33 & ’34 Act Filers|
|Availability||Online • Data Feed • Excel • WRDS|
DocumentationAccounting + Oversight
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