Asset Impairment: A Literature Review

This assignment delves into the concept of asset impairment by conducting a comprehensive review of relevant academic literature. It examines various aspects of impairment accounting, including recognition criteria, measurement methods, and the impact on financial reporting. The review analyzes scholarly articles that explore the theoretical foundations, empirical evidence, and practical implications of asset impairment losses, shedding light on their significance for investors, managers, and auditors.