Overnmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis

1. Individual Assignment: Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis Paper

” Prepare a 350to 700-word paper comparing and contrasting GASB and FASB accounting.
” Explain the objectives of the two standards boards and how they are similar and different.
” Describe how the modified accrual basis of accounting differs from full accrual accounting.
” Format your paper according to APA standards.
” Include abstract, introductory, and conclusion paragraphs.