Overnmental Accounting Standards Board & Financial Accounting Standards Board Analysis Paper
Please prepare a 500 to 700 word paper comparing and contrasting GASB and FASB accounting:
a. Explain the objectives of the two standards boards and how they are similar and different.
b. Describe how the modified accrual basis of accounting differs from full accrual accounting.
Please properly cite references. If an electronic source was used, include the URL. If a printed source was used, please attach a copy of the data to the paper. APA formatting is required.