Define your topic areain 1-3 sentences. Then build on it below with the following:

Where is asset impairment reported (balance sheet, income statement, cash flows, statement of changes in equity)?

Usefulness of information (CON8) that supports your definition of asset impairment.

Qualitative characteristics (CON8) that support your definition of asset impairment.

What are the elements of the financial statement that are impacted by asset impairment (CON6)?

Articulation of the financial statements.

Each of the financial statements are interrelated, though reporting something different from each other. Use CON6 as a reference to items impacted on each financial statement.

How is asset impairment reported via criteria found in CON5?

How do the qualitative characteristics of CON8 contribute to the process of asset impairment?

Provide a diagram or model that exemplifies the definition and explanation of the process using the first five bullets points above to support and visually express what you have written. It may help to place the diagram/model first then refer to it as you proceed in the text.

Summary conclusionyour definition and explanation with main points from the above.

Provide the various techniques, processes, or approaches to the topicthey essentially define the scope and dimensions of your topic.

Incorporate a minimum of 3 academic journal articles in support of your definition and cite them using APA. Click the Journals Click for more options link for a list of journals with quality articles to incorporate.

Incorporate other sourcesCON statements, class discussion, etc.

CON5 from FASB - https://www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1218220132773&acceptedDisclaimer=true

CON6 from FASB - https://www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1218220132831&acceptedDisclaimer=true

CON8 from FASB - https://www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1176171111398&acceptedDisclaimer=true