＂Fundamentals of Advanced Accounting 7e Stays Current as the Accounting Profession Changes Overall-this edition of the text provides relevant and up-to-date -accounting standards references to
the Financial Accounting Standards Board (FASB) Accounting Standards Codification(r) (ASC). Chapter Changes for Fundamentals of Advanced Accounting, 7th Edition: Chapter 1 Updated the chapter
to reflect Accounting Standards Update (ASU) No. 2016-07 to ASC Topic 323, Investments-Equity Method and Joint Ventures, entitled ＂Simplifying the Transition to the Equity Method of
Accounting.＂ The ASU is effective for fiscal years beginning after December 15, 2016＂--
