Cancel Impairments for Multiple Entities

In the Cancel Impairment Adjustment panel, you can cancel an impairment processed for a multiple entities. If you entered an impairment incorrectly when you booked an impairment at the position level across multiple entities, you can use this option, rather than the Book Impairment Adjustment panel, to cancel the transaction across all entities for which it was booked. You can cancel a position level impairment booked to all entities, entities in a partition, a group of entities, or entities in an entity list.

To cancel an impairment for a multiple entities:

1. In Accounting Center, in the left navigation pane, click Transactions > Adjustments > Cost Adjustments > Cancel Impairment Adjustment.
   You see the Cancel Impairment Adjustment panel.

2. Complete the options on the Cancel Impairment Adjustment panel.

3. Click Submit.
   The system cancels the selected impairment and brings the amortized cost of all open lots affected by the impairment to the amortized cost prior to processing the impairment transaction.