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FASB ASU 2016-07 — Simplifying the Transition to the Equity Method

Amendment source for the transition to equity method accounting when an investment qualifies for that method.

Authority and currency

About this authority

Publisher
Financial Accounting Foundation
Standing
Primary authority
Version
ASU 2016-07
Relevant parts
Topic 323 transition amendments
Currency
superseded · checked Aug 8, 2026

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The update is retained for transition history. The learner must first establish the supplied change in influence under current guidance before applying any transition mechanics.